A global rating agency warns it will be harder to get the budget back in shape if the change of leadership in Australia leads to policy uncertainty.
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Abbott finally spoke publicly on Tuesday morning, saying his government was not flawless but listing his achievements, said BBC.
Turnbull, a suave former lawyer, has pledged to run a consultative government, in contrast to Abbott’s divisive rule.
Abbott lashed out at the savage nature of modern politics after his sudden toppling by his long-time Liberal Party colleague and rival – who served as communications minister before making the challenge. Abbott had signed a uranium deal with Prime Minister Narendra Modi in New Delhi in September 2014.
The coalition government under Abbott, on the other hand, revoked a carbon-tax that was in effect for two years and introduced a policy of paying industrial polluters a taxpayer-funded incentive of AU$2.55 billion to encourage them to function more appropriately and cleanly. “We have more polls and more commentary than ever before, mostly sour, bitter character assassination”, Abbott told a farewell press conference.
“Although he was following the party line there was always uncertainty as to how strongly Turnbull personally supported that approach and his elevation to the PM spot may allow for an NBN recalibration”. “He will sell the story of the Asian century, the story of integration with China, India and Southeast Asia with Australia a lot better”.
Talking to Nine Network, she said how Tony Abbott was “visibly upset” when he was first told about the leadership challenged and remained calm until the result of the vote.
“I’m not into blaming the media… but I do think we are living in a more super-charged, frenetic top-of-the-head environment – it is different”, he said.
He staged a leadership coup on Monday afternoon, culminating in a Liberal Party room vote that he won 54-44.
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On the domestic front, growth has slowed down in Australia, down to 0.2%in the April-June quarter from the quarter before. Both are middle-aged white men who attended prestigious Sydney schools before becoming Rhodes Scholars at Oxford University. Labour came to power under Kevin Rudd at elections in 2007, only to dump him for his deputy Julia Gillard in 2010 months ahead of elections.
