Although support levels for the other major parties remains above 20%, the latest Ipsos MRBI shows a significant drop in support for Labour. Support for the party sits at a mere 6 per cent, down 3 points from the last report. The results mark the party's lowest public support rate in over 25 years. You can read more about the opinion poll findings here.

Ivan Yates says the results are “going to send a shockwave through the Labour Party. It may not actually be fair - they have a point in terms of they’re being punished for cleaning up the mess - but in politics there is no fairness.”

You can listen back to Ivan’s analysis via the player above.