Support for Fianna Fáil has collapsed to an unprecedented low in the wake of the revelation about the costs of the banking rescue and as expectations of a severe budget grow.
The latest Sunday Business Post/Red C monthly tracking poll shows that support for Fianna Fáil has fallen by 6 points since the last poll a month ago and now stands at 18 per cent - by far the party’s worst result ever in this series.
Support for the party had been stable, though low, since the start of the year, but this month’s numbers show it has been pushed into a distant third, and faces losing half of its seats at a general election.
Labour’s support jumps by four points and now stands at 27 per cent, equalling its record high.
The party enjoys a commanding lead in Dublin.
Fine Gael sees its support increase by one point to 32 per cent and retains its position as the most popular party nationally. The Green Party also sees support increase by a point.
Though Fine Gael and Labour are on course to form the next government, just 25 per cent of voters say they have confidence in the parties to manage the public finances, a five-point decline since last month. A majority of voters (55 per cent) say they now want to hear how Fine Gael and Labour would cut the deficit.
Almost half (45 per cent) say they would prefer cuts in public services to tax increases, while a third (33 per cent) disagree.
The poll was conducted among over 1,000 voters nationwide last Monday, Tuesday and Wednesday.
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