Ardern fake left era ends with crushing election defeat

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Rather than face voters, former New Zealand Prime Minister, Jacinda Ardern, chose to resign from office in mid-January knowing her Labour Government faced an uphill battle to win a third term.

Ardern’s instincts were correct with Labour bundled out of office on Saturday with a measly primary vote of just 26.9%:

NZ Primary vote

The centre-right National Party will now lead the nation with a coalition government with the libertarian ACT party.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.