Turnbull Loses Coalition Lead in Newspoll
The latest Newspoll showing a negative TTP of 49/51 for the Coalition (see below) has sent the Turnbull government, and the Liberal Party itself, a clear message to fix the role being played by the current leadership. The poll includes a section indicating only 19% favoured allowing the States to impose an income tax. This does not necessarily rule out such a development in the future. But it confirms that the handling of the issue by Turnbull has been so bad that, as suggested in yesterday’s Commentary, it requires a major change in the role being played by him as PM.
Turnbull Decides Early Election & Budget
No sooner had the latest Newspoll been published (details are attached) with a 51/49 TPP in favour of the Coalition, but with the first negative net satisfaction ratio for Turnbull personally, than he announced an early return of Parliament to (again) consider two pieces of legislation on workplace relations and a double dissolution election on 2 July if the legislation is not passed this time by the Senate (of the two pieces of legislation, one has already been rejected twice and this rejection could be used to call a DD). This would be a considerably earlier election than the September/October months which Turnbull himself had previously foreshadowed.
The Missing Economic Policy
Today’s Newspoll shows the two major parties are now on the same TPP (down from a steady 53/47 for the Coalition). Although Turnbull remains clearly preferred as PM, his indecisiveness over whether to raise the GST/cut income tax and his failure to produce any new substantive economic policy has contributed to the downturn. Turnbull’s general approach of not ruling any policy in or out –and then not deciding on anything – has not helped and his net satisfaction rating is down to 10 compared with 38 in mid-November. As Rowan Dean put it in Saturday’s AFR, “Turnbull: The Force Awakens has lost business to Deadbill”.