Lord Ashcroft Poll Finds Labour's Deficit Denial Could Cost Miliband Election

Lord Ashcroft Poll Finds Labour's Deficit Denial Could Cost Miliband Election PR Newswire LONDON, November 21, 2012 LONDON, November 21, 2012 /PRNewswire/ -- Labour's poll lead is softer than it appears because of swing voters' concerns for the country's finances if the party returned to government, according to new polling by Lord Ashcroft KCMG PC. Four in ten voters who have switched to Labour since 2010 fear that another Labour government might "spend and borrow more than the country could afford". More than half of all voters say Labour have failed to learn the right lessons from what went wrong during their time in office. At the same time, many of those who supported a different party at the last election but now say they would vote Labour - especially those who have lost out through austerity - believe that a Labour government would reverse many of the cuts. Those who would consider Labour but have not yet switched are more likely than others to think the party has failed to learn its lessons, especially on spending and borrowing. The findings are set out in Lord Ashcroft's latest research report Project Red Alert, which is published today. The research presents Labour with a strategic dilemma, according to Lord Ashcroft. In his commentary on the results, published on the Conservative Home website today, he says: "Ed Miliband has a choice.