Australian Election: Labour Back In Charge

It's been nearly 3 weeks since the Australian electorate voted for a hung parliament. Since then the 2 main parties have been wooing the Independants in an attempt to form a majority. Now, finally, Labour have enough for a 1 seat majority. So Julia Gillard continues to be Australia's first woman PM, just.

The significance of this is that it will allow her to press ahead with plans to cut carbon emissions, something that Labour have long wanted but have been blocked by the opposition. This could mean the introduction of carbon trading.

However, it'll be a race to get the carbon cutting measures in place before Labour almost inevitably lose their slim majority through a bi-election or defection to the other side. Watch this space...