Murray Olds: Australian correspondent on Australia's opposition coalition splitting up after election loss

Australian's opposition has split - officially ending the Liberal-National coalition.

National leader David Littleproud has confirmed his party will stand apart from Sussan Ley's Liberals, but he's leaving the door open. 

The coalition had an election thrashing this month.

Leader Peter Dutton lost his seat and Labor Prime Minister Anthony Albanese scored a second term. 

Australian correspondent Murray Olds unpacks what this means for both parties going forward.

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Episode Transcript

Speaker 1 (00:00):
Murriold's Ossie correspondents with that Amas, very good afternoon, Eaver thanky.
So what's going on with the Nationals. Well, it's a
bit of the case of the tail wagging the dog.
I mean the last election they were flogged, not the
Nationals per se. The Nationals in fact hung under their
nine seats. But when I explained that, the Liberals, even
though they were absolutely creamed by Labor, they've still got

(00:23):
in the low thirties. So it's very much the tail
wagging the dog, or attempting to here after every election.
The coalition agreement which has survived in its current form
I think since the Second World War. It's been around
for about one hundred years. They've had a couple of
three breakups previously. So after the election shellacking, the deal

(00:45):
that holds them together was to be renegotiated. Well, David
little Proud, hang on a second, we've hung under all
our seats, you clowns. The Liberal Party have lost so many.
Labour's got ninety three seats in the House, the Coalition
forty three. It's a fifty seat Argent. So anyway, the
Nationals went end of the talks with Susan Lee who's
the new Liberal leader, of course, the first female Liberal leader.

(01:08):
And they said, well, have I guess what we've done?
Pretty well? We want more representation on the shadow ministry
front bench. We want some of our policies to be
drafted in as coalition policy, namely, for example, met zero,
scrap that by twenty fifty. And by the way, we
really love nuclear reactors. Well, Susan Lee said, excuse me,

(01:29):
there's the door. Don't let it bang on the bum
on the way out. So David little browd stood up
there like a bandam rooster going cluck cluck, cluck, cluck cluck.
I mean, he's just there. He's been plucked, he's got
no feathers to fly with, and he's got his bully
bully boys and girls behind him. It's just a farce.
It's a complete fast. I think both sides are forgetting
that neither can govern without the other. I mean, that's

(01:51):
just the bald facts of political life over here. So
the sooner they get back in bed, the better. How
do you see what the RBA has done, Yeah, they have.
The below US has been now the official cash rate
in Australia for two years. Since May twenty twenty three.
It's the second cup this year by the Reserve Bank
of Australia. The cash rate now, the official interest rate
in the country is now three point eight five percent.

(02:14):
Every economist was tipping it was going to be exactly that.
Very welcome news obviously for Australian mortgage holders and for
the government which wants to get the economy moving along
while keeping a decent, you know, a tight rerain on inflation.
There are other factors that play as well that would
have been factored in by the Reserve Bank and the governor.
You've got things, you know, the American China upheval, what's

(02:38):
you know, the global trade situation, what's that going to
be like? And they're also the interest rate on ten
year government debt in the United States that's rising four
percent a minute ago, now four and a half. How's
that going to impact world trade and the world economy.
So there are many many balls up in the air
over here. But suffice to say it's a modest cup
if you've got a standard mortgage and great optics the government.

(03:00):
How stoked do you reckon elbow? Is that the Pope
has blessed as beads. Only a lot those that rosary
belonged to his mum. Oh is it? And oh yeah?
And I mean his mum, Mary Anne, a lifetime Catholic,
very devout. I'm I'm sure young Elbow was all that devout.
He was raised by his mom, as we all know it.
A government in a state, a state government flat in Sydney,

(03:24):
and for him to be there not only at the
papal the first papal mass with Pope Leo, but then
to be granted a private audience that wasn't given to
every world leader, and then to have the hutzpah or
you know, the humility to say, listen, while I'm with you,
these are my mum's rosary beads. Would you bless them
for me? Please? And the Pope, being the good sort

(03:45):
of guy that he is, he said, of course, and
so he's blessed them. So I'm sure Anthony Eldeneasy, the
Australian Prime Minister, is very very happy. Indeed, I bet
he's absolutely Thank you mothers always, it's Murray Old's are
Australia Corresponds. For more from Hither Duplessy Allen Drive listen
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