Australian national election will be on May 3, Prime Minister Anthony Albanese has (finally) set the date.
The current government in Australia is centre-left, while the opposition is centre-right.
Australian financial markets are rarely troubled too much by a change in government. The differences between the two sides are rarely vast.
We await official election policies but top-of-mind right now is that:
- the government has promised new income tax cuts
- the opposition, on the other hand, have promised petrol (gasoline) tax cuts
Betting markets currently favour the opposition.
This article was written by Eamonn Sheridan at www.forexlive.com.
