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Bill Shorten has & # 39; powerful vested interests & # 39; accused of Labor's election loss

Bill Shorten blames & # 39; powerful vested interests & # 39; that Labor has lost the non-closable elections

  • Bill Shorten has & # 39; powerful vested interests & # 39; blamed the loss of Labor for the elections
  • He said corporate giants had campaigned against opposition with attack ads
  • Labor campaign to scrap negative gearing and franking credits for pensioners
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Bill Shorten has & # 39; powerful vested interests & # 39; accused of Labor's election loss.

For the last time he urged the opposition leader, Mr. Shorten, to join the Caucus of Labor in Canberra, he welcomed the re-election of the coalition for a third consecutive period.

& # 39; Of course we were in revolt against corporate leviathans, the financial colossus, spending unprecedented hundreds of millions of dollars, advertising, telling lies, spreading fear, & # 39; he told the party room meeting in Parliament House.

& # 39; They got what they wanted. Powerful, vested interests were campaigning against us. & # 39;

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Bill Shorten has & # 39; powerful vested interests & # 39; accused of Labor's election loss

Bill Shorten has & # 39; powerful vested interests & # 39; accused of Labor's election loss

Labor lost four seats in this month's election, despite being the favorite of opinion polls and gambling markets.

It went to the election campaign to scrap the negative gearing tax benefits for existing properties from January 2020 and stop shares that pensioners who do not have income tax receive from receiving franking credits.

Mr. Shorten came close to winning the 2016 election against former Prime Minister Malcolm Turnbull, despite the promise to reverse the negative gearing.

But on May 18, he fell back against new Prime Minister Scott Morrison and became the first Labor leader since Kim Beazley lost two consecutive elections in 2001.

His replacement, Anthony Albanese, of the left-wing party, was unopened elected Labor & # 39; s new leader at Thursday's party conference.

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Mr. Shorten, who comes from the party's ideological law, congratulated his successor but wished him no luck.

. [TagsToTranslate] Dailymail