Australian prime minister concedes election defeat

“And particularly over the course of this week with the important meetings that are being held, I think it’s vitally important there’s a very clear understanding about the government of this country,” he added.

Opposition leader Anthony Albanese will be sworn in as prime minister after his Labor party clenched its first electoral win since 2007.

Labor has promised more financial assistance and a robust social safety net as Australia grapples with the highest inflation since 2001 and…