More Woes For Britain's Tories

The bad news just keeps coming for Britain's Conservative Party leader Michael Howard. A recent poll by agency Populus Ltd. predicted another victory for the Labour Party in parliamentary elections expected on May 5. Only 33% of Britons will vote for the Conservatives, vs. 38% for Labour, Populus says. Howard didn't improve Tory chances with his Jan. 17 pledge to slash taxes by just $7.5 billion if the Conservatives win. Critics called the tax cut, which amounts to less than 1% of estimated 2005 tax receipts, much too small. Backbenchers aren't pleased with Howard's leadership. On Jan. 16, Conservative MP Robert Jackson defected to Labour, calling the Tory agenda "incoherent."

Edited by Rose Brady

    Before it's here, it's on the Bloomberg Terminal.