Labour Gains in Latest U.K. Polls as Conservative Support Falls

Ed Miliband’s opposition Labour Party gained support in the latest polls while Prime Minister David Cameron’s Conservatives fell behind as the U.K. prepares for what could be the tightest general election in decades.

Between 33 percent and 37 percent of voters will support Labour on the May 9 poll while up to 31 percent will vote for the Conservatives, according to data from TNS, Survation and Panelbase. Support for Labour climbed in each of the tallies and fell for the Tories, the data show.

Cameron, 48, and Miliband, 45, are battling for votes as polls show that neither will get enough to form a majority government amid a swelling of support for smaller groups including the Scottish Nationalist Party. The Tories this week criticized Miliband’s 2010 bid for the Labour leadership against his older brother David while Miliband pledged to end a tax loophole used by the wealthy.

“A loss of trust in traditional institutions combined with major social change –- including economic growth without wage inflation –- is resulting in a Britain in flux,” Michelle Harrison, head of political and social practice at TNS, said in an e-mailed statement. “We continue to face a result where no one party secures an overall majority.”

Gamblers are wagering that a Labour minority government is the most likely outcome, according to Betfair Group Plc. That outcome has odds of 9-to-4, so a bet of four pounds would win nine pounds, while odds on a Conservative minority government are 3-1, the company said in a statement.

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