Turnbull to challenge Abbott LIVE!

From the AFR:

Malcolm Turnbull has confirmed he is challenging Prime Minister Tony Abbott for the leadership of the Liberal party.

“I met with the Prime Minister and advised him that I would be challenging him for the leadership of the Liberal Party”

“And we need a different style of leadership…A style of leadership that respects the people’s intelligence”.

“If we continue with Mr Abbott as Prime Minister, it is clear enough what will happen. He will cease to be Prime Minister and he’ll be succeeded by Mr Shorten,” Mr Turnbull says.

Here it is:

And live coverage of the 9.15 spill:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.