Australian Liberal leader Matthew Guy resigns after state election defeat

Victorian opposition leader Mathew guy resigns from Liberal Party in state election aftermath

Matthew Guy resigns from Liberal Party

Defeated Victorian opposition leader Matthew Guy stood down from his position on Wednesday, after the Labou party leader Daniel Andrews won Saturday’s state election by an overwhelming majority.

Mr Guy wished newly re-elected Premier Daniel Andrews “the very best” for the future, after he won the Victorian election, with the Liberals seeing a swing of 6% against them.

Mr Guy said in a statement:

“My congratulations again to Premier Andrews and his Labor team for their victory at Saturday's election.

"I would like to place on record my deep appreciation for the hard work of all my Liberal members in the last parliament. They were the most unified team of any parliamentary party in Australia.

"I also want to thank and acknowledge the work of so many Liberal candidates, the state secretariat and my own personal staff. They have given up so much and worked so hard.

"Now that the parliamentary party has been called together, they will elect a new leadership team. I will not be a candidate for the position of leader."

Victorian Sate election results

Matthew Guy was expected to stand down after the Liberals lost the election, sparking a 'blame game between Liberal party leaders, after many dubbed the defeat a ‘bloodbath’.

The Liberal party suffered a 6.1% swing against them, while Labor grabbed 52 seats, with another 10 in doubt on the morning after the election.

Labor had a clear win in sight, after the Coalition lost half its seats. Opposition leader Matthew Guy accepted defeat on the Sunday following, further fuelling conversations about his resignation.

Premier Daniel Andrews addressed the nation after the win, congratulating his voters.

Mr Andrews Said: “I am certain that Victorians have just about had enough of a federal government that cuts hospitals, cans schools, and refuses to admit they have done it. That is what really makes people angry,”

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Find articles by writer