Tom Elliott’s take on Bill Shorten’s back down

Tom Elliott says he can’t believe Bill Shorten has “shot himself in the foot” after his backdown on company tax policy.

Shorten announced on Friday he wouldn’t be repealing already-legislated company tax cuts.

Mr Shorten’s initial decision sparked backlash from his colleagues.

Tom Elliott said the change of mind could prove costly.

“Eight months ago, I said Bill Shorten was a near-certainty to become the next Prime Minister of Australia,” the 3AW Drive host said on Friday.

“I thought he was disciplined, that Malcolm Turnbull had a tin ear and was going to make too many mistakes.

“I didn’t think Bill would do something as stupid as this and shoot himself in the foot … but he did.”

Tom Elliott said there was a “big sound” coming out of Canberra today.

Click PLAY below to hear it!