The Business Council of Australia has welcomed Julia Gillard's overwhelming victory in Monday's labor leadership ballot.
BCA president Tony Shepherd hopes the clear outcome in favour of the Prime Minister will end a period of uncertainty for business and kickstart the debate of major policy.
Mr Shepherd says while Australia's economy remains solid, its reputation has taken a mild hit because of the instability.
I interviewed Mr Shepherd for The World Today shortly after the vote was made public.
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