UK Labour Party Loses Support Due to Faith in Economic Recovery

Support for Labour is sinking as faith in the UK’s economic recovery builds, according to a new Guardian/ICM poll.

Ed Miliband’s party drops two points on the month to stand at 35%, which is just three points ahead of David Cameron’s Conservatives, who stand still on 32%. Labour’s lead in the Guardian’s respected 30-year polling series is thus squeezed to three percentage points, down from five last month and eight points in November.

The Liberal Democrats climb two, to reach 14%, and Ukip edges up one, to stand at 10%.

The scores of both the main government and opposition parties are now back to where they were last August, before Miliband’s popular conference promise to freeze domestic fuel bills.

The economic news since has mostly been positive since, with falling inflation as well as unemployment, which could reduce the resonance of Labour’s “cost of living crisis” pitch.
via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza