Prime Minister Julia Gillard's credibility as an economic manager has collapsed since she backflipped on imposing a carbon tax, according to the latest Newspoll.
The poll, taken last Saturday and published in The Australian, shows that voters think Opposition Leader Tony Abbott is a better bet at getting the economy moving again.
Mr Abbott now has a nine-point lead over the prime minister on the question of who is more capable of handling the economy - a complete turnaround of Ms Gillard's lead over Mr Abbott in August 2010.
Ms Gillard's economic rating has fallen by 14 percentage points since August 2010 from 48 per cent to 34 per cent while Mr Abbott has gained three points to 43 per cent.
The survey also revealed that Treasurer Wayne Swan is struggling in the economic credibility department and is now neck and neck with his opposite number Joe Hockey as the person seen as the most capable federal treasurer.
As job losses mount around the country and banks lift interest rates despite the Reserve Bank holding the cash rate steady, the federal government's economic standing is dropping away.
Mr Swan's standing as the man steering the wheel of the economy is also under pressure.
He leads his counterpart Mr Hockey by a bare point - 38 per cent to 37 per cent.
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