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Australian PM Malcolm Turnbull urges stability after Brexit vote

Opposition Leader Bill Shorten is headed to Sydney’s south in a bid to win back old territory as the government tries to paint Labor as reckless with the nation’s finances.

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The federal government is closely monitoring the fallout from the UK’s decision to leave the European Union and has ordered a high-level report on the consequences for Australia.

The Prime Minister paid tribute to John Howard and, in a nod to the party’s conservative base, Tony Abbott, before turning to the Coalition’s plan to cut company taxes to 25 per cent over 10 years, promote economic growth and pursue new trade agreement.

“Vote for anyone other than the Liberal and National Party candidates, and the risk is that Australians will next week find themselves with Bill Shorten as prime minister – and no certainty about their future”. “Next time you see the Liberal ad where Mr Turnbull says “Medicare funding is guaranteed” you should know that he is lying to your face”. Putting the party view first has been a constant in Turnbull’s election campaign.

“The upheaval reminds us there are many things in the global economy over which we have no control”, Turnbull said in a televised speech in Sydney.

The latest Galaxy poll puts Labor and the coalition on 50-50 but also found that had Mr Abbott held onto power Labor would have convincingly won the election 53-47.

Mr Turnbull said Britain’s exit could take several years to finalise, and Australia’s relations with both Britain and Europe would remain strong.

Targeting people considering a protest vote in the House of Representatives or Senate, Mr Turnbull urged voters not to “roll the dice” on independents or minor parties.

‘John, you set the gold standard leading the most successful and effective government, your reforms set Australia up for the longest period of prosperity in our history, ‘ he said of the second-longest serving prime minister.

“If we don’t, then beware the next election”, Senator Di Natale said.

Labor’s deficits by contrast will be $16.5 billion higher.

He said: “Mr Turnbull says this is the time for stability”.

Treasurer Scott Morrison warned cool heads were required to deal with Brexit, which he believes is a “simple reminder” of uncertainty.

In a 40-minute address to the Liberal and National faithful, the Prime Minister promoted his economic credentials and the need for stability following last week’s Brexit vote.

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“Trying to do it under the cover of the government’s rally, so that tells you as much about what Labor really think about their costings”.

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