Australian prime minister concedes defeat in election

Published 05/21/2022, 09:05 AM
Updated 05/21/2022, 09:15 AM
© 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

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.

© Reuters. Incumbent Prime Minister Scott Morrison, leader of the Australian Liberal Party, stands next to his wife Jenny and daughters Lily and Abbey as he concedes defeat in the country's general election in which he ran against Labor Party leader Anthony Albanese, in Sydney, Australia, May 21, 2022. REUTERS/Loren Elliott

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.

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.