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Abbott the favourite as Australians go to the polls

Abbott the favourite as Australians go to the polls
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Australia has gone to the polls.

Voting is compulsory in the country, and 14 million people are expected to cast ballots.

150 seats in the parliament are up for grabs.

Economists say a clear result would boost business confidence.

Liberal-National Party coalition leader Tony Abbott is expected to become Australia’s new Prime Minister, with polls predicting he’ll get 53 percent of the vote.

He says he’ll cut foreign aid, axe public sector jobs and remove a tax on carbon emissions.

Current PM, Labor’s Kevin Rudd, has suffered from his party’s long running leadership struggle and a slowing economy.

He’s tried to appeal to traditional Labor values – health care, pensions and support for manufacturing industries.

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