| Let's talk about the economy | Good afternoon,
The UK's Brexit result continued to cast a shadow over Australia's federal election, with economics dominating the campaign.
Here's what happened today:
1. COALITION TO REVEAL ELECTION COSTINGS
The Federal Government flagged further spending cuts as it prepared to release its pre-election costings tomorrow.
"The budget position will not be changed in a negative sense to what I announced in the budget, and that is in stark contrast to what Labor announced yesterday," Treasurer Scott Morrison said.
Yesterday, Labor revealed that its policies would see an increase in the deficit by $16.4 billion over four years.
However, the party still projects a return to surplus at the same time as the Coalition. That's by 2020–21.
Two leading economists cast doubt on both parties' projections, questioning whether either of them have a credible plan to return the budget to surplus.
2. TEAM AUSTRALIA ... AND NEW ZEALAND?
The Prime Minister announced Australia will team up with New Zealand in a bid to negotiate new trade and immigration deals in the wake of Brexit.
"There are some big issues in terms of the access of Australians and New Zealanders to Europe and indeed to the United Kingdom," Malcolm Turnbull said.
He says he's ordered the Reserve Bank, as well as the financial regulators ASIC and APRA, to provide a report on the ramifications of Brexit early next week to whoever wins Saturday's election.
Yesterday, the PM said the uncertainty caused by Brexit meant that Australians should keep his "stable" Government. Bill Shorten, for his part, used Brexit to warn against voting for the "divided" Liberal Party.
3. THERE WERE CALLS TO HELP OUR FARMERS ADJUST TO CLIMATE CHANGE
Farmers and scientists say they're disappointed that neither major party has a strategy for agricultural climate change adaptation.
Agricultural scientist from the University of Melbourne Professor Snow Barlow said both parties needed to address "urgent" adaptation issues.
"The first step is to say we have a problem, let's address it," he said.
The vice-president of the International Panel on Climate Change and Australian National University Professor, Mark Howden, says agriculture in Australia needs a "transformational change".
4. THE COALITION HAS A SLIM LEAD IN THE POLLS
The latest Newspoll has the Coalition with a slim 51-49 lead over Labor on a two-party-preferred basis.
Wait up though. ABC political reporter Jane Norman says the polls have been "pretty confusing throughout the campaign".
"It's been a long campaign, voters have been disengaged ... but the ABC has done its own investigation recently and the general consensus is Labor is looking like it will win 10 seats which leaves it 10 seats short of winning government," she said.
ELECTION SPOTLIGHT: RIDING THE RAILS OF SYDNEY'S ELECTORAL BATTLEGROUND
Voters on the T1 Western Line from Central Station to Penrith will decide some of Sydney's most marginal seats.
Jump on the train, find a seat and hear the message voters on the T1 are planning to send to Canberra.
FROM THE DRUM: PAULA MATTHEWSON
Mr Turnbull's campaign speech confronted the challenges that Labor or a hung Parliament pose, writes Paula Matthewson
But it's the spectre of Tony Abbott that could prove to be his greatest political battle.
COMING UP NEXT: - Shadow treasurer Chris Bowen will be interviewed on 7.30
- Mr Turnbull and Mr Shorten will be interviewed by Sarah Ferguson on Four Corners. You can see the interviews on ABC TV at 8:30pm AEST
- The last Q&A panel before the election will feature Resources Minister Josh Frydenberg, Deputy Opposition leader Tanya Plibersek, broadcaster Alan Jones, Professor of Indigenous Studies Marcia Langton and economic analyst Chris Richardson. Tune in on ABC from 9:35pm AEST
- Senator Penny Wong will be speaking with Lateline (9:30pm AEST on ABC News 24, 10:30pm local time on ABC TV)
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