Australia opposition ahead of ruling Labor – poll

SYDNEY, June 7 (BestGrowthStock) – Australia’s ruling Labor Party
could lose elections later this year after its popularity
tumbled following several policy flops and missteps, the Sydney
Morning Herald said in a fresh poll on Monday.
Support for Prime Minister Kevin Rudd’s Labor dropped by three
points to 47 percent while backing for the opposition jumped to
53 percent, on a two-party basis, after a month of heated
debate on a new mining tax that that is failing to win voter
support, the paper said based on a Herald/Neilsen poll.

The next election is expected by political analysts to be
held around October and be fought partly over the mining tax,
which underpins Rudd’s strategy to boost retirement incomes and
wipe out the fiscal deficit by 2012/13.

The poll showed Rudd, who once held a seemingly
unsurmountable lead, was failing to win over swing voters as
Australia’s rich mining sector has run a campaign-style
opposition to a proposed 40 percent profit windfall tax.

Voters also appeared to back the opposition’s hardline
stance on asylum seekers while there was also dissatisfaction
with the government’s scrapping of an emissions scheme.

Rudd’s approval has fallen 4 percentage points to 41
percent, while support for opposition leader Tony Abbott has
also fallen by 5 percentage points to 41 percent.
Stock Today

(Reporting by Anirban Nag, editing by Balazs Koranyi)

Australia opposition ahead of ruling Labor – poll