New leader will struggle to unite Australia’s Liberals
Tuesday, August 28, 2018
Significance
Morrison takes over from Malcolm Turnbull, who has also resigned his parliamentary seat.
Impacts
- Ideological differences could destabilise the new government and make it difficult to pass legislation.
- With his liberal outlook, Morrison is well regarded by financial markets, but he may have to delay reforms, especially to tax.
- Ministerial changes will disrupt diplomatic and economic relations, at least in the short term.