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Australian prime minister concedes defeat in election

Economy May 21, 2022 09:15AM ET
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2/2 © Reuters. FILE PHOTO: Australian Prime Minister Scott Morrison attends the third leaders' debate at the Seven Network Studios during the 2022 federal election campaign, in Sydney, Australia May 11, 2022. Mick Tsikas/Pool via REUTERS 2/2

SYDNEY (Reuters) - Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete the opposition Labor party looked likely to form a government.

"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," Morrison said at a televised speech in Sydney.

Morrison added that he would stand down as leader of the Liberal party.

The capitulation ends eight years and nine months in power for Morrison's conservative coalition. Morrison became prime minister in 2018 after several leadership changes.

Australian prime minister concedes defeat in election
 

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Comments (10)
Brad Albright
Brad Albright May 21, 2022 6:02PM ET
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What? He didn't direct his supporters to stop the proceedings? Didn't he direct the authorities to find more votes for him?
Rubber Necker
Rubber Necker May 21, 2022 1:54PM ET
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Send this useless eater cattle out to pasture
Forex Harbingers
ForexHarbingers May 21, 2022 11:08AM ET
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dude is no conservative and everyone knows it
Matt Goodwin
Matt Goodwin May 21, 2022 10:50AM ET
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Lol there is nothing conservative about how this guy handled Covid, and everything else over 8 years. Stop trying to spin it so it looks like consevatives are losing. This dude is a liberal. His policies were right in line with democrats. More misleading from our “trusted” news sources.
Johnny Crash
Johnny Crash May 21, 2022 10:49AM ET
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Wow, this nаzl finally gone with his forced vaccinations and covid camps. Now a tribunal
Shep De
Shep De May 21, 2022 10:21AM ET
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This will be happening all over, change of direction, not good to be in power of a country now because things plummeting
Tom Scurlock
Tom Scurlock May 21, 2022 10:02AM ET
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I don’t kniw anything about Australian politics… so what am I missing. The article mentions… Morrison will stand down as the Leader of the Liberal Party, But then is says…. Ends the power of Morrisons conservative coalition. What????? Those two statements contradict themselves.
Brad Albright
Brad Albright May 21, 2022 10:02AM ET
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Refer to your first sentence.
Edward Chong
Edward Chong May 21, 2022 9:37AM ET
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good riddance like i always say. useless leader.
Neeraj Singh
Neeraj Singh May 21, 2022 9:17AM ET
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Impact on markets on Monday?
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John Martin
John Martin May 21, 2022 9:17AM ET
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San Gog none. No one gives ***** about australia
San Gog
San Gog May 21, 2022 9:17AM ET
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John Martin  I agree - I would give Australia max 4 stars
Márcio Ramos
Márcio Ramos May 21, 2022 9:17AM ET
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Shep De
Shep De May 21, 2022 9:17AM ET
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yes, it shows markets world leadership in these times is changing.macron got lucky Europe not in recession til late 2022
Brad Albright
Brad Albright May 21, 2022 9:17AM ET
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Did Victor Orban get lucky too?
Neeraj Singh
Neeraj Singh May 21, 2022 9:17AM ET
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Impact on markets on Monday?
Márcio Ramos
Márcio Ramos May 21, 2022 9:17AM ET
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you will get rich!!!Buy the dip. haha
 
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