Final polls of the campaign point to a hung parliament

Final pre-election polls show the Tories around 30 seats short of a majority.

New Statesman - Polls Guide_1273093737947

Latest poll (ComRes/Independent) Conservatives 27 seats short of a majority.

22:05 UPDATE: The final poll of the night, a ComRes survey for the Independent, has the Tories unchanged on 37 per cent, Labour down one to 28 per cent and the Lib Dems up two to 28 per cent.

So, assuming a uniform swing, all of the polls published tonight point to a hung parliament. There's no sign of a late Tory surge but I expect the Conservatives will be fairly satisfied. They are confident that their strength in the marginals will give them more seats than national polls suggest.

The Tories are all but certain to emerge as the single largest party on Friday but unless, against expectations, they perform well in the Lib Dem marginals, I can't see them winning an overall majority.

If Cameron ends up around 20 seats short of a majority, I expect him to attempt to lead a minority government with the support of the DUP and other minority parties. If the shortfall is more like 30-40 then he will have no choice but to negotiate with the Lib Dems.

21:50 UPDATE: ICM for the Guardian has the Tories up three to 36 per cent, Labour unchanged on 28 per cent and the Lib Dems down two to 26 per cent.

20:06 UPDATE: It looks as if last night's YouGov poll, which had the Lib Dems way down on 24 per cent, was an outlier. Tonight's has them back up fourpoints to 28 per cent, with Labour down two to 28 per cent and the Tories unchanged on 35 per cent.

There's no sign of a late Conservative surge tonight but these polls are far from encouraging for Labour. Most show them level-pegging with the Lib Dems and two put Nick Clegg's party in front.

New Statesman Poll of Polls

New Statesman - Polls Guide_1273093992405

Hung parliament, Conservatives 27 seats short of a majority.

UPDATE: The latest Angus Reid/PoliticalBetting poll has the Tories up 1 to 36 per cent, the Lib Dems unchanged on 29 per cent and Labour up 1 to just 24 per cent. As ever, Gordon Brown will be hoping that Mike Smithson's golden rule -- that the poll with Labour in the worst position is normally the most accurate -- does not hold this time.

UPDATE: Populus for the Times has topline figures of Con 37 per cent (+1), Lab 28 per cent (+1) and Lib Dems 27 per cent (-1). On a uniform swing, that result would leave Cameron 24 seats short, a legislative handicap he would hope to overcome with the help of the DUP and others.

The first two polls of the night are out and both point to a hung parliament. An Opinium poll for the Daily Express has the Tories on 35 per cent (+2), Labour on 27 per cent (+1) and the Lib Dems on 26 per cent (-1). If repeated at the election on a uniform swing, that result would leave David Cameron 38 seats short of a majority.

Meanwhile, a new TNS BRMB poll puts the Tories down one to 33 per cent, with the Lib Dems also down one to 29 per cent and Labour unchanged on 27 per cent. On a uniform swing, the figures would leave Cameron 57 seats short of a majority.

So, like other recent polls, both suggest that the yellow tide is receding. That said, it's worth remembering how few expected to see any poll put the Lib Dems ahead of Labour the day before the election.

I'm expecting a glut of polls tonight, so stay tuned for updates throughout the evening.

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George Eaton is political editor of the New Statesman.

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Owen Smith promises to be a "cold-eyed revolutionary" - but tiptoes round Brexit

The Labour leader challenger takes Jeremy Corbyn on at his own anti-austerity game. 

Owen Smith may be challenging Jeremy Corbyn for the Labour leadership but it seems he has learnt a thing or two from his former boss. 

One year on from abstaining from the Tory Welfare Bill - a decision he now says he regrets - Smith attacked the former Chancellor George Osborne’s austerity policies from Orgreave, a former steel plant which was pivotal during the miners’ strike.  

Listing frustrations from library cuts to delayed trains, Smith declared: “Behind all of these frustrations is one cause – austerity.”

Borrowing the rhetoric that served Corbyn so well, he banged the drum about pay, labour rights and fair taxes. 

Indeed, a spokesman from Jeremy for Labour popped up to say as much: “We welcome Owen’s focus on equality of outcome, reindustrialisation and workers' rights - and his support for policies announced in recent months by Jeremy Corbyn and John McDonnell.”

On policy, though, Smith showed a touch of his own. 

His description of the Department for Work and Pensions as “a byword for cruelty and insecurity” resonates with the deep fear many benefit claimants feel for this faceless but all powerful authority. His promise to scrap it will not go unnoticed.

Another promise, to end the public sector pay freeze, is timely given widespread expectations that withdrawing from the EU’s single market will push up prices. 

He also appealed to the unions with a pledge to scrap the “vicious and vindictive” Trade Union Act. 

The policies may be Corbynite, but where Smith stands out is his determination to be specific and practical. He is selling himself as the Corbyn who actually gets things done. Asked about what he would replace zero-hours contracts with, he responded: "Well it could be one [hour]. But it can't be zero."

As he concluded his speech, he promised “revolution” but continued:

“Not some misty eyed romanticism about a revolution to overthrow capitalism.

“But a cold-eyed, practical, socialist revolution, through a radical Labour Government that puts in place the laws and the levers that can genuinely even things up.”

Smith’s speech, though, steered clear of grappling with the big issues of Brexit. He stands in favour of a second referendum on the Brexit deal, which may appease Labour's inner city voters but could frustrate others who voted Leave.

On the free movement of people – widely viewed as a dividing line between Labour’s Corbynite members and the wider voting population - he has been vague. He has previously expressed support for the "progressive case against freedom of movement" and criticised Corbyn for failing to understand patriotism. But this is not the same as drawing up policy. Whether he can come up with strong views on immigration and still appeal to both voter bases will be his biggest challenge of all. 

Owen Smith's 20 policies

1.      A pledge to focus on equality of outcome, not equality of opportunity 
2.      Scrapping the DWP and replacing it with a Ministry for Labour and a Department for Social Security
3.      Introducing modern wages councils for hotel, shop and care workers to strengthen terms and conditions
4.      Banning zero hour contracts
5.      Ending the public sector pay freeze
6.      Extending the right to information and consultation to cover all workplaces with more than 50 employees
7.      Ensuring workers’ representation on remuneration committees
8.      Repealing the Trade Union Act
9.      Increase spending on the NHS by 4 per cent in real-terms in every year of the next parliament
10.  Commit to bringing NHS funding up to the European average within the first term of a Labour Government
11.  Greater spending on schools and libraries
12.  Re-instate the 50p top rate of income tax
13.  Reverse the reductions in Corporation Tax due to take place over the next four years
14.  Reverse cuts to Inheritance Tax announced in the Summer Budget
15.  Reverse cuts to Capital Gains Tax announced in the Summer Budget
16.  Introduce a new wealth Tax on the top 1 per cent earners
17.  A British New Deal unveiling £200bn of investment over five years
18.  A commitment to invest tens of billions in the North of England, and to bring forward High Speed 3
19.  A pledge to build 300,000 homes in every year of the next parliament – 1.5 million over five years
20.  Ending the scandal of fuel poverty by investing in efficient energy