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Free AccessSupport For Government Drops But Opposition Struggling To Benefit
Two opinion polls taken in late February are pointing to a fall in primary support for the incumbent Labor government but the two-party preferred measure is still in their favour and PM Albanese remains the preferred PM. There is an important bi-election held on March 2 in Victoria with a federal election due before May 2025.
- The latest Newspoll from The Australian taken between February 19 and 23 saw support for Labor drop 1pp to 33% and the coalition steady on 36%, both in line with their May 2022 election results. Two-party preferred remained on 52% vs 48% though, where it has been since mid-December. The Greens were steady on 12% while support for independents rose 2pp to 13%.
- Albanese is preferred PM on 47% compared with opposition leader Dutton’s 35% but both have negative approval ratings.
- 55% support small modular nuclear reactors including 51% of Labor voters, despite the PM’s commitment not to overturn the nuclear ban.
- The Sydney Morning Herald/The Age’s Resolve Political Monitor was in line with Newspoll showing the Coalition ahead on the primary vote with 37% compared with Labor’s 34%. Support for the Coalition rose 3pp since the last poll in December while Labor fell 1pp. The Greens fell 1pp to 11% while independents were steady on 9%. The survey was taken between February 21 and 24.
- Albanese remained preferred PM in the Resolve poll too at 39% vs 32%, which is the smallest gap since the last election. There was also 52% support for the revamped tax cut plan.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.