The Tories are losing the election and the plot; Labour could yet win the election!

With the publication of every opinion poll, the chances of a Conservative victory in May become more remote.  Tonight’s ICM poll for the Guardian puts the Tories on 37% (down 3%), Labour on 30% (up 1%) and the Lib Dems on 20% (down 1%).

It appears that any immediate harm caused by Bullygate has been off-set by the Piers Morgan effect. And there is a sense that people are feeling that the alleged bully is, in fact, the bullied.

It now looks that we are heading for a hung parliament.  That’s not great for the economy, but better than having Chancellor George Osborne.

What is most fascinating about this poll are the underlying trends. The Tories have also lost ground on key policy issues, not least the economy, and also appear to be losing their campaign against Labour’s so-called death tax. Labour leads the Tories by eight points as the party with the best policy on care for the elderly.

The negative campaigning of the Tories is proving to be counter-productive. 

The possibility of Labour win in May should not be ruled out. It was always likely that, when faced with entrusting Cameron and Osborne with their financial future and that of the country, the voters would lose confidence, prefering to go with Brown and Darling.  Cameron and Osborne look lightweight by comparison.  They really don’t have it.