Opinion polls this morning have created two conflicting pictures of public attitudes towards the federal budget and its $140 billion in tax cuts over the next decade.

The Sydney Morning Herald’s Fairfax/Ipsos poll has found that Labor now leads the Coalition 46-54%, and has increased its primary vote from 34% to 37% over the past five weeks. While 38% of respondents believed they would be better off under the Coalition’s federal budget, the poll also found that 57% of people would prefer funds to be used to pay off government debt and only 37% preferred the income tax cuts.