There was much hand-wringing at around 10pm last night, as the final YouGov MRP model arrived, showing a dramatic narrowing and the theoretical Tory majority slashed from 68 to 28.
Every election, the polling world tries to correct for the errors of the previous cycle, and usually end up over-correcting. Last time, it was the YouGov MRP model that was much-derided and ignored, and ended up being eerily accurate; so this time, everyone is taking the YouGov MRP as gospel.
The trouble is, what the result most powerfully shows is really how astonishingly small changes in the vote share can produce totally different results. The previous YouGov model had the Conservatives on 43% and Labour on 32%, ending up with a majority of 68; the new model showing a majority of 28 has the Conservatives still on 43% and Labour on… 34%. This small change means 21 more Labour seats and a totally different world. But look at how many of those Labour seats only just get over the line since the previous model:
A tiny movement in the other direction and all those bottom seats can go blue again.
Two weeks ago, when the first YouGov model came out, I wrote:
Well, that seems to have happened, or nearly. The momentum could continue today or go in the opposite direction. Literally nobody can know, and it would be foolish to predict.
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