Why Miliband's dismal approval ratings should worry Labour

Personal ratings are often a better predictor of the election result than voting intentions.

On the surface, the lastest monthly Ipsos MORI poll contains good news for Labour. While ICM had them level-pegging with the Tories on 36%, MORI puts them 11 points ahead, up seven points since June and the kind of lead the opposition needs to justify hope that it can win the next election.

But dig deeper, and more worrying findings emerge. While David Cameron's net satisfaction rating has risen by eight points since last month to -16, the highest level this year, Miliband's has fallen by five points to -26, the lowest level since January 2012. As the graphic below shows, the Labour leader's rating is now as low as William Hague's was at this stage of his leadership. While Cameron outpolls his party by nine points (38-29), Miliband trails his by 10. 

But this is a parliamentary system, you say, why should we care? The answer is that personal ratings are frequently a better long-term indicator of the election result than voting intentions. Labour often led the Tories under Neil Kinnock, for instance (sometimes by as much as 24 points), but Kinnock was never rated above John Major as a potential prime minister. A more recent example is the 2011 Scottish parliament election, which saw Alex Salmond ranked above Iain Gray even as Labour led in the polls. The final result, of course, was an SNP majority. 

There are some notable exceptions to this rule. Margaret Thatcher won in 1979 despite trailing Jim Callaghan by 19 points as the "best prime minister" and Ted Heath defeated the more popular Harold Wilson in 1970. But Labour should not assume that history will repeat itself in their favour. Miliband's substandard ratings mean the Tories are confident that if they frame the next election as a presidential contest, they stand a good chance of remaining the largest party. 

Ed Miliband speaks on the high street in Worcester town centre on April 25, 2013. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Lord Sainsbury pulls funding from Progress and other political causes

The longstanding Labour donor will no longer fund party political causes. 

Centrist Labour MPs face a funding gap for their ideas after the longstanding Labour donor Lord Sainsbury announced he will stop financing party political causes.

Sainsbury, who served as a New Labour minister and also donated to the Liberal Democrats, is instead concentrating on charitable causes. 

Lord Sainsbury funded the centrist organisation Progress, dubbed the “original Blairite pressure group”, which was founded in mid Nineties and provided the intellectual underpinnings of New Labour.

The former supermarket boss is understood to still fund Policy Network, an international thinktank headed by New Labour veteran Peter Mandelson.

He has also funded the Remain campaign group Britain Stronger in Europe. The latter reinvented itself as Open Britain after the Leave vote, and has campaigned for a softer Brexit. Its supporters include former Lib Dem leader Nick Clegg and Labour's Chuka Umunna, and it now relies on grassroots funding.

Sainsbury said he wished to “hand the baton on to a new generation of donors” who supported progressive politics. 

Progress director Richard Angell said: “Progress is extremely grateful to Lord Sainsbury for the funding he has provided for over two decades. We always knew it would not last forever.”

The organisation has raised a third of its funding target from other donors, but is now appealing for financial support from Labour supporters. Its aims include “stopping a hard-left take over” of the Labour party and “renewing the ideas of the centre-left”. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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