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Treasurer Josh Frydenberg has backed Prime Minister Scott Morrison despite a sobering result for the Federal Coalition in the latest Newspoll today.

The survey of Australian voters showed support for the Liberals-National Coalition has slumped to the lowest levels since the 2018 Liberal leadership spill.

In the first Newspoll of the year released by News Corp, the primary vote for the Liberal-Nationals has fallen three points to 34 per cent while Labor’s has risen by three points to 41 per cent.

The Coalition is also trailing Labor by 56 per cent to 44 per cent on the two-party preferred vote, the worst result since September 18, shortly after Mr Morrison became prime minister.

But Mr Frydenberg told Today this morning that Mr Morrison was the right person to lead the Coalition into this year’s election.

“Scott Morrison has done a really really good job, in very, very difficult times and he will be the first Prime Minister to go to an election after serving a full term since John Howard,” Mr Frydenberg said.