A new government often means new rules for business and a big impact on the economy.
๐ Background: As we all know, Anthony 'Albo' Albanese and his Australian Labor Party won the 2022 Federal election on Saturday night.
๐ What happened: With a new government comes new policies that could have a significant impact on the economy and a range of companies.
๐ What else: As always, there are winners and losers when we look at Albo's suite of policies, and some of them could become legislation pretty soon.
๐ก New governments tend to lead to enormous opportunities for some companies and significant risks for other companies.
๐ก Labor's policies have a particular focus on climate change. We've got:
๐ก Interestingly, the ASX 200 Index has risen in the three months after most elections in the past decade, so we'll be keeping an eye on the market.
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