Guest post by, John Kenny, University of East Anglia, and Michael S. Lewis-Beck, University of Iowa, 3rd July 2024.
The snap election for the UK general election takes place tomorrow, with the vote intention polls, as aggregated by the BBC Poll Tracker, showing Labour with an 18 percentage point lead over the Conservatives. This gap indicates a serious Conservative loss. But are these vote intention data that accurate? The question seems worth asking, especially in the context of public opinion polling uncertainties surrounding this, and other previous, snap elections. (See the recent comprehensive review by Stegmaier, Jokinsky, and Lewis-Beck, 2023). An alternative to the vote intention approach to forecasting elections involves the use of structural models, in particular political economy models, which rest on the idea that political and economic fundamentals shape election outcomes. One such model, rolled out in 2001, forecast in advance of the contest the victory of the Labour party in that year (see Lewis-Beck, Nadeau, and Bélanger, 2004).
Continue reading ELECTION POLLS VERSUS THE UK ECONOMY: CONSERVATIVES WON’T CLOSE THE GAP


