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Australia's Prime Minister Anthony Albanese wins second 3-year term
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....ustralia's Prime Minister Anthony Albanese wins second 3-year term<BR>PTI News<BR>Dated:- 3-5-2025<BR>PTI<BR>Melbourne, May 3 (AP) Anthony Albanese claimed victory as the first Australian prime minister to clinch a second consecutive three-year term in 21 years on Saturday and suggested his government had increased its majority in the next Parliament by not modelling itself on US President Donald ....
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....Trump's administration. “Australians have chosen to face global challenges the Australian way, looking after each other while building for the future,” Albanese told supporters in a victory speech in Sydney. “We do not need to beg or borrow or copy from anywhere else. We do not seek our inspiration overseas. We find it right here in our values and in our people,” he added. His centre-le....
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....ft Labour Party had branded Albanese's rival Peter Dutton, the opposition leader, “DOGE-y Dutton” and accused his conservative Liberal Party of mimicking Trump and his Department of Government Efficiency. Dutton had earlier conceded his alliance of conservative parties had been defeated at the election and that he had lost his own parliamentary seat that he had held for 24 years. Labour had ....
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....held a narrow majority of 78 seats in the 151-seat house House of Representatives, the lower chamber where parties form governments. Australian governments are usually elected for at least a second term, but are expected to lose seats at the second election. But Labour is on track to increase its majority in its second term. High prices are a major election issue Energy policy and inflation ha....
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....ve been major issues in the campaign, with both sides agreeing the country faces a cost of living crisis. The Liberal Party blames government waste for fuelling inflation and increasing interest rates, and has pledged to axe more than one in five public service jobs to reduce government spending. While both say the country should reach net-zero greenhouse gas emissions by 2050, Dutton argues tha....
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....t relying on nuclear power instead of renewable energy sources such as solar and wind turbines would deliver less expensive electricity. Labor argues Dutton's administration would slash services to pay for its ambitions to build seven government-funded nuclear generators. Australia currently has no nuclear power. The election took place against a backdrop of what both sides of politics describe ....
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....as a cost of living crisis. Foodbank Australia, the nation's largest food relief charity, reported 3.4 million households in the country of 27 million people experienced food insecurity last year. That meant Australians were skipping meals, eating less or worrying about running out of food before they could afford to buy more. The central bank reduced its benchmark cash interest rate by a quarte....
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....r percentage point in February to 4.1 per cent in an indication that the worst of the financial hardship had passed. The rate is widely expected to be cut again at the bank's next board meeting on May 20, this time to encourage investment amid the international economic uncertainty generated by Trump's tariff policies. Both campaigns have focused on Australia's changing demographics. The election....
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.... is the first in Australia in which Baby Boomers, born between born between the end of World War II and 1964, are outnumbered by younger voters. Both campaigns promised policies to help first-home buyers buy into a property market that is too expensive for many. (AP) GSP<BR> News - Press release - PIB....