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Speaker 1: My name is Lily Maddon and I'm a proud Arunda

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Speaker 1: Bungelung Cargoton woman from Gadighl country. The Daily oz acknowledges

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Speaker 1: that this podcast is recorded on the lands of the

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Speaker 1: Gadighl people and pays respect to all Aboriginal and Torres

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Speaker 1: Strait Island and nations. We pay our respects to the

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Speaker 1: first peoples of these countries, both past and present.

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Speaker 2: Good morning and welcome to the Daily oz. It's Monday,

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Speaker 2: the twenty fourth of October. I'm Zara.

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Speaker 3: I'm Sam.

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Speaker 2: After forty five hectic days as UKPM, Liz Trust resigned

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Speaker 2: late last week in a significant but brief press conference.

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Speaker 4: We've agreed that there will be a leadership election to

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Speaker 4: be completed within the next week. This will ensure that

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Speaker 4: we remain on a path to deliver our fiscal plans

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Speaker 4: and maintain our country's economic stability and national security.

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Speaker 2: We're going to cover her rise, her fall and everything

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Speaker 2: in between.

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Speaker 3: Sam.

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Speaker 2: First, what is making headlines?

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Speaker 3: Zara. There's severe rain and potential flooding forecast across New

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Speaker 3: South Wales, Queensland, Tasmania and South Australia today. The north

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Speaker 3: of New South Wales is of particular concern the States

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Speaker 3: set to receive one hundred and fifty millimeters of rain

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Speaker 3: in potentially its third major flooding event this year. Meanwhile,

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Speaker 3: the situation does remain dangerous in some areas of Victoria,

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Speaker 3: with the Murray River expected to peak later today.

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Speaker 2: Energy facilities in Ukraine have been hit by a round

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Speaker 2: of Russian missile strikes, leaving almost a third of Ukraine's

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Speaker 2: power stations now destroyed. Ukrainian President Vladimirselenski said nearly one

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Speaker 2: point five million households are without electricity, and he called

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Speaker 2: on the international community to supply Ukraine with anti missile

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Speaker 2: air defense systems.

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Speaker 3: This isn't particularly surprising After the last couple of weeks,

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Speaker 3: the federal government has proposed new legislation designed to penalize

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Speaker 3: companies subjects to major cyber attacks or repeated data breaches.

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Speaker 3: Attorney General Mark Dreyfus said, quote, Unfortunately, significant privacy breaches

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Speaker 3: in recent weeks have shown existing safeguards are inadequate, and

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Speaker 3: he also said penalties up to fifty million dollars are needed,

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Speaker 3: as quote it's not enough for a penalty for a

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Speaker 3: major data breach to be seen as the cost of

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Speaker 3: doing business.

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Speaker 2: And the good news. Zimbabwe has become the first African

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Speaker 2: nation to approve an HIV prevention drug as part of

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Speaker 2: its plan to end AIDS by twenty thirty. AIDS related

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Speaker 2: jets have dramatically decreased in the country from one hundred

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Speaker 2: and thirty thousand in two thousand and two to twenty

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Speaker 2: in twenty twenty one. The drug is only available in

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Speaker 2: two other nations, the US and here in Australia. We

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Speaker 2: all awoke to big news here in Australia on Friday

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Speaker 2: morning of last week, and that was of course that

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Speaker 2: Liz Trust had resigned as Conservative Party leader and thus

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Speaker 2: as UK Prime Minister. Now it followed an absolute well

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Speaker 2: win forty five days in office, during which time we

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Speaker 2: saw the pound drop to its lowest level ever, a

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Speaker 2: mini budget delivered and then shortly reversed, the firing of

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Speaker 2: the equivalent of a treasurer, and of course those ministerial resignations.

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Speaker 3: It was definitely a short and sharp forty five days.

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Speaker 3: Why do we start at the beginning? Tell me how

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Speaker 3: Liz Trust became the leader.

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Speaker 2: Trust became the Prime Minister of the UK after winning

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Speaker 2: the Conservative Party leadership vote. So that is the important

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Speaker 2: part that this was not a vote of the people,

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Speaker 2: it was a vote of the Conservative Party. Trust defeated

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Speaker 2: fellow senior Conservative Ritty Sunak, and remember his name because

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Speaker 2: we'll be talking about him shortly to take out the vote.

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Speaker 2: In the end, it came after Boris Johnson announced his

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Speaker 2: resignation as Prime Minister nearly two months ago, following a

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Speaker 2: string of controversies. Under her predecessor, Boris Johnson. Trust served

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Speaker 2: as the Secretary of Foreign Affairs and Minister for Women

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Speaker 2: and Equalities. She's been a Conservative Member of the House

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Speaker 2: of Commons, so the equivalent of the Lower House, since

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Speaker 2: twenty ten, and she's held cabinet positions under every Conservative

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Speaker 2: Prime minister during her time in parliament.

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Speaker 3: So we're talking here about a fairly qualified candidate for

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Speaker 3: the Prime Minister of the UK. Where did it go

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Speaker 3: so wrong so quickly?

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Speaker 2: Well, it's got a lot to do with the economy,

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Speaker 2: and of course that mini budget that I referred to earlier,

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Speaker 2: the UK's economic position deteriorated rapidly after Liz Trust's budget

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Speaker 2: was very very poorly received. The mini budget triggered a

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Speaker 2: sell off of the British pound and it made investors

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Speaker 2: more reluctant to lend money to the government. It also

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Speaker 2: led to a very sharp drop in approval ratings for

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Speaker 2: the PM. The government reversed part of that budget earlier

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Speaker 2: this month, but after continued criticism, Trust then moved to

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Speaker 2: Sakha Chancellor Quasi qua teng and then reversed even more

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Speaker 2: of the budget. So we had had this budget, then

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Speaker 2: it was reversed, then someone was fired, and then even.

