<span style="color: #222222;">Australian Prime Minister Scott Morrison said he had conceded defeat in a national election today, saying that while vote counting was incomplete the opposition Labor party looked likely to form a government.<br />''<br />''Morrison said at a televised speech in Sydney that he had spoken to the Leader of the Opposition and the incoming Prime Minister, Anthony Albanese, and congratulated him on his election victory this evening.<br />''<br />''Morrison added that he would stand down as leader of the Liberal party. The capitulation ends eight years and nine months in power for Morrison's conservative coalition. Morrison became prime minister in 2018 after several leadership changes.</span><br />