Naritas Finance
Daily Bulletin

The Conversation

  • Written by Adrian Beaumont, Honorary Associate, School of Mathematics and Statistics, University of Melbourne
Labor maintains Newspoll lead but Morrison's ratings up, and Abbott behind in Warringah

This week’s Newspoll, conducted February 7-10 from a sample of 1,570, gave Labor a 53-47 lead, unchanged from last fortnight. Primary votes were 39% Labor (up one), 37% Coalition (steady), 9% Greens (steady) and 5% One Nation (down one) – One Nation’s lowest Newspoll vote since February 2018.

43% were satisfied with Scott Morrison (up three), and 45% were dissatisfied (down two), for a net approval of -2, up five points. Bill Shorten’s net approval was down two points to -15. Morrison led Shorten by 44-35 as better PM (43-36 last fortnight).

There has been much debate in the last fortnight about Labor’s proposal to abolish franking credit cash refunds. Voters were opposed by 44-35, but this is down from 48-30 opposition in December. Opposition was strongest among those aged over 65 (59-28 opposed).

Read more: Words that matter. What’s a franking credit? What’s dividend imputation? And what's 'retiree tax'?

Voters supported reducing investor tax breaks, such as negative gearing and capital gains tax deductions, by a 51-32 margin (47-33 in November).

It has been over five months since Morrison replaced Malcolm Turnbull as PM in late August 2018. In nine Newspolls, his net approval has been in the single digits, positive or negative.

The last three Newspolls of 2018 were all 55-45 to Labor, while the first two of 2019 have been 53-47. I believe the Coalition has been assisted by Morrison’s relative popularity and a greater distance from the events of last August.

In Turnbull’s last four Newspolls as PM, the Coalition trailed by just 51-49, but Turnbull’s ratings were weaker than Morrison’s, with a peak net approval of -6. However, Turnbull’s ratings would have been better if not for the hard right’s hatred of him; it is plausible that 10% of the electorate disliked him from the right. Morrison has no problem with his right flank.

The Coalition is perceived as too close to big business (see Essential below), and Greg Jericho wrote in The Guardian that the latest data are not good for the Australian economy. A key question is whether Morrison’s ratings eventually fall due to the unpopularity of most Coalition policies. Economic credibility is likely to be important if the economy slows.

Essential poll: 52-48 to Labor

Last week’s Essential poll, conducted January 23-31 from a sample of 1,650, gave Labor a 52-48 lead, a one-point gain for the Coalition since Essential’s mid-January poll. Primary votes were 38% Coalition (steady), 36% Labor (down two), 10% Greens (steady) and 7% One Nation (steady).

The fieldwork period and the sample size were both larger than usual for Essential – normally Essential is conducted over four days with a sample a bit over 1,000.

By 47-41, voters agreed that one of the reasons why there are relatively few female MPs is that women choose not to get involved with politics. By 46-39, they disagreed with the proposition that voters preferred to elect men, rather than women. By 72-20, they disagreed with women being less capable politicians. Gender quotas were supported 46-40, but Coalition voters were opposed 50-37.

37% supported a separate national day to recognise Indigenous Australians alongside Australia Day, 15% thought Australia Day should be replaced, and 40% did not support a separate day.

At least 50% thought that private health insurance companies, big banks, mining companies and big business wanted the Coalition to win the next election. Labor had a lead on this question with pensioners and people with a disability, and at least 50% with families with young children and the unemployed.

Seat polls of Warringah, Stirling and Pearce

A ReachTEL poll of the NSW seat of Warringah for GetUp, from a sample of 622, gave independent Zali Steggall a 54-46 lead over incumbent Tony Abbott. Primary votes and fieldwork dates were not included in the media report. In 2016, Abbott won Warringah by 61.6-38.4 against the Greens, and 61.1-38.9 against Labor.

60% thought Abbott’s performance as a local member poor, and 60% said they were more likely to vote for a candidate who would tackle climate change – 78% among those who had defected from Abbott.

A Labor internal poll of the WA seat of Stirling, conducted after Michael Keenan announced his retirement from a sample of 950, gave Labor a 1.5% lead after preferences. In 2016, Keenan won Stirling by a 6.1% margin. Labor and the Liberals were tied at 36% each on primary votes with 6.8% undecided.

A GetUp ReachTEL poll of the WA seat of Pearce, conducted January 16 from a sample of 674, gave the Liberals a 52-48 lead over Labor (53.6-46.4 at the 2016 election).

Seat polls are very unreliable, but Stirling and Warringah are inner metropolitan seats, while Pearce is outer metropolitan. I believe the Coalition will struggle most in better-educated inner metropolitan seats.

The three seat polls were commissioned by left-aligned groups. However, ReachTEL asks for voting intentions first. Media-commissioned polls are superior to polls from political interest groups, but seat polls are unreliable in any case.

