Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Australian prime minister rules out early election as ratings slump

Published 07/03/2018, 11:23 am
Updated 07/03/2018, 11:30 am
© Reuters.  Australian prime minister rules out early election as ratings slump

MELBOURNE, March 7 (Reuters) - Australian Prime Minister Malcolm Turnbull on Wednesday ruled out an early election, as his popularity ratings slump following a sex scandal between his deputy and a staffer.

Turnbull's conservative coalition has trailed the opposition Labor Party in 28 straight Newspolls, published by The Australian newspaper, while his standing as preferred prime minister has dropped to its slimmest lead over Labor leader Bill Shorten. "Election will be next year, I can assure you. There is no plan, intention or consideration given to doing anything other than having an election at the usual time, which will be in the first half of 2019," Turnbull said at a business summit in Sydney.

Turnbull defended his government's track record, saying it had delivered on its commitment to boost economic growth with more than 403,000 new jobs created last year.

His popularity has fallen amid criticism over his handling of an affair between former deputy prime minister Barnaby Joyce and a member of Joyce's staff.

Joyce was forced to resign last month as leader of the National Party, the junior coalition partner with Turnbull's Liberal Party, and now sits on the backbench.

The coalition holds a one-seat majority in parliament,rendering the decades-old conservative alliance vulnerable to any instability.

Australian politicians are tracking the number of Newspolls in which the opposition outscores the Liberal National coalition, as Turnbull overthrew former Liberal prime minister Tony Abbott after the party lost 30 straight Newspolls.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.