Bill Shorten Has Conceded Defeat And Says He Will Step Down As Labor Leader

After copping a very substantial shellacking, Bill Shorten has conceded defeat to Liberal leader Scott Morrison, and announced that he will be vacating the position of Labor Party leader.

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“A short while ago I called Scott Morrison to congratulate him and I wish Jenny and their daughters all the very best,” Shorten said.

“I wished Scott Morrison good fortune and good courage in the service of our great nation. The national interest.”

Despite polling predicting a Labor victory, it didn’t pan out that way. Significant swings towards the Coalition were recorded in states like Queensland, and Labor gains in Victoria were not enough to stem the tide.

Shorten confirmed that he would not be a candidate for Labor Party leader going forward, but would remain in his seat for the foreseeable future: