This week’s Essential Research poll gives Labor its worst result since the company opened for business in 2008: a primary vote of 29%, down two points on last week, and a two-party preferred deficit of 58-42. The former is particularly alarming for Labor, as Essential typically has Labor’s primary vote a few points higher than the phone pollsters. The Coalition and the Greens are steady on 50% and 11%.
With respect to the economy, 66% allowed that it had performed better than other countries’ over the past few years (although this was down from 70% in August last year), with 15% believing it to be worse (up from 10%). In the event of another global financial crisis, 42% would better trust the Liberal Party to deal with it than Labor, on 25%. Forty-six per cent anticipate the economy will get worse over the next 12 months against 23% who think it will get better (the figures when the question was asked a year ago were 37% worse and 27% better).
Sixty-two per cent believe a politician accused of an offence should stand down from their positions, against 27% who believe they should be allowed to continue. Questions on banking suggest the public to be well to the left of the elites on these matters: 55% would support the establishment of a government-owned bank, 74% forcing banks to charge rates in line with the Reserve Bank, 81% capping chief executive’s salaries, 92% limiting bank fees to the costs of the service and 59% a super profits tax on banks (the numbers opposed were respectively 23%, 16%, 12%, 5% and 21%). Fifty-nine per cent would support a levy on large transactions of currencies, bonds and shares, with 16% opposed.