Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Australia ousts conservatives after nine years, Albanese to be PM

Economic Indicators May 21, 2022 21:58
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
4/4 © Reuters. Voters line up outside in the rain at the Waverley suburb polling station to cast their ballots on the day of the national election in Sydney, Australia, May 21, 2022. REUTERS/Jaimi Joy 2/4

By Byron Kaye and Lincoln Feast

SYDNEY (Reuters) -Australia's Labor Party was set to end almost a decade of conservative rule as the government was swept away in Saturday's election by a wave of support for candidates who campaigned for more action on climate change and may hold the balance of power.

Partial results showed that while Labor had made small gains, Prime Minister Scott Morrison's Liberal-National coalition had been punished by voters in Western Australia and affluent urban seats in particular.

The Greens and a group of so-called "teal independents", who campaigned on policies of gender equality and tackling climate change, put on a strong showing, tapping voter anger over inaction on the environment after some of the worst floods and fires to hit Australia.

"Tonight, I have spoken to the leader of the opposition and the incoming prime minister, Anthony Albanese. And I've congratulated him on his election victory this evening," said Morrison.

Albanese, speaking as he headed to his party celebrations, said he wanted to unite the country and "end the climate wars".

"I think people want to come together, look for our common interest, look towards that sense of common purpose. I think people have had enough of division, what they want is to come together as a nation and I intend to lead that."

Albanese said he aimed to be sworn in swiftly so he could attend a meeting of the Quad security grouping in Tokyo on Tuesday. He promised constitutional recognition and parliamentary representation for Indigenous Aboriginals, as well as the establishment of an anti-corruption commission.

MINORITY GOVERNMENT POSSIBLE

In results so far, Labor had yet to reach the 76 of the 151 lower house seats required to form a government alone. Final results could take time as counting of a record number of postal votes is completed.

With 60% of the vote counted, Labor had 72 seats and Morrison's coalition 55. Independents and the Greens held 11, the Australian Broadcasting Corp projected. A further 13 seats remained in doubt.

The centre-left Labor had held a decent lead in opinion polls before the election, although surveys showed the Liberal-National government narrowing the gap in the final stretch of a six-week campaign.

TURNING TEAL

In one of the biggest hits to the government, Treasurer Josh Frydenberg said it would be "difficult" for him to hold the long-held Liberal seat of Kooyong in Melbourne against an independent newcomer.

Three volunteers working for teal independent Monique Ryan, who was challenging Frydenberg, said they joined Ryan's campaign because they were concerned about the climate for the sake of their children and grandchildren.

"For me, it's like this election actually feels hopeful," Charlotte Forwood, with three adult children, told Reuters.

With Morrison stepping down as party leader and Frydenberg likely to lose his seat, Defence Minister Peter Dutton - a former policeman from Queensland - was shaping up as favourite to lead the Liberals.

Early returns suggested the Greens had made ground, looking to pick up to three seats in Queensland.

Greens leader Adam Bandt, who retained his inner city Melbourne seat, said climate was a major issue for voters.

"There was an attempt from Labor and Liberal to bury it, and we were very clear about the need to tackle climate by tackling coal and gas."

Morrison and Albanese earlier cast their votes in Sydney after making whistle-stop tours across marginal seats in the final two days of a campaign dominated by rising living costs, climate change and integrity.

As Labor focused on spiking inflation and sluggish wage growth, Morrison, a strong supporter of Australia's coal industry, made the country's lowest unemployment in almost half a century the centrepiece of his campaign's final hours.

UK Prime Minister Boris Johnson offered Albanese his congratulations.

"Our countries have a long history and a bright future together. As thriving, like-minded democracies we work every day to make the world a better, safer, greener and more prosperous place."

Australian election on Saturday: What you need to knowFACTBOX-Australian democracy at a glance FACTBOX-Policies of Australia's political parties at a glance GRAPHIC-Australia's outgoing parliamenthttps://tmsnrt.rs/3yKsiGJBREAKINGVIEWS-Drought of economic ambition blots Aussie electionFACTBOX-Climate policies of Australia's major partiesINSIGHT-After fires and floods, climate-conscious independents could determine Australian election

Australia ousts conservatives after nine years, Albanese to be PM
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Tudor Cirstea
Tudor Cirstea May 22, 2022 4:55
Saved. See Saved Items.
This comment has already been saved in your Saved Items
so the government that imposed the covid-dictatorship is out...what a surprise
Harry Baker
Harry Baker May 22, 2022 2:54
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is sad. The socialists will proceed to wreck Australia's economy.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email