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    3. >New Zealand’s ruling party plunges in polls, PM Luxon rules out resigning
    Finance

    New zealand’s ruling party plunges in polls, PM luxon rules out resigning

    Published by Global Banking & Finance Review®

    Posted on March 6, 2026

    2 min read

    Last updated: March 6, 2026

    New Zealand’s ruling party plunges in polls, PM Luxon rules out resigning - Finance news and analysis from Global Banking & Finance Review
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    Tags:FinanceBankingMarketsPoliticsElections

    Quick Summary

    A March 6 Taxpayers’ Union–Curia poll shows New Zealand’s ruling National Party plunging to 28.4%—its lowest since late 2021—and trailing Labour at 34.4%. PM Christopher Luxon, overtaken by Chris Hipkins as preferred PM, dismisses calls to resign and pledges to stay on amid economic challenges.

    New Zealand National Party Polls at 4-Year Low, PM Luxon Rules Out Resignation

    National Party Support Drops Amid Leadership and Economic Concerns

    March 6 (Reuters) - Support for New Zealand’s ruling National party has fallen to its lowest level in more than four years and Prime Minister Christopher Luxon is no longer voters’ preferred leader, polling showed on Friday.

    The monthly Taxpayers’ Union-Curia poll showed support for the conservative Nationals dropped 2.9 points to 28.4%, the worst showing for the party since late 2021.

    Declining Popularity of Luxon and Coalition Government

    Luxon, 55, and his coalition government, which has been in power since the 2023 election, have lost popularity over the past year due to a weakening economy and higher unemployment. The decline exposes the centre-right bloc to strong competition from the Labour party which has seen its polling numbers improve in recent months.

    Speculation Over Luxon's Leadership

    While the poll results fuelled speculation of Luxon’s resignation, he told local media he would "absolutely not" stand aside ahead of a general election on November 7. 

    "We’ve got a lot of work to do and I’ve got skills that are actually very useful at this time when we’re trying to navigate some challenging global environments," he told Newstalk ZB.

    "Our biggest challenge in this country is our economy, and I understand our economy well."

    Coalition Partners' Polling Performance

    The Nationals' coalition partners New Zealand First and ACT polled at 9.7% and 7.5% respectively. 

    Labour Party Gains and Election Implications

    Labour's Rising Support

    LABOUR GAINS GROUND

    Support for Labour rose 0.3 points to 34.4%, while the Greens recorded 10.5% and Te Pati Maori at 3.2%. 

    Potential for Centre-Left Government

    That would translate to 61 seats at the election, enough for the three parties to form government as a centre-left bloc, the poll said. 

    New Zealand has used a mixed-member proportional electoral system since 1996, making coalitions the norm.

    Leadership Approval Ratings

    The poll, which surveyed 1,000 people, also found approval for Luxon fell 1 point to 21%. 

    Labour leader Chris Hipkins gained 4.7 points to 22.7%, overtaking Luxon as preferred prime minister.

    Criticism of Luxon's Policies

    Luxon, the former CEO of Air New Zealand, has faced criticism for some of his policies, including the closure of a separate health authority for indigenous people and a lack of funding increases for frontline employees.

    (Reporting by Christine Chen in Sydney; Editing by Saad Sayeed)

    References

    • New Zealand ruling National Party slides in poll as PM Luxon struggles | The Straits Times
    • Latest poll paints worrying picture for National Party | interest.co.nz

    Table of Contents

    • National Party Support Drops Amid Leadership and Economic Concerns

    Key Takeaways

    • •National Party support has dropped 2.9 points to 28.4%, its weakest since late 2021, while Labour leads at 34.4%—enough for a centre-left majority of 61 seats if replicated in the election (straitstimes.com).
    • •Christopher Luxon’s approval rating fell to 21%, overtaken by Labour leader Chris Hipkins at 22.7%, making Luxon no longer the preferred prime minister ().

    Frequently Asked Questions about New Zealand’s ruling party plunges in polls, PM Luxon rules out resigning

    1Why has support for New Zealand’s National Party declined?

    Support has dropped due to a weakening economy and higher unemployment under the current coalition government.

    2Who is now the preferred Prime Minister in New Zealand polls?

    Labour leader Chris Hipkins has overtaken Christopher Luxon as voters’ preferred Prime Minister.

    3
  • Declining Popularity of Luxon and Coalition Government
  • Speculation Over Luxon's Leadership
  • Coalition Partners' Polling Performance
  • Labour Party Gains and Election Implications
  • Labour's Rising Support
  • Potential for Centre-Left Government
  • Leadership Approval Ratings
  • Criticism of Luxon's Policies
  • interest.co.nz
  • •Despite speculation over his future, PM Luxon ruled out resigning, citing his economic expertise and the need to navigate global challenges ahead of the November 7 general election (straitstimes.com).
  • Did Prime Minister Luxon say he would resign?

    No, Prime Minister Christopher Luxon ruled out resigning and stated he would not stand aside before the election.

    4Which parties are gaining ground according to the latest poll?

    The Labour Party has gained support, alongside the Greens and Te Pati Maori, forming a centre-left bloc.

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