(Bloomberg) – Anthony Albanese, who is set to become Australia’s next prime minister after a close-knit election, faces a major challenge to take office. From accelerating inflation to tackling China, here’s how he can tackle these issues.
China and other powers
The Albanian Labor Party has chosen to take a tougher line on China as the election progresses. “The Chinese Communist Party has changed, it is leaning more forward, it is more aggressive,” he said in a May 8 debate with leaders. “That means Australia must respond.” He also declined to say whether he was ready to take a phone call from Chinese President Xi Jinping.
Nonetheless, his team has less vocal voices calling for dialogue with Australia’s largest trading partner on issues such as climate change. Immediately, Albanese is heading to Tokyo on May 24 for a Quad meeting in Tokyo – one of Australia’s main security partners – to review its commitment to work with key allies, including India, Japan and the United States, to counter China’s influence.
China is just one of the headaches facing Australia’s next prime minister
Albany seeks better relations with the Pacific nation and Indonesia, the largest economy in Southeast Asia, as a key pillar of its foreign policy. He says he wants to expand “people-to-people” partnerships and engage with Jakarta in areas such as maritime security. He promised to visit the country, which he said was destined to be one of the first foreign destinations to take over after taking power.
Inflation and the economy
The Albanians cited the rising cost of living as the main issue in his attack on the outgoing coalition government, which he accused of being “out of touch”. While he has promised tax cuts, built more homes and reduced childcare costs, it remains to be seen how well he will be able to cope with rising inflation driven by external factors such as the war in Ukraine.
He made the buzz in the campaign when he promised to support a 5.1% increase in Australia’s minimum wage at the same pace as inflation. He later qualified for his remarks, saying he would support such a policy only for Australians on the minimum wage.
It also declined to say whether it would cut spending to curb labor inflation, although the new prime minister is promising a national budget later in the year where an audit of government spending is planned. They acknowledged that their economic plans at this stage would widen the budget deficit and add A $ 7.4 billion ($ 5.2 billion) to the deficit in four years, arguing that increased spending would improve productivity.
Labor has promised to reduce emissions by 43% by 2030, down 26% from the 2005 level by the same date as the outgoing Premier Scott Morrison’s previous target, and has promised to update Australia’s commitment to the United Nations to reflect this. Ambition Although Albanese argues that it will bring Australia in line with countries including Canada, South Korea and Japan, it remains less ambitious than promised by the United States, the European Union and the United Kingdom. He also denied implementing a carbon tax.
While Albany has promised to invest A $ 20 billion in an effort to raise the proportion of renewable energy in the main grid to 82%, coal remains a huge elephant. It is responsible for more than half of the country’s electricity generation and is a major source of export earnings.
The labor plan includes a gradual reduction in the baseline set under Australia’s security system, which requires the largest pollutants to offset emissions above a certain threshold. So far, labor leaders have argued for a faster exit for local coal power plants than the previous alliance, but have stopped announcing further limits in the sector.
Equality and women
The Albanian Labor Party has gained something because of its increased support for women, its outrageous manifestations of misconduct, and its resentment of a culture that normalizes sexual violence in politics. His platform argues for the creation of a new commissioner to speak on behalf of victims of domestic and sexual violence, to strengthen the law on sex and abuse, and to include 10 days’ pay in domestic and domestic violence leave legislation.
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