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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.

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