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Johnson's Conservatives Make Gains In Latest Poll, But Labour Still In Front

UK

Latest opinion polling from YouGov shows Prime Minister Boris Johnson and his centre-right Conservative Party gaining back some ground lost during a disastrous December for the PM and the gov't. However, the main opposition centre-left Labour Party remain ahead and its leader Sir Keir Starmer retains the position as most preferred PM.

  • Latest Westminster voting intention: Lab: 37% (+1), Con: 33% (+3), Lib Dem: 10% (-2), Green: 6% (-2), SNP: 5% (-1), Reform UK: 5% (n/c). Fieldwork: 6-7 Jan, chgs w/ 19-20 Dec.
  • Which of the following do you think would make the best Prime Minister?: Keir Starmer: 33% (-1), Boris Johnson: 28% (+6), Don't know: 36%. Fieldwork: 6-7 Jan. Chgs w/19-20 Dec.
  • Betting markets have shown a shift over the past week, with the expected date of Johnson's exit from Downing St. moving from 2022 to 2024 or later according to bettors (see chart below).
  • The decision not to impose stricter COVID restrictions in England appears to have mollified a number of previously disgruntled Conservative backbench MPs, seemingly reducing the risk of Johnson facing a leadership challenge (at least in the short term).
Chart 1. Betting Market Implied Probability of PM Boris Johnson's Exit from Downing St.

Source: Betdata.io, Betfair, MNI

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