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Tories most trusted with economy

By Andrew Grice, Political Editor

The Conservatives have overtaken Labour as the party most trusted to handle the economic crisis, according to a poll for The Independent.

The ComRes survey suggests David Cameron is winning over former Liberal Democrat supporters as he builds a commanding poll lead which has put him on course for a huge majority of 128 at the next general election.

When asked to put party allegiance aside and say who they trusted most to steer Britain through the economic crisis, 35 per cent of respondents said the Tories , 28 per cent said Labour and 9 per cent said the Liberal Democrats.

It is the first time the Tories have come out on top since ComRes began asking the question in September. In November, 47 per cent trusted Labour and 28 per cent trusted the Tories.

The latest poll puts support for the Tories at 44 per cent and for Labour at 28 per cent, the Liberal Democrats at 17 per cent and other parties at 11 per cent. The Tories lead Labour in all age and social groups except the bottom "DE" group.

One in five (21 per cent) of those who voted Liberal Democrat in 2005 say they intend to vote Tory now, while 7 per cent would switch to Labour. Support for the Tories is the most solid of any of the parties; 95 per cent of people who identify as Tory say they will vote for the party, against 81 per cent for Labour and 82 per cent for the Liberal Democrats.

Only 57 per cent of Labour supporters are "certain" to vote, compared to 71 per cent of Tory supporters and 62 per cent of Liberal Democrats. Almost a third of Liberal Democrat voters from 2005 (31 per cent) believe the Tories are the best team on the economy, while 22 per cent opt for Labour and 20 per cent for their own party.

Meanwhile, the Chancellor, Alistair Darling, said ministers must have the "humility" to admit the Government made mistakes before the crisis.

"There are a lot of lessons to be learnt by regulators, governments, all of us ... If there is a fault, it is our collective responsibility," he said.

"All of us have to have the humility to accept that over the last few years, things got out of alignment."

He will announce plans today for a new fund to rescue projects funded by public-private partnerships which are threatened by the credit crunch, including the widening of the M25.

ComRes telephoned 1,006 adults between Friday and Sunday. Data was weighted by past vote recall. ComRes is a member of the British Polling Council and abides by its rules.

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Comments

Poll results
[info]dave1234567890 wrote:
Tuesday, 3 March 2009 at 12:38 am (UTC)
I just find it amazing that Labour have got 28% support. Of my friends who voted Labour at the last election not one of them intend to do so at the next election. The general view is that the government is totally incompetent and that Brown has been a total disaster, nobody seems to know what they stand for and that they need a long period in opposition, to work out their purpose. About half said they would now vote for the Tories a quarter Lib Dems, the others were undecided, but said they definitely wouldn't be voting Labour. Incidentally none of them thought Brown going would make any difference, they just want a change.
too late for humility
[info]forwardplanning wrote:
Tuesday, 3 March 2009 at 06:00 am (UTC)
The conservatives may poll better on the economic front, but then a three year old but probably poll better than NuLabour

However on the issue of Liberty and the return of the peoples rights and freedoms they are straggling along with NuLabour
Economic competence
[info]49niner wrote:
Tuesday, 3 March 2009 at 06:02 am (UTC)
Given the poor performance of George Osborne during the crisis, this is obviously a knee-jerk reaction to the failings of the present government. In my memory, which dates from when Selwyn Lloyd was in office in 1961 we've had some pretty awful Tory Chancellors, some of whom were responsible for starting the chain of events that we see unravelling now.

These polls are fairly meaningless. I for one can't see that anything the Tories propose to do - if they know themselves - will get us out of the current mess, and if they cut government spending too soon and also raise taxes to shrink the budget deficit that will make matters even worse. They will not get my vote. These plonkers can seriously damage your wealth - even further than the present shower.
[info]mykleboon wrote:
Tuesday, 3 March 2009 at 07:49 am (UTC)
49niner,

I agree with you that there have been some pretty poor Tory Chancellors - including Winston Churchill, Anthony Barber and John Major. There have also been some excellent ones - including Geoffrey Howe and Ken Clarke. However, no Tory Chancellor could realistically be accused of sowing the seeds of the present crisis. In 1997, not only was the economy in good shape with the balance of payments in surplus and the government finances more or less in balance, but every indicator was pointing the right way: inflation was low and falling; unemployment was still fairly high, but that was falling fairly rapidly too; and tax receipts were rising faster than government spending. These trends continued for the first four years of Brown's Chancellorship - without any obvious discontinuity in 1997. (Actually if you look at the time series of virtually ANY economic parameter, you can hardly ever see any abrupt changes at the time of a general election. Most changes to economic policies take around two or more years to have any effect, and most governments don't do everything on day one of their incumbency. They continue to fiddle until they are thrown out!). Things only really started to go wrong in about 2001-02.

