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Standard & Poor's lowers Australia's credit outlook from stable to negative – politics live | |
(35 minutes later) | |
3.00am BST | |
03:00 | |
Here is a snippet from the S&P statement: | |
2.57am BST | |
02:57 | |
Standard and Poor's moves Australia's credit outlook from stable to negative | |
The ABC is reporting credit ratings agency Standard & Poor’s has lowered Australia’s credit outlook from stable to negative on its triple A credit rating “as the political uncertainty extends”. | |
So the key point here is it is not a lower credit rating but it is a warning that the credit rating is on watch. | |
Updated | |
at 2.59am BST | |
2.48am BST | |
02:48 | |
Great kid. | |
2.27am BST | 2.27am BST |
02:27 | 02:27 |
If they speak, Xenophon says will talk to Katter about the following: manufacturing jobs, boosting the agricultural sector, “how do we ensure that the regions develop, how to ensure that manufacturing in this country is not hollowed out”. | If they speak, Xenophon says will talk to Katter about the following: manufacturing jobs, boosting the agricultural sector, “how do we ensure that the regions develop, how to ensure that manufacturing in this country is not hollowed out”. |
2.24am BST | 2.24am BST |
02:24 | 02:24 |
Nick Xenophon says his focus is the steel industry. | Nick Xenophon says his focus is the steel industry. |
Q: Do you believe the budget will have to be radically overhauled given the make-up of the Senate and many of these measures may not get through? | |
I think the inevitable consequence of the election result – and this affects both sides of politics – is to to move the country to the political centre. I think that is a good thing. | |
Updated | Updated |
at 2.38am BST | |
2.19am BST | 2.19am BST |
02:19 | 02:19 |
John Howard is speaking on the Chilcot report at 1pm. | John Howard is speaking on the Chilcot report at 1pm. |
Updated | Updated |
at 2.24am BST | at 2.24am BST |
2.14am BST | 2.14am BST |
02:14 | 02:14 |
Nick Xenophon has said he is keeping in touch with other crossbenchers including Bob Katter and Jacqui Lambie. | Nick Xenophon has said he is keeping in touch with other crossbenchers including Bob Katter and Jacqui Lambie. |
He wants a “clear national interest test when it comes to our foreign investment”. | He wants a “clear national interest test when it comes to our foreign investment”. |
He makes the point that any deal he makes with Malcolm Turnbull would be in consultation with Rebekha Sharkie: | He makes the point that any deal he makes with Malcolm Turnbull would be in consultation with Rebekha Sharkie: |
Unlike some other micro-parties we have seen in the parliament, we do things differently. We have a strong consultative approach. | Unlike some other micro-parties we have seen in the parliament, we do things differently. We have a strong consultative approach. |
(This goes to previous criticism of Xenophon caucusing “in the mirror” while shaving. This is the new Nick.) | (This goes to previous criticism of Xenophon caucusing “in the mirror” while shaving. This is the new Nick.) |
Updated | Updated |
at 2.20am BST | at 2.20am BST |
2.06am BST | 2.06am BST |
02:06 | 02:06 |
Andrew Wilkie: Howard, Blair and Bush should be in an international court | Andrew Wilkie: Howard, Blair and Bush should be in an international court |
Andrew Wilkie on the 2003 Iraq invasion: | Andrew Wilkie on the 2003 Iraq invasion: |
We know this now more clearly than ever that the Howard government took us to war on a lie. Every time it said that Iraq had a massive arsenal of weapons of mass destruction and it was cooperating with al-Qaida it knew that that was not the case, that it was either clearly not the case or at best for them it was ambiguous. They took us to war on a lie. No wonder John Howard and Tony Blair and George W. Bush do stand accused of war crimes. I’d like them to see an international court. I would like them to defend their position and try to prove their innocence because all of those people who do accuse them of war crimes, I think make a pretty compelling case. | We know this now more clearly than ever that the Howard government took us to war on a lie. Every time it said that Iraq had a massive arsenal of weapons of mass destruction and it was cooperating with al-Qaida it knew that that was not the case, that it was either clearly not the case or at best for them it was ambiguous. They took us to war on a lie. No wonder John Howard and Tony Blair and George W. Bush do stand accused of war crimes. I’d like them to see an international court. I would like them to defend their position and try to prove their innocence because all of those people who do accuse them of war crimes, I think make a pretty compelling case. |
Updated | Updated |
at 2.19am BST | at 2.19am BST |
2.02am BST | 2.02am BST |
02:02 | 02:02 |
Andrew Wilkie: no deal because more important to be a man of my word | Andrew Wilkie: no deal because more important to be a man of my word |
Wilkie has been asked whether he will do a deal – notwithstanding his election promise to do no deals with a minority government. | Wilkie has been asked whether he will do a deal – notwithstanding his election promise to do no deals with a minority government. |
It seems we can’t avoid the election so we might as well go there. I have made it absolutely clear and I’m steadfast in this that I will not enter into any formal deal with any party to allow them to form government. | It seems we can’t avoid the election so we might as well go there. I have made it absolutely clear and I’m steadfast in this that I will not enter into any formal deal with any party to allow them to form government. |
I went to the 2013 election with that commitment. I went to the 2016 – this year’s election – with that commitment. It featured prominently in a lot of my advertising material, campaign material. And, as tempting as it is, as beneficial as it might be for me to enter into some sort of deal, more important, much more important, is that I be a man of my word. | I went to the 2013 election with that commitment. I went to the 2016 – this year’s election – with that commitment. It featured prominently in a lot of my advertising material, campaign material. And, as tempting as it is, as beneficial as it might be for me to enter into some sort of deal, more important, much more important, is that I be a man of my word. |
Updated | Updated |
at 2.09am BST | at 2.09am BST |
1.58am BST | 1.58am BST |
01:58 | 01:58 |
Wilkie: the decisions to wage war are not made entirely on intelligence advice | Wilkie: the decisions to wage war are not made entirely on intelligence advice |
Andrew Wilkie did not talk about an Iraq invasion inquiry with Malcolm Turnbull in his recent chat but he made the point that the prime minister already knows his views. | Andrew Wilkie did not talk about an Iraq invasion inquiry with Malcolm Turnbull in his recent chat but he made the point that the prime minister already knows his views. |
I will make a point in the parliament of highlighting the Chilcot inquiry and its findings and try to use that as something to leverage off, to bring about an Australian inquiry. There have been two Australian inquiries. But of course the terms of reference of both of those inquiries were very narrow, they were basically prepared by the Howard government. And they both had some success in shifting the blame to the intelligence agencies. And, yes, there were problems withthe intelligence material that was provided to government. But decisions to wage war are not made entirely on intelligence advice. They’re based on the advice of a whole lot of people and a whole lot of stake holders. So we need a broader inquiry. | I will make a point in the parliament of highlighting the Chilcot inquiry and its findings and try to use that as something to leverage off, to bring about an Australian inquiry. There have been two Australian inquiries. But of course the terms of reference of both of those inquiries were very narrow, they were basically prepared by the Howard government. And they both had some success in shifting the blame to the intelligence agencies. And, yes, there were problems withthe intelligence material that was provided to government. But decisions to wage war are not made entirely on intelligence advice. They’re based on the advice of a whole lot of people and a whole lot of stake holders. So we need a broader inquiry. |
1.54am BST | 1.54am BST |
01:54 | 01:54 |
Malcolm Turnbull is currently meeting with Queensland independent Bob Katter. | Malcolm Turnbull is currently meeting with Queensland independent Bob Katter. |