Latest YouGov voting intentions
Today's YouGov voting intentions and government approval ratings are the worst for the Conservatives since the election. The net government approval rating is zero - 40% of people approve of the government's performance, but 40% of people disapprove. On voting intention the Conservative lead is down to 2 points, the lowest since the election campaign. Topline figures are CON 41%, LAB 39%, LDEM 12%.
Government approval has been on a slow downwards trajectory since the its peak straight after the emergency budget in June. This has been partially down to Labour voters' hardening disapproval of the government, and partially due to falling Liberal Democrat support. The remaining Liberal Democrat voters still say they approve of the governent's performance, but there are far fewer of them.
In voting intention, the level of Conservative support actually remains strong. Our daily polling has shown them consistently at or above 40% since the budget, significantly above the 37% support they received at the general election. Their narrowing lead in the polls is actually down to Labour increasing their support off the back of the collapse in Liberal Democrat support. Labour are consistently polling at around 37%, up 7 from their general election score, while Liberal Democrat support stands at just over half their general election vote.
The drop in government approval is to be expected, with the exception of the Blair government after 1997 (and to some extent 2001, when the government's approval dropped, but then spiked after the attack on the Twin Towers), no British government sustains a positive approval rating for long. The Conservatives rating in the polls remains quite positive, but I'd expect that to start falling at some point once the cuts really start to bite: again, it is clearly what they expect, the Conservative strategy appears to be to take the unpopularity to start with and hope to recover once the cuts have been digested and the economy is in better shape. Right now, the interesting poll rating is that of the Liberal Democrats - the Conservatives have 5 years to get over low poll ratings... unless the coalition falls apart. To date the Lib Dems have been pretty sanguine about the collapse in support, despite stories about Charles Kennedy's non-defection or Simon Hughes's semi-regular soundings off, there is no obvious sign of panic.
In a separate poll, YouGov have also released voting intention figures for Holyrood constituency vote carried out for the SNP. Topline figures are CON 14%, LAB 36%, LDEM 12%, SNP 35%. Full results here