🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Conservatives set for heavy UK election defeat to opposition Labour, survey shows

Published 03/04/2024, 16:00
Updated 03/04/2024, 17:06
© Reuters. Britain's Prime Minister Rishi Sunak gestures as he visits an apprentice training centre at the Manufacturing Technology Centre (MTC), in Coventry, Britain, March 18, 2024. REUTERS/Carl Recine/ File photo

LONDON (Reuters) - British Prime Minister Rishi Sunak's Conservative Party is set for a heavy defeat at a national election expected this year, according to a seat projection published on Wednesday which showed the opposition Labour Party winning more than 400 seats.

The YouGov (LON:YOU) model, which predicts results in individual parliamentary seats based on estimated vote share, projected that Sunak's Conservatives would win just 155 seats and Labour would win 403 seats. Britain's parliament has 650 seats.

Polls have consistently given Labour a double digit lead over the Conservatives, ahead of an election which Sunak has said he expects to call in the second half of the year.

The Conservatives have been in government, either in coalition or on their own, since 2010, but have had five different prime ministers in that time, as Britain's vote to leave the European Union and scandal over the handling of the COVID crisis led to continued political turmoil.

The poll indicated Sunak is still struggling to gain momentum after a tax-cutting budget last month and ahead of local elections in May. The model showed the Conservatives doing slightly worse - and Labour doing better - than when YouGov last published such a projection in January.

YouGov now projects that the Conservatives would score fewer seats than they did in 1997, when they won just 165 seats in a landslide defeat to a Labour Party led by Tony Blair.

Among the prominent Conservative lawmakers who could lose their seats were finance minister Jeremy Hunt and former leadership candidate Penny Mordaunt, YouGov said.

The model projected Labour would fall short of the 418 seats won under Blair, with the projected 154 seat majority also less than the 179 majority it won in 1997.

© Reuters. FILE PHOTO: Britain's Prime Minister Rishi Sunak speaks as he visits an apprentice training centre at the Manufacturing Technology Centre (MTC), in Coventry, Britain, March 18, 2024. REUTERS/Carl Recine/Pool/File Photo

YouGov interviewed 18,761 British adults interviewed from March 7-27 for the survey. The number is many times larger than regular opinion polling and YouGov said the method correctly predicted the previous two elections.

It said the headline election result based on the model would see Labour on 41% of the vote and Conservatives on 24%, though cautioned that the results could look different to regular polling due to its treatment of those that do not currently have a voting intention.

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.