Latest Horizon Poll Shows Steady Loss of Faith in Govt’s Economic Management

Horizon Polls have released their latest polling figures and it doesn’t look too good for John Key’s National government.

New Zealanders, by large majorities, are not confident the Government has adequate plans to reduce unemployment, achieve economic growth, increase household incomes, and cut government and private debt, according to the Horizon Research study.

Well hell, I have to admit I share all of those concerns, given I’ve seen very few signs that this government has the faintest clue about what measures should be taken to get NZ out of a steady downward social and economic spiral. Whereas they’ve had plenty of advice from various working groups, the Nats seem strangely determined to remain in rabbit in the headlights mode, and most of the advice has been ignored.

For the first time more people also disapprove of the Government’s handling of the economy than approve. The survey of 1,989 New Zealanders, with a maximum margin of error of +/- 2.2%, finds the following when people are asked if they are confident the Government has adequate plans to deal with each of these issues:

* Reducing unemployment: 75.7% not confident, 18.6% confident
* Achieving economic growth: 62.4% not confident, 28.9% confident
* Reducing Government debt: 68.3% not confident, 24.3% confident
* Reducing private debt: 74.6% not confident, 15.5% confident
* Increasing household incomes: 81.6% not confident, 12.5% confident.

Asked if, overall, the financial position of their household is better or worse than a year ago

* 52.2% say it is worse (13.2% much worse)
* 34.8% say about the same, and
* 12.6% say it is better (1.8% much better), while 0.4% would rather not say.

Asked if they generally approve or disapprove of the job the Government is doing in handling the economy

* 25.5% approve and 39.4% disapprove.

There is one ray of light. Among business decision makers 32.7% approve, while 15.3% disapprove. Overall though, since the last survey in November 2010, there has been an 8.7% drop in approval and 7% growth in disapproval concerning the government’s economic management. This is again slightly less in business circles where there was a 6.7% drop in approval and 1% rise in disapproval.

Link to full poll results.