Palmer says ALP preferences save Libs

Clive Palmer says the Labor party has saved the Coalition from losing seats to PUP candidates. Source: AAP

TONY Abbott and Malcolm Turnbull would loose their seats to candidates from the Palmer United Party (PUP) if Labor wasn't saving them with preferences, Clive Palmer says.

The opposition leader holds the northern Sydney seat of Warringah on a margin of 13.1 per cent and his communications spokesman enjoys a healthy margin of 14.9 per cent in Wentworth, the electorate he holds in the city's affluent east.

But Mr Palmer reckons polling in their seats shows his candidates - construction business and restaurant owner Brodie Stewart in Warringah and Bondi businesswoman Marsha Foxman in Wentworth - would in fact win the seats with Labor preferences.

So the Liberals sought preferences from the Labor party to save the pair, Mr Palmer said.

"Labor decided to save Tony Abbott and to save Malcolm Turnbull and give them the preferences," he said in Sydney on Saturday.

"A vote for Labor in Warringah or Wentworth is a vote for the Liberal party."

The preference deal proves PUP is a serious threat to the two big parties, the mining magnate added.

"It's quite extraordinary the Labor party would move to save Tony Abbott and to save Malcolm Turnbull from defeat at this next election."

Mr Palmer said preferences from his party would first go to fellow Queenslander Bob Katter's Australian Party, then Family First before the Liberals and Labor.

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