SA byelections and NSW pill testing Newspoll

Byelections occurred on Saturday in the South Australian state seats of Cheltenham and Enfield, following the resignations of Labor’s Jay Weatherill and John Rau respectively. Labor retained both seats easily, with primary vote swings to Labor of 6.6% in both Cheltenham and Enfield since the March 2018 election. The Liberals did not contest either seat.

In an additional question conducted with last fortnight’s NSW Newspoll that had a 50-50 tie, voters were in favour of the NSW government providing a pill testing service at music festivals by a 56-35 margin. Over 70% of Labor and Greens voters supported pill testing, while Coalition voters were narrowly opposed 49-45.

Read more: Poll wrap: Coalition gains in first Newspoll of 2019, but big swings to Labor in Victorian seats; NSW is tied

US government shutdown aftermath

On January 25, the US government shutdown ended when President Donald Trump accepted a bill that would reopen the government until February 15 without funding for the southern border wall he had demanded. The 35-day shutdown was the longest, beating the previous record of 21 days from 1995-96. Trump has suggested declaring a national emergency if Congress cannot agree to fund the wall by February 15.

In the FiveThirtyEight poll aggregate, Trump’s ratings fell to 39.3% approve, 56.0% disapprove on January 26. Since then, his ratings have recovered to 40.2% approve, 55.1% disapprove. However, Trump’s ratings among Republicans are well over 80% approve.

Read more: Record US government shutdown harms Trump's ratings, plus Brexit chaos and Australian Essential poll

A second shutdown could occur after talks between Democratic and Republican members of Congress broke down. To avert a shutdown, new funding must be passed by Friday (Saturday Melbourne time).

Given strong opposition to Trump in the polls, he needs the US economy to stay strong to have a reasonable chance of re-election in 2020. Despite the January shutdown, the economy added 304,000 jobs in that month.

Authors: Adrian Beaumont, Honorary Associate, School of Mathematics and Statistics, University of Melbourne

Read more http://theconversation.com/poll-wrap-labor-maintains-newspoll-lead-but-morrisons-ratings-up-and-abbott-behind-in-warringah-111523

Politics

Prime Minister - Cystic Fibrosis Specialist Unit

STRENGTHENING AUSTRALIA’S WORLD-CLASS HEALTH SYSTEM The Morrison Government will invest $65 million to establish the first dedicated Cystic Fibrosis Specialist Unit, offering world-class care for t...

Scott Morrison - avatar Scott Morrison

Tasmanian Defence Innovation and Design Precinct

MORRISON GOVERNMENT DELIVERS ON DEFENCE INNOVATION PRECINCT FOR LAUNCESTON The Morrison Government will invest $30 million in Phase 1 of the Tasmanian Defence Innovation and Design Precinct at th...

Media Release - avatar Media Release

Alan Jones interview with Scott Morrison

Bill Shorten’s big new taxes; our strong Budget for a strong economy; supporting essential services; Murray Darling Basin; ALAN JONES: Prime Minister, good morning. PRIME MINISTER: Good morning A...

Alan Jones - avatar Alan Jones

Business News

How to Become a Farmer That Makes Serious Profits in 5 Steps

A career in farming can be incredibly lucrative, if you have the right tools and know-how. Here's how to become a farmer that makes big profits in 5 steps.   Australia's farm industry makes up abo...

News Company - avatar News Company

5 signs you need to update your office furniture

Sometimes it is obvious that you need to update your workplace furniture. It may be physically broken, like an office chair that has lost its ability to be adjusted up and down. Or perhaps the desks...

Belinda Lyone, General Manager of COS - avatar Belinda Lyone, General Manager of COS

Independent online mortgage marketplace HashChing

MORTGAGE MARKETPLACE LAUNCHES CONVEYANCING SERVICES TO MAKE HOME LOAN PROCESS CHEAP AND FAST New legal partnership gives borrowers easy, online access to high quality solicitors at a fixed price  ...

Media Release - avatar Media Release

Travel

Things to Consider Before Emigrating to Australia

Moving abroad is often a big and an overwhelming decision that can hugely change your life and your future. Therefore, it is important to spend some time considering where you want to move to and rese...

News Company - avatar News Company

The Majestic City of Innsbruck

Innsbruck is the capital city of Tyrol and is the fifth largest city in Austria. It is located in western Austria between the high mountains of Karwendel Alps in the north and Patscherkofel in t...

Nico Hoffmann - avatar Nico Hoffmann

Bedsonline hosts Australian events to celebrate new brand launch

SYDNEY, April 15, 2019 Bedsonline(https://www.bedsonline.com/home/en-na), the leading global provider of accommodation and complementary travel products exclusively for travel agents, has hosted a ser...

Bedsonline - avatar Bedsonline

ShowPo