Angus Taylor declared growing the economy and lifting standards of living as the Liberals' key priorities under his leadership, vowing to "restore confidence" in disaffected voters and signalling a tougher stance on immigration.
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Mr Taylor addressed reporters on Friday, hours after he emphatically defeated Sussan Ley for the Liberal leadership by 34 votes to 17.
Ms Ley has announced her retirement from politics after more than 25 years in federal Parliament.
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Angus Taylor defeats Sussan Ley for the Liberal leadership, with Jane Hume, inset, elected as deputy. Pictures The Canberra Times, Shutterstock
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