Labor takes 33 point lead over Tories after Liz Truss budget 'disaster'

Labour jumped to a 33 point lead in the polls as the dire political backlash to Liz Truss' budget unfolds.

In the latest poll released Thursday, Keir Starmer's party gained nine points to 54%, while the Conservatives fell by seven to 21%.< /p>

The unprecedented figures from pollster YouGov come after Ms Truss took to local radio stations in an attempt to reassure the public about her economic strategy.

< p>The inquest also comes days before the start of Ms Truss Truss's first party conference as leader and if replicated in a general election would represent by far the worst result of the hi story of the Conservative Party.

On an even national swing, the numbers would leave the Conservative Party with just three seats and Labor with 564. The SNP would be the Official Opposition with 51 seats, according to the Electoral website Calculus.

Personal poll numbers for the Prime Minister herself are also abysmal. When asked who would make the best Prime Minister, only 15% said the Tory leader, down 10% from the previous poll.

Sir Keir was nominated by 44%, up 12% from the last survey.

Asked how well or badly people thought Ms Truss was doing as Prime Minister, 65% said badly and 15% said well.

Other pollsters have shown similar leads for Labour. Survation gave the Opposition a 21 point lead, with Sir Keir's party at 49%, up 6%, with the Conservatives at 28%, down 5%.

Deltapol gave the Opposition 19 points in front, while Redfield Wilton trailed the Conservatives 17 points.

The Prime Minister and his Chancellor Kwasi Kwarteng decided on Friday to make tax cuts not funded spectacular for most high earners.

But the policy, pushed by free-market think tanks, backfired dramatically and caused the pound to fall hugely against the dollar, as well as a rise dramatic rise in government borrowing costs.

This week the Bank of England launched an emergency intervention to rescue pension funds, whose portfolios have been rattled by dramatic developments in markets.

And markets now expect interest rates to rise to 6% by the end of the year, raising the prospect of a huge hike in payments for mortgage holders.

On the radio this morning, Ms Truss highlighted the energy bill support her government had provided - which will cost a typical family $2,500 £ a year, double what they were in January.

The government has blamed the economic instability on the winds s opposites of the war in Ukraine, but the reaction of economists has been largely negative.

Former US Treasury Secretary Lawrence Summers said that UK fiscal policy was based on "naive, pious supply-side economics" and that "Britain will remain remembered for pursuing the worst macroeconomic policies of any major country in the world." a long time".

More to follow...