Australian Treasurer Joe Hockey insisted Tuesday he will deliver a "responsible and fair" budget as the government battles to juggle slumping revenue and a huge deficit while avoiding a voter backlash.
Britain`s Labour Party must return to the political centre ground if it is to rebuild support after suffering a crushing defeat in Thursday`s general election, former Labour prime minister Tony Blair said in an article published on Sunday.
Although not all the political ramifications are clear, scientists should expect an emphasis on austerity allied to economic growth -- a central pillar of the Conservative-led coalition government of the past five years, scientific journal Nature has reported.
A 20-year-old student belonging to the Scottish National Party (SNP) has become the youngest MP since 1667 after winning the Paisley and Renfrewshire South seat from the Labour Party`s campaign chief Douglas Alexander in the British general election.
Despite hopes that the public had warmed to him during a fractious campaign, Ed Miliband and his Labour Party suffered a devastating rout in Thursday`s British general election, triggering his immediate resignation.
A 20-year-old student representing the pro-independence Scottish National Party (SNP) was elected Britain's youngest lawmaker since 1667 on Friday, toppling one of the opposition Labour party's top figures.
Labour leader Ed Miliband admitted Friday his party had a "very disappointing and difficult night" in Britain`s election, in which exit polls indicated a surprise surge for the centre-right Conservative party.
Prime Minister David Cameron`s Conservatives are set to govern Britain for another five years after an unexpectedly strong showing, but may have to grapple with renewed calls for Scottish independence after nationalists surged.
Britons voted on Thursday in the tightest election for decades; one that could cause government gridlock, push the world`s fifth-largest economy closer to leaving the European Union and stoke a second attempt by Scotland to break away.
Britain's political parties have fielded a large number of Indian-origin candidates in the general election today to woo voters from the Indian diaspora in the UK which is set to play a crucial role in the polls.