BUSINESS

Australia's conservatives win sweeping election victory, ending 6 years of Labor rule

09/07/2013 07:50 EDT | Updated 11/07/2013 05:12 EST
CANBERRA, Australia - Australia's conservative opposition has swept to power in a national election and ended six years of Labor Party rule.

Prime Minister Kevin Rudd conceded defeat Saturday.

The conservative Liberal Party-led coalition managed to win over a disenchanted public by promising to end a hated tax on carbon emissions, boost the nation's flagging economy and bring about political stability after years of Labor Party infighting.

A win for the coalition comes despite the relative unpopularity of party leader Tony Abbott.

Abbott is a 55-year-old former Roman Catholic seminarian and Rhodes scholar who has long struggled to connect with women voters and was once dubbed "unelectable" by opponents.