Australia prime minister sets general election for May 21

Australia prime minister sets general election for May 21


Australia has called for a national election on May 21, as Prime Minister Scott Morrison’s three-year term nears its end.

Steven Saphore | AFP | Getty Images

Australia will hold a general election on May 21, Prime Minister Scott Morrison said on Sunday, triggering a campaign expected to be fought over cost-of-living pressures, climate change and questions of trust and competence of the major parties.

Morrison played up economic uncertainties and security threats in announcing the election, saying this was not the time to hand the reins to an untested opposition Labor leader, Anthony Albanese.

“Only by voting for the Liberals and Nationals at this election on May 21 can you ensure a strong economy for a stronger future,” Morrison told reporters in the capital Canberra.

The opposition Labor party says it would offer a better economic alternative for the Australian people.

Morrison’s conservative coalition trails Labor in opinion polls after nine years in power. But he similarly lagged before the previous election in May 2019, when he pulled off a win.

In an opinion piece setting the stage for the election, Morrison said despite the wide range of challenges Australians have faced since the last election — including fires, floods, and the Covid-19 pandemic – the country has held up much better than others.

“But I know our country continues to face very real challenges and many families are doing it tough,” he said.

He said Labor would weaken the country’s economy with higher taxes and deficits at a time when the country has led most others in recovering from the pandemic slump.

“Now is not the time to risk that,” Morrison said on Sunday.

Labor leader Albanese highlighted that food, fuel, child care and health care costs had jumped while wages had stayed flat since the conservative coalition took office in 2013, and said a Labor government would ease pressure on family budgets.

“So when you cringe next time you pay your supermarket bill, remember it was the Morrison government that went out of its way to keep a lid on your pay packet,” Albanese said in an opinion piece released on Saturday.

Albanese is due to speak to media at 0345 GMT.



Source

European stocks open in positive territory as trade uncertainty lingers; Munich Re drops 5%
World

European stocks open in positive territory as trade uncertainty lingers; Munich Re drops 5%

German reinsurers take 1.4-billion-euro hit from LA wildfires German reinsurers posted losses of more than a billion euros on the back of the Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said it took a loss of about 800 million euros ($889 million) in the first quarter of 2025 due to the wildfires […]

Read More
Investment banks lift China growth outlook after surprise trade deal with U.S.
World

Investment banks lift China growth outlook after surprise trade deal with U.S.

The Chinese national flag fluttering with the Lujiazui Financial District in the background. Vcg | Visual China Group | Getty Images Financial institutions are rethinking their China calls after a surprise trade truce between Washington and Beijing, raising both the country’s growth forecasts as well as stock market outlooks. On Monday, the U.S. and China […]

Read More
U.S.-China tariff reprieve is enough to get products on the shelves in time for Christmas
World

U.S.-China tariff reprieve is enough to get products on the shelves in time for Christmas

A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year […]

Read More