New Zealand PM secures third term in office via ForexLive

To update my previous post Labour Party leader David Cunliffe has now conceded defeat after his party's worst performance since 1922

I've called on John Key and I have congratulated him and I have acknowledged that he will continue to be the prime minister of New Zealand

With 99% of votes counted Key has 48% and is likely to have 61 of the 121 seats in parliament and can also count on the support of the three small parties, giving him a comfortable majority.

posted via ForexLive