The stunning election result gives the Albanese government a mandate to do things it promised. But how much further it decides to push with its renewed political capital becomes a key consideration for Labor. Here is the ABC’s national political lead David Speers.
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00:00This was a Labor win for the ages.
00:05Anthony Albanese now has far greater authority as Prime Minister.
00:09His cabinet colleagues are publicly hailing him a hero and privately praising his instincts
00:14on policy, politics and strategy.
00:17The question is, how will this political capital now be used?
00:21The answer?
00:22Carefully.
00:23Labor will proceed with its plans on health, housing and childcare.
00:27The renewable energy transition will continue.
00:30The Treasurer says boosting productivity will be his top priority in a second term.
00:35But there will be no radical change, no going beyond the mandate of the people.
00:40On the other side, radical change is exactly what's required.
00:45Finding a new leader is only the first step for the humiliated Liberal Party.
00:49Susan Lee, Angus Taylor and Dan Tehan are all talking to colleagues and weighing their options.
00:54The more difficult question, what does the party stand for?
00:58Nuclear power?
00:59Lower immigration?
01:00More moderate?
01:01More conservative?
01:02More Trumpian?
01:03Less?
01:04Younger voters and women continue to desert the Liberals.
01:07They need to find a way to reconnect.
01:10Difficult decisions were avoided after the election defeat three years ago.
01:14The party's problems have only worsened since then.