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February 21, 2024

Labor won the election. That means new business policies and the end of that insufferable 'hole in the bucket' jingle

A new government often means new rules for business and a big impact on the economy.

What's the key learning?

  • New government policies can lead to big opportunities for some companies and big risks for others.
  • Labor's policies have a significant focus on climate change.

๐Ÿ‘‰ Background: As we all know, Anthony 'Albo' Albanese and his Australian Labor Party won the 2022 Federal election on Saturday night.

๐Ÿ‘‰ What happened: With a new government comes new policies that could have a significant impact on the economy and a range of companies.

๐Ÿ‘‰ 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.

๐Ÿ”” What's the key learning?

๐Ÿ’ก New governments tend to lead to enormous opportunities for some companies and significant risks for other companies.

๐Ÿ’ก Labor's policies have a particular focus on climate change. We've got:

  • $3 billion for green metals - good for BHP and lithium miners
  • Propping up the hydrogen sector - good for fertiliser businesses
  • Big push towards solar - good opportunity for electric and gas suppliers to ramp up renewables.

๐Ÿ’ก 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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