May's lead falls to 3 percentage points

Candice Alexander
June 6, 2017

Of course if YouGov's projection is accurate it would be disastrous for Theresa May who called a snap General Election in the hope to give the Conservatives a greater majority in Parliament, and provide "stability and strong leadership" as the United Kingdom enters negotiations to leave the European Union.

It was also 0.35% lower against the euro, at €1.14.

Certainly, between them the firm message of all the polls is that Mrs May is at risk of failing to secure her landslide and consequently could emerge from the election with her political authority weakened rather than strengthened.

Nonetheless, this morning's poll points to the sense of uncertainty ahead of an election that was supposed to be a procession to a greater Conservative victory.

A failure to build on the working majority of 17 that the Conservatives won at the last election in 2015, against a Labour Party led by radical left-winger Jeremy Corbyn, would be a major blow for May just as she embarks on the Brexit process.

"This is just a snapshot based on data from the past seven days and people can and do change their minds in the closing days of a general election campaign".

Last week we reported that Labour was only 5 points behind the Conservatives, but at the time there was no sure way of knowing how this would transfer to seats in parliament.

At least 326 seats are needed to hold the majority in the House of Commons.

Elsewhere, shares of payment processor Worldpay fell 1.5 percent after Barclays downgraded the stock to "neutral", adding it expected the company was likely to miss certain growth targets.

But a second poll, released just hours later, had her lead at 15 percentage points, giving the pound some respite.

The claims have been made by Castle Point Labour candidate Joe Cooke, which come as a seat projection by pollster YouGov suggested that the United Kingdom could be heading for a hung parliament, with Labour making gains and Theresa May's Tories suffering losses.

"We doubt that the Times/YouGov research is giving us the true picture about how many seats each party will win on June 8th", Kathleen Brooks, EMEA Research Director at City Index, wrote in a note.

However, the YouGov projection allows for big variations, indicating the Tories could get 345 seats on a good night, or as few as 274 seats on a bad night. "Debate their record, debate their plans, debate their proposals and let the public make up their mind", said Corbyn, who was joined at Wednesday's debate by representatives of smaller parties, including Liberal Democrat leader Tim Farron and UK Independence Party chief Paul Nuttall.

The Financial Times' compilation of average of polls showing still a 9 percent victory margin for the Conservatives, though it has shrunken by nearly 50 percent since the beginning of May.

Other reports by VgToday

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