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Speaker 3: More of it was reversed.

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Speaker 2: And was at about that time that we started hearing

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Speaker 2: publicly that MPs within Trust's own party, so not even

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Speaker 2: from the Labor Party, had lost faith in her leadership.

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Speaker 2: Many MPs at the time sent anonymous messages to journalists

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Speaker 2: saying that Trust was quote finished, and many called for

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Speaker 2: her to resign.

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Speaker 3: And that's what happened on Friday, right exactly.

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Speaker 2: So, just days after she claimed in Parliament that she was.

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Speaker 4: I am a fighter and not a quota.

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Speaker 2: This Trust then fronted up in front of ten downing

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Speaker 2: straight to announce her resignation.

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Speaker 4: I am resigning as leader of the Conservative.

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Speaker 3: Party, all right, So what happens now?

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Speaker 2: Well, to answer that, I think we need to quickly

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Speaker 2: go over how UK politics works, like in Australia. UK

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Speaker 2: voters don't elect their prime minister directly. They elect local

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Speaker 2: representatives to parliament, and government is formed by whoever has

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Speaker 2: a majority in Parliament. Right now, that's the Conservatives or

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Speaker 2: the Tories, whoever they choose as leader using their own

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Speaker 2: internal process because prime minister. That's why the prime minister

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Speaker 2: can change without an election, and it's why Liz Trust's

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Speaker 2: replacement will be another Conservative.

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Speaker 3: And how do they actually get chosen. Is it some

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Speaker 3: roundtable discussion and you do a blind vote with your

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Speaker 3: hands in the air.

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Speaker 2: Not quite. The Conservative Party chooses its leader in a

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Speaker 2: two step process, so the MPs choose a top two,

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Speaker 2: then ordinary party members choose a winner. When Liz Trust

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Speaker 2: was chosen, she finished second among MPs but won the

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Speaker 2: membership vote after a very long campaign. This time the

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Speaker 2: process will be quicker. We're expecting candidates must get the

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Speaker 2: support of one hundred MPs, which means that most three

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Speaker 2: people can run. If more than one person runs, the

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Speaker 2: party members will vote and will all be announced on Friday.

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Speaker 3: And right now, who are the contenders?

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Speaker 2: Three main contenders have emerged. One is Rishi Sunak, the

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Speaker 2: person we were talking about earlier. He was the former

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Speaker 2: chancellor or the treasurer, who won the support of MP's

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Speaker 2: last time, but then lost the membership vote to Truss

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Speaker 2: wwther is someone you'll all be very familiar with, Boris Johnson,

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Speaker 2: who resigned as Prime Minister only a few months ago.

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Speaker 2: Supporters say his twenty nineteen election victory gives him legitimacy

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Speaker 2: and the idea behind that is that that was the

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Speaker 2: last person that was elected by the people, so they

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Speaker 2: suggest that he has a mandate to rule. And then

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Speaker 2: the last is Penny Morden, who finished third last time,

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Speaker 2: and she has confirmed she's in the race. She's one

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Speaker 2: of the only ones who has actually confirmed it. If

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Speaker 2: we look at the numbers at the moment, According to

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Speaker 2: the BBC, Sunak leads the leadership race. They're suggesting that

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Speaker 2: he has around one hundred and twenty eight MPs backing him,

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Speaker 2: and remember they only need one hundred while Johnson is

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Speaker 2: in second place, but there are some disputes from his

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Speaker 2: camp over how many MPs are backing him.

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Speaker 3: We're going to take a short break. We'll be right

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Speaker 3: back Zara before we finish up. Even for an Australian,

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Speaker 3: this leadership revolving door is a lot to take in.

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Speaker 3: Are we going to see a new Conservative leader just

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Speaker 3: in time for another election and another leader?

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Speaker 2: Yeah, you're right. The UK is giving us a run

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Speaker 2: for our money on how many leaders you can have

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Speaker 2: in a short period of time. But in the UK,

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Speaker 2: elections are only required once every five years, so that

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Speaker 2: means that the next election could be as late as

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Speaker 2: January twenty twenty five, which is more than two years away.

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Speaker 2: The Labor opposition and key figures from other parties have

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Speaker 2: of course called for an election to be held now,

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Speaker 2: but this can't happen unless the Prime Minister calls an

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Speaker 2: election or the government fails a vote of confidence in Parliament.

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Speaker 2: Such a vote would need the support of Conservatives, which

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Speaker 2: is considered unlikely, while polls shown most of them right

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Speaker 2: now would lose their seats.

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Speaker 3: Last week, you and I had a chat about whether

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Speaker 3: Liz trust would be Prime Minister in a couple of

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Speaker 3: weeks time. Today we're having a chat about the fact

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Speaker 3: that she's resigned and there's somebody else. I'm sure we're

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Speaker 3: going to have a chat about who that next person

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Speaker 3: is in only a matter of days. Thanks so much

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Speaker 3: for joining us today on the Daily OS. We have

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Speaker 3: a new episode of The Mirror out today, Episode three.

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Speaker 3: It's a sensational listen grab that while you've sealed all,

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Speaker 3: got your headphones in your ears. Otherwise we'll speak to

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Speaker 3: you tomorrow