Your comments about cutting public spending and raising taxes "too soon" are based on a "crass Keynesian" analysis, (to plagiarise Herr Stonebridge). Geoffrey Howe DID cut public spending and raise taxes in the teeth of a recession, and was much criticised by the 364 economists who wrote to the Times on 23 March 1981 for doing so. Yet, the Bank of England claims that, in the period 1982 to 1990, Britain experienced its strongest period of economic growth since the war and the second strongest since the middle of the nineteenth century, (on an annualised basis)! Whether the Tories would adopt such policies again is, of course, a matter of speculation - since, as you say, they won't say!
Devil and a Hard Place
[info]richardjeff wrote:
Tuesday, 3 March 2009 at 08:05 am (UTC)
Labour are out of ideas and bereft of talent. The Tories are lumbered with George Osborne: Cameron is a great front man currently riding on further sympathy for the loss of his son, but at heart the party is still the party of Thatcherite ideology (as NuLabour proved to be as well) and likely to continue down that disastrous route. The only person consistently talking sense is Vince Cable but can anyone really vote for a one man party.

Maybe I should just watch whilst Europe recovers faster and further than the UK and leave Britain to UKIPs, BNPs and the like.

We have become a selfish petty-minded community with no leadership, vision or heart. It wasn't Labour or even the Tories that did it but ourselves thinking, spend, borrow spend solved all problems and that houses were sources of wealth rather than places in communities to live. Poor fools us.
All that is to come.
[info]living_fossil wrote:
Tuesday, 3 March 2009 at 08:36 am (UTC)
We need a government of national unity. The grass is always greener on the other side. There isn't much Cameron can do to make this situation better. Being new in the top slot he'll yank all the levers and probably make things just slightly worse. Give him three months and everyone will be screaming for Brown to come back. It's like changing pilots as your crash landing a plane. The idjutz who make up the majority of the passengers will cheer at the spectactle of this change in pilots. The smarter are less lucky since they are looking outside respective windows at the ground approaching & will just say 'oh! fhit!' (malthusian die-off anybody?)
Who Are The 28%
[info]mike4626 wrote:
Tuesday, 3 March 2009 at 09:38 am (UTC)
how can anyone have faith in Mr Brown and his fellow MP's. He has had to bring into government hastily ennobled UNELECTED Lords as he cannot trust his own MP's
Tories most trusted with the economy
[info]patrick_moore wrote:
Tuesday, 3 March 2009 at 09:51 am (UTC)
I cannot for the life of me understand the people who so glibly write off David Cameron's ability to rectify the mistakes of the present government. Whatever David has put his hand to over the past 3 years he has brought success. The re-branding of the much disliked Tory Party. The uniting of all the differing factions of the MPs and the forging ahead of this incompetent labour party in the polls to name but 3. If these people took the trouble to go to the conservative website and looked at their policies they would I am sure be pleasantly surprised.
George Osborne was severely tainted by Mandelson whose word I find it difficult to trust. The competence of GO is endorsed by Kenneth Clark which speaks for itself.
I have every hope and confidence that DC and his team will bring some sanity and respect back to the world of politics.
Re: Tories most trusted with the economy
[info]kafkamarxmarley wrote:
Tuesday, 3 March 2009 at 10:33 am (UTC)
It doesn't matter which of the neo-liberal parties are in power it's the system that is broken. We can trace this demise back to the deregulation of the markets by the Thatcher government and it was only a matter of time before it all came tumbling down, my only surprise is that it took so long. Where to go from here? There's not one main stream party with the ablity or will to do what needs to be done, that is we need to rebuild the country around a new system, not the broken old capitalist system that will just plod on making the same rich men rich until the next financial disaster. We have nationalised many large financial institutions debts without nationalising the banks themselves. Steady productive growth based on core values to benefit all not the few is the only way not to repeat the same mistakes.
Tories most trusted on economy
[info]alan_honiton wrote:
Tuesday, 3 March 2009 at 10:59 am (UTC)
This turnaround over the past 6 months is mainly due to 2 factors. Firstly, Brown's accusation that Cameron heads a 'do nothing party' has rebounded on him. Gordon has believed his own rhetoric and has thereby lured himself into hyperactivity, but which is increasingly confusing, contradictory and seen to be all mouth and no trousers. Nothing he 'does' seems to be working. Secondly, the full extent of our current and projected national indebtedness is beginning to dawn very bright, and alarm bells are ringing ever louder with each policy mistake that is made and each time another optimistic government forecast is discredited. All Cameron needs to do for the time being is to play a straight bat to Gordons increasingly erratic bowling, and he should knock him all over the ground.
Who has any policies?
[info]methnick wrote:
Tuesday, 3 March 2009 at 12:00 pm (UTC)
Nu Labourtories or Scottish Nanny Party.........Cameron or Brown.........ho hum

