Not our best poll ever
Communicate Research in the Indie has Labour on 27% (down 4), the Tories on 36% (up 1), the Lib Dems on 22% (up 2), and others on 11% (SNP 4%, GRN 3%, BNP 2%, UKIP 1%, PC 1%).
There's no point pretending this is anything other than awful for Labour.
But it's also not good for the Tories, who despite our mid-term slump are becalmed in the mid-30s and would only just scrape a majority on these figures.
My hunch is that the immediate aftermath of the leadership election could give us enough of a boost to put us back just in front. Translating that into a sustained recovery will depend on whether Brown's policy initiatives are sufficiently bold to capture the public imagination.