New Zealand falls out of love with Jacinda Ardern

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The latest Roy Morgan polling had the potential National/Act NZ opposition well ahead of the incumbent Ardern Labour/Greens government in April.

On primary vote, National is leading Labour 37.5% to 33.5%, with Act (10.0%) also catching the Greens (10.5%):

New Zealand primary vote

This means that on a coalition basis, National/Act is leading Labour/Greens by 49.0% to 44.0%:

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New Zealand Coalition vote

There is some positive news for Jacinda Ardern, however, with Roy Morgan’s Government Confidence and Consumer Confidence indices finally rebounding after plummeting over the prior year:

New Zealand consumer and government confidence
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Commenting on the results, Roy Morgan CEO Michele Levine believes that Jacinda Ardern will come under increasing pressure as interest rates rise:

“A high inflation rate and an extended cycle of higher interest rates is a new challenge for the government of Prime Minister Jacinda Ardern and looks set to be the defining issue over the next 18 months heading into next year’s election.”

The bigger issue facing Ardern is that she is no longer trusted after breaking multiple election pledges around housing and immigration.

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Jacinda Ardern has a propensity for announcing one thing and then doing the opposite, which is why Kiwi voters are now abandoning her.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.