Do any of them have any policies that are radically different any more?

Do any of them have the bravery to enforce some discipline & standards.....everywhere!. Banks, Schools, Borders....Media etc





please no more massive majorities
[info]vhawk1951 wrote:
Tuesday, 3 March 2009 at 12:38 pm (UTC)
I'm sick to death of elected dictatorships of either or any party
Depends where u live!!
[info]wee_scamp wrote:
Tuesday, 3 March 2009 at 12:43 pm (UTC)
Hmmmm........ most Scots wouldn't trust the Tories further than they could throw them. That doesn't mean to say they trust Labour either.

What appears to be happening is a growing recognition that the Treasury/City/BoE/FSA cabal doesn't benefit Scotland regardless of whether it's the Tories or Labour in power in Westminster.
election
[info]alembique wrote:
Tuesday, 3 March 2009 at 01:09 pm (UTC)
The only important question is how soon an election can be forced. The idea that there can be no principled or effective government until May 2010 is just unsupportable. Is Labour really unaware that the length of time for which it remains unelectable will be hugely increased by it playing no part in Brown's demise, and allowing a further year of disgrace and demoralisation ?
[info]mykleboon wrote:
Tuesday, 3 March 2009 at 01:36 pm (UTC)
"most Scots wouldn't trust the Tories further than they could throw them" - and that really is Scotland's main problem!

"What appears to be happening is a growing recognition that the Treasury/City/BoE/FSA cabal doesn't benefit Scotland regardless of whether it's the Tories or Labour in power in Westminster." Now, I wonder which "city" we could be taking about? HBOS and RBS were both headquartered near EDINBURGH. None of the banks headquartered in the City of London, (apart from Lloyds TSB, who were strongarmed into "rescuing HBOS), have sought government / taxpayer funds. Those hailing from Newcastle, Bradford, Bingley and Leicester have had to be helped! As for Scots generally, consider the following:

Our previous Prime Minister was educated in Scotland;
Our present Prime Minister and previous Chancellor is a Scot;
Our present Chancellor is a Scot;
The chairman of the Treasury Select committee is a Scot;
The previous chairman of the FSA is a Scot. . . .

Are you beginning to get the picture?

With respect to the so-called "deregulation", I would like to quote Gordon Brown speaking on Radio Oxford on 27th February: " We set up the the Financial Services Authority to, you know before we came into power there was a sort of self regulatory system so you know they more or less regulated themselves. We brought in a statutory regulatory system, supervisory system . . ." So don't blame people in power BEFORE 1997 for poor regulation!

As for houses being a source of wealth, according to the Halifax House Price Index, between 1990 and 1997, (i.e. during John Major's premiership), the average price of a house FELL from 68,950 pounds to 68,504 pounds. Hardly a source of wealth at that time! However, according to the same index, the average price rose between 1997 and 2007 from 68,504 pounds to 196,478 pounds. This represents a compound annual growth rate of 11.1%. I strongly suspect that it was the poor performance of the housing market - all that negative equity and all those repossessions - that did for the Tories in 1997. One might have thought that this searing experience would have destroyed the housing myth for a generation! However, it didn't. This shows just how stupid "ordinary" people can be.
surviving in today's economic climate
[info]thirteenxthree wrote:
Tuesday, 3 March 2009 at 09:22 pm (UTC)
The storm is way too strong for the likes of governments to solve, it will take the spirit of the people to turn this mess into something viable; please check this out: http://www.slowtrainumber9.com/

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