After breaking the reign of the Helen Clarke's labour party for the past nine years, John Key, PM-elect of New Zealand, is in a hurry to form the Government to fight the Global Economic Crisis. Key's Party won 59 seats in the 122-seat parliament according to a preliminary count of Saturday's election.

Key has confirmed the support of an allied Right Wing Party, "There's an assurance from the ACT party that one way or another they will be supporting a National-led government, so the issue is what form that relationship takes." The Details of the alliance have not been revealed yet, but a formal coalition was not on the cards. That would mean ACT supporting National in key budget and confidence votes in parliament, but ACT leader Rodney Hide and other ACT ministers would be free to criticize the government outside their own portfolios.

Meanwhile, John Key was hoping to get sworn in on Monday next week so that he could attend the Asia-Pacific Economic Cooperation (APEC) summit in Peru from November 21 but as the final election vote count is not due to be announced until November 22, it is not clear whether his government can be sworn in by then.

Key said "The sheer change of government will give some confidence that we will put economic growth at the top of the agenda." National has promised to move quickly to legislate for further income tax cuts to take effect in April, increase spending on infrastructure projects, and start reform of the planning laws to stimulate the economy.

On the Labour Front, Clarke and Deputy Michael Cullen have decided to quit, leaving behind a search for new leadership. Former trade and defence minister, Phil Goff, is seen as the popular choice to succeed Clark.