Roy Morgan: ALP widens lead as government confidence collapses

Much like Newspoll and Resolve yesterday, Roy Morgan’s latest polling on voter intentions has Labor (55.5%) widening its two-party preferred lead over the Coalition (44.5%):

The ALP gained 1% point on a two-party preferred basis during the week to Sunday May 1, increasing its lead to 10% points: ALP 55.5% cf. L-NP 44.5% according to the latest Roy Morgan Poll conducted from April 25 – May 1, 2022.

The weekly Roy Morgan Government Confidence Rating plunged 8pts to 84 this week after the ABS reported higher than expected inflation of 5.1% for the year to March 2022 – the highest figure for over 20 years. The higher than expected inflation has increased the pressure on the RBA to raise interest rates for the first time in more than a decade – perhaps as soon as today.

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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.