There is a glimmer of hope for the government in the latest Resolve survey. But voters doing it tough want economic solutions.
There is a glimmer of hope for the government in the latest Resolve Political Monitor after months of steady falls in support for Labor and its leader.
The weakness in the party’s core support has led to real anxiety in the wider labour movement about whether Prime Minister Anthony Albanese can revive the party’s fortunes in time for the election due by May next year. Peter Dutton, with his non-stop complaints about the economy, sounds more attuned to a frustrated electorate. This could explain why the opposition leader has kept his edge over Albanese as preferred prime minister for the third consecutive month.
To dismiss the bank’s warning, however, would be economic and political madness. Firstly, on the economics, Labor has to restrain spending to ensure its fiscal policy is workingSecondly, on the politics, Labor cannot afford to be blamed if inflation remains too high for too long. This must lead to tight control on spending in the mid-year budget update in December and it should stop any loose decisions in the budget early next year.
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