Investing.com - Financial Markets Worldwide

Nominations for leader to replace Jacinda Ardern to close shortly

Published 01/20/2023, 02:57 PM
Updated 01/20/2023, 03:02 PM
© Reuters. FILE PHOTO: New Zealand's Prime Minister Jacinda Ardern addresses the Lowy Institute in Sydney, Australia, July 7, 2022. Dean Lewins/Pool via REUTERS

By Lucy Craymer

WELLINGTON (Reuters) - Nominations to replace New Zealand Prime Minister Jacinda Ardern close at 9 a.m. (2000 GMT) and if only one nomination is made then a result is expected Saturday.

Labour's chief whip Duncan Webb said in a statement on Friday that nominations close at 9 a.m. and to be nominated the candidate must receive support from at least 10% of Labour's members of parliament.

© Reuters. FILE PHOTO: New Zealand's Prime Minister Jacinda Ardern addresses the Lowy Institute in Sydney, Australia, July 7, 2022. Dean Lewins/Pool via REUTERS

If there is more than one candidate there will be an election Sunday by caucus -- the 64 Labour law makers in parliament. If a candidate is unable to secure two-thirds of the available votes before Thursday, the leadership contest will go to the wider membership.

The winner will become prime minister until the next general election. Ardern, 42, said Thursday she had "no more in the tank" to continue leading the country, and would step down no later than early February and not seek re-election.

Latest comments

Install Our App
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.