👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Australian ruling coalition sees poll bounce after ousting PM Abbott

Published 18/09/2015, 11:43 am
© Reuters.  Australian ruling coalition sees poll bounce after ousting PM Abbott

By Matt Siegel

SYDNEY, Sept 18 (Reuters) - Australia's ruling Liberal-National coalition is leading its Labor opposition for the first time in 16 months after former prime minister Tony Abbott was toppled by Malcolm Turnbull in a party-room coup four days ago, an opinion poll showed on Friday.

Turnbull's Liberal Party and its junior coalition partner the Nationals won a landslide election in 2013 but Abbott was jettisoned on Monday after a series of policy missteps and destabilising infighting. ID:nL4N11K29L

The poll will be studied closely for implications that the decision to install Turnbull, a Rhodes Scholar and former investment banker, has reversed the government's sagging fortunes ahead of an election due in about a year.

The poll by Galaxy Research noted a three-point bounce in the government's primary vote since its previous poll in May, from 41 to 44 percent.

On a two-party preferred basis - the most significant indicator where votes for minor parties are redistributed to the two main blocs according to preferences - the government is also leading the centre-left Labor Party by a margin of 51-49.

The poll of 1,224 voters, conducted after the change of leaders on Monday, also had 51 percent of respondents rating Turnbull as their preferred prime minister, compared with just 20 percent for Labor leader Bill Shorten.

A string of dismal polls showed a likely rout for the government at the elections due by the end of next year if it stuck with Abbott.

Abbott ousted Turnbull as leader of the Liberal Party in opposition in 2009, although Turnbull has consistently been seen as a preferred prime minister by the public.

Turnbull's support for a carbon trading scheme, gay marriage and an Australian republic had made him unpopular with his party's right wing, and he has pledged not to reverse course on those issues in an effort to unite the fractured party.

The leadership reshuffle came as Australia's $1.5 trillion economy struggles to cope with the end of a once-in-a-century mining boom. It was also less than a week before a by-election in Western Australia state that was widely seen as a test of Abbott's leadership.

A Fairfax-Ipsos poll published on Monday, before the leadership change, showed voters in the Western Australian seat of Canning delivering a swing of up to 10 percent against the government in Saturday's by-election.

Party infighting has resulted in four changes of leaders in the past two years in Australia, political instability that has shaken public and business confidence in government. (Editing by Paul Tait)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.