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The Guardian - AU
The Guardian - AU
National
Jordyn Beazley

Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Tim Gurner, the founder and CEO of Gurner Group
Tim Gurner says he ‘deeply regrets’ comments made at an AFR summit that unemployment should increase by 40% to 50%, which have drawn fierce backlash. Photograph: Oscar Colman/Australian Financial Review

The Australian multimillionaire Tim Gurner has apologised for the controversial comments he made at a property summit on Tuesday, saying he deeply regrets his remarks and they “were wrong”.

On Tuesday, Gurner, who is a property developer and founder of the Gurner Group, drew fierce backlash after he suggested at the event held by the Australian Financial Review that unemployment should increase by 40% to 50% to create more productive workers.

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