The full tables for the YouGov/Sunday Times poll are now up here.

Economic confidence is very poor – the proportion of people expecting the country to fall back into recession has grown to 73%, up from 59% when YouGov asked in February. Only 8 expect their financial situation to improve in the next 12 months, with 63% expecting it to get worse (a net feel good factor of minus 55, the lowest since January) and only 31% of people think the government is managing the economy well, with 59% thinking they are doing so badly. Despite this, the Conservatives still have a lead over Labour as the party people think would best deal with the country’s economic problems, 30% to 24%.

Ahead of the Labour conference opinions of Ed Miliband are generally negative. His overall approval rating stands at minus 33, with the boost in perceptions that he enjoyed from “hackgate” having almost completely disappeared. Ratings of his leadership so far are miserable – only 18% of people think he has provided an effective opposition, 64% think he has not. Only 19% think he has made it clear what he stands for, 66% do not. Only 19% of people think he would be up to the job of Prime Minister, compared to 62% who think he would not.

His ratings are poor even amongst Labour supporters – 51% of Labour voters do not think Miliband has provided an effective opposition, 52% think he has not made it clear what he stands for. 45% of Labour voters think would be up to the job of Prime Minister, 34% think he would not.

36% of people think that the party would have been better off with David Miliband, including 45% of Labour supporters. Only 6% think the party would have been worse off with David Miliband, 35% think it would be no different. Asked who the best leader of the Labour party would be, 30% of people pick David Miliband to a rather cutting 9% for Ed Miliband.

There was also a BPIX poll in the Mail on Sunday, which had topline figures of CON 37%, LAB 40%, LDEM 10%.


152 Responses to “YouGov on the economy and Miliband”

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  1. Ah I see what happened I was replying to an old post at the bottom of page two

    Silly me

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  2. Alec,

    No, banks don’t lend reserve money out abroad either. When a bank sells an asset to a central bank, they receive reserve money. They use this as a reserve for when customers with deposits demand cash (from an ATM or bank).

    When banks do lend, they create a new deposit ex nihilo. They can also pay for a financial asset with a new deposit. When you get a loan from a bank, the bank pays for that loan with the new deposit.

    I’m not saying that banks would never lend more as a result of QE, but just that the reserve money they receive for assets is not what they lend.

    Here’s a good guide to how QE actually works-

    http://www.standpointmag.co.uk/the-unnecessary-recession-features-june-09-tim-congdon-gordon-brown-alistair-darling?page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C0

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