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The Guardian - AU
The Guardian - AU
World
Kat Wong

Mimicking populists will not ease cost of living or boost productivity, Mathias Cormann warns

Mathias Cormann, pictured in 2022, will deliver a speech warning against the dangers of populism at the Centre for Independent Studies on Saturday night.
Mathias Cormann, pictured in 2022, will deliver a speech warning against the dangers of populism at the Centre for Independent Studies on Saturday night. Photograph: Éric Piermont/AFP/Getty Images

Australia’s mainstream political parties are being warned not to adopt populist policies such as migration caps to address voters’ grievances over the cost of living.

Instead, Australia’s longest-serving finance minister, Mathias Cormann, is urging politicians to deliver housing, real wage growth and lower energy costs by boosting productivity.

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