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Why 95% of Traders Fail

Election Forecast 2015 - Debates Boost Labour Into Opinion Polls Seats Lead

ElectionOracle / UK General Election Mar 30, 2015 - 05:39 AM GMT

By: Nadeem_Walayat

ElectionOracle

The Conservatives instant boost of Thursday night (26th March) evaporated within hours as several days on the main beneficiary where the opinion polls are concerned is Labour who have now once more flip flopped into the lead, though most still put both parties virtually neck and neck as clearly the people of Britain are indicating they do not trust either party to govern on their own, perhaps because they have become too similar, and therefore it looks like being a choice between a continuation of the Conservative - Lib Dem Coalition or an Labour - SNP Axis.


For a facts check analysis of David Cameron's debate interview see the following video and accompanying article.

29 Mar 2015 - David Cameron Election 2015 Debate Facts Check - Employment, Immigration, Debt & Deficit

(The facts check analysis of Ed Milliband's debate will be posted once complete).

The following is a list of the current state of seats forecasts by various popular mostly mainstream media funded election sites that are set against my own forecast of 28th Feb 2015.

Market Oracle May2015 .com Electoralcalculus .co.uk ElectionForecast .co.uk The Guardian
 

28th Feb

28th Mar 29th Mar 30th Mar 29th Mar
Conservative 296 271 274 282 275
Labour 262 273 287 281 271
SNP 35 55 48 36 53
Lib Dem 30 24 17 27 25
UKIP 5 3 2 1 4
Others 22 22 22 23 22

The following are individual forecaster trends and my analysis.

May2015.com (New Statesman)

 

MO 28th Feb

28th Mar 21st Mar 12th Mar 5th Mar 26th Feb 10th Feb
Conservative 296 271 274 281 255 270 270
Labour 262 273 271 263 283 271 272
SNP 35 55 55 55 55 56 56
Lib Dem 30 24 24 24   26 25
UKIP 5 3 3 4   4 4
Others 22 22 22        

Are showing a trend towards an increasing Labour seats lead over the Conservatives, currently putting both parties virtually neck and neck.

Electoralcalculus.co.uk

 

MO 28th Feb

29th Mar 22nd Mar 14th Mar 9th Mar 27th Feb 30th Jan
Conservative 296 274 267 262 267 265 265
Labour 262 287 300 301 298 301 297
SNP 35 48 48 46 55 46 50
Lib Dem 30 17 17 17   15 17
UKIP 5 2 1 1   1 1
Others 22 22 22        

Are exhibiting a consistent strong bias towards Labour but which is eroding over time.

ElectionForecast.co.uk

 

MO 28th Feb

30th Mar 22nd Mar 11th Mar 25th Feb 13th Feb
Conservative 296 282 286 295 284 280
Labour 262 281 276 267 279 283
SNP 35 36 39 42 39 37
Lib Dem 30 27 26 24 25 27
UKIP 5 1 1 1 1 2
Others 22 23 22      

After consistently putting the Conservatives in a clear seats lead are now post debates have both parties virtually neck and neck.

The Guardian

 

MO 28th Feb

29th Mar 18th Mar 11th Mar 27th Feb 28th Jan
Conservative 296 275 277 279 276 273
Labour 262 271 269 266 271 273
SNP 35 53 53 52 51 49
Lib Dem 30 25 25 27 27 28
UKIP 5 4 4 4 3 5
Others 22 22 22      

Continues to maintain a marginal advantage to the Conservatives, currently within an extremely tight 2 swing range.

Analysis

The opinion pollsters are all trending in favour of the Labour party which if the trend continues implies that Labour will be the largest party which is contrary to my expectations for the Tories to lead with at least 296 seats.

Another point of difference is that pollsters continue to grossly over estimate the number of seats the SNP will win i.e. typically 50-55, against my expectations for just 35.

Conclusion

In my judgement the opinion polls are wrong as they persistently under estimate the number of seats the Conservatives will actually win and that they could even win an outright majority on May 7th as per my long standing analysis of seats vs house prices trend trajectory that painted a picture for a likely probable Conservative general election victory.

16 Dec 2013 - UK General Election Forecast 2015, Who Will Win, Coalition, Conservative or Labour?

The updated election seats trend graph illustrates that the Conservatives are virtually ON TRACK to achieve the forecast outcome for an outright election victory on a majority of about 30 seats which NO ONE, and I mean no serious commentators / analysts has or is currently advocating.

UK General Election Forecast 2015

In terms of what I actually see as the most probable outcome for the general election, I refer to my in-depth analysis that concluded in the following detailed seats per party forecast:

UK General Election May 2015 Forecast Conclusion

My forecast conclusion is for the Conservatives to win 296 seats at the May 7th general election, Labour 2nd on 262 seats, with the full seats per political party breakdown as follows:

Therefore the most probable outcome is for a continuation of the ConDem Coalition government on 326 seats (296+30) where any shortfall would likely find support from the DUP's 8 seats.

The alternative is for a truly messy Lab-Lib SNP supported chaotic government on 327 seats (262+30+35) which in my opinion would be a truly disastrous outcome for Britain, nearly as bad as if Scotland had voted for independence last September.

Another possibility is that should the Conservatives do better than forecast i.e. secure over 300 seats but still fail to win an overall majority, then they may chose to go it alone with the plan to work towards winning a May 2016 general election.

The bottom line is that the opinion polls do not reflect how people will actually vote on May 7th when they are faced with a stark choice of steady as she goes ConDem government or take a huge gamble on Ed Milliband's Labour party. So in my opinion several millions of voters will chose to play it safe with ConDem which thus is the most probable outcome.

Also available a youtube video version of my forecast:

Ensure you are subscribed to my always free newsletter for in-depth analysis and detailed trend forecast delivered to your email in box.

Source and comments -http://www.marketoracle.co.uk/Article50054.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2015 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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