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Final tally in NZ election strengthens Labour in negotiation talks

08 October, 2017, 01:19 | Author: Sylvester Abbott
  • Political reporters on stakeout in Parliament

The New Zealand First party will meet with the ruling National Party, led by Prime Minister Bill English, at midday and then in the afternoon with the Labour Party, led by Jacinda Ardern who nearly single-handedly boosted her party's chances after assuming the party's leadership in August.

Despite the drop in seats, English said the final result "signalled very clearly" voters wanted National to remain in power for a fourth term.

The nationalist New Zealand First Party won 7.2 per cent of the votes, leaving it with the balance of power in the formation of the next government.

Coalition talks in New Zealand entered a new phase Saturday after official final election results narrowed the gap between the two leading parties.

"Today's final election count has strengthened the mandate for change", she said in a statement.

Labour and Greens together took 54 seats against the National party, which won 56 seats in the election.

A former National Party lawmaker, Peters has formed coalitions in the past with both National and Labour.

The extra Green seat means New Zealand will gets its first ever refugee MP.

Shaw also said he was "thrilled" to welcome Ghahraman to parliament as a Greens MP, and said her experience in global law and human rights would be invaluable to caucus and parliament. It needs NZ First's nine seats to secure a majority.

"I think on Monday the market is going to be a little bit subdued because basically nothing has changed", said Stuart Ive, private client manager at OM Financial.

ACT has secured one seat in 2017 elections and Maori Party has been left out of the Parliament this time.

"The New Zealand First supporters tend to be older, they tend to see immigration as a big issue, so a lot of the anti-immigration sentiment is concentrated in New Zealand First supporters".

Peters has said he will make a final decision by October 12.

Ardern has said Labour and NZ First have many "shared values" which include exploring a manned re-entry of the Pike river mine, increasing the minimum wage, improving the education system, and a desire to address the housing crisis.

Labour leader Jacinda Ardern said she welcomed the final tally.

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