Under-fire Labour turns sights on bank profits and fuel

Labour faithful were in fine form at the party's annual conference last weekend, but an unflattering political poll on Sunday soon soured the mood. Prime Minister Jacinda Ardern - roused by conference, poll, or both - was quick to question the numbers, and turn attention to banks' high profits. In today's Focus on Politics podcast, RNZ Political Reporter Giles Dexter examines a tough week and a tough poll for Labour - and how it responded." can disagree with something happening, but unless they're willing to change it themselves - and let's be clear, they do have the power to do that - then what are we all here for?" - Brad OlsenLabour faithful were in fine form at the party's annual conference last weekend, but an unflattering political poll on Sunday soon soured the mood. Prime Minister Jacinda Ardern - roused by conference, poll, or both - was quick to question the numbers, and turn attention to banks' high profits. Listen to the full podcast hereThe Newshub-Reid Research poll on Sunday was teased as one that would send a shiver up the spine of one party. The numbers showed fewer than one in three voters planning to back Labour - 32.3 percent - with National and ACT easily able to form a government. It was Labour's lowest level of support since Ardern became leader in 2017. Fresh from announcing a childcare support package at the conference, she instead had to answer questions about her own falling popularity in her Monday interviews. She played down the poll's accuracy in comparison to Labour's own polling - brazenly suggesting its infrequency made it less credible - but other polls tell a similar story: the right outpacing the left. With about a year before the election, no party is popping the bubbly just yet.National's deputy leader Nicola Willis pointed to the fickle nature of polling and suggested the only certainty was the election would be close. The smaller parties had a similar perspective. ACT's David Seymour was encouraged and said it showed there was a mood for a change of government. The Green Party was proud of consistently polling above its 2020 election result, but wanted Labour to spend more of its "enormous" political capital. Te Pāti Māori co-leader Debbie Ngarewa-Packer said her party's work did not change from poll to poll; and Winston Peters - whose New Zealand First at 3.3 percent was inching closer to the 5 percent threshold - was confident. Read more:Ardern asks banks to reassess record profit-making in light of cost-of-living crisisPolitical Editors panel: Poll, Reserve Bank, taxArdern taking Labour's drop in polls 'with a grain of salt'…Go to this episode on rnz.co.nz for more details