Australians face a 'binary choice' as One Nation soars, says Chalmers

Treasurer Jim Chalmers says people are "under pressure and they will express that pressure in political terms". (ABC News: Matt Roberts)

Treasurer Jim Chalmers says One Nation does not vote in the interests of helping Australians.

One Nation has been surging in the polls of late, making the party more relevant.

Mr Chalmers said he is constantly reviewing the fuel excise.

Federal Treasurer Jim Chalmers has addressed One Nation's surge in popularity saying Pauline Hanson's party is capitalising on Australians feeling disconnected due to economic pressure.

"The pace of change in our economy and in our society is accelerating and the global pressures are intensifying and I think people have got legitimate concerns about where they fit in that story," Mr Chalmers told 7.30

Pressed on why voters were turning to One Nation despite the government's emphasis on its cost-of-living relief measures, Mr Chalmers said people were still under pressure and expressing that "in political terms".

"The right-wing parties, One Nation, the National Party and the Liberal Party, they seek to capitalise on that sense of disconnection that people are legitimately feeling, whereas we're trying to address it," he said.

Mr Chalmers also took aim at One Nation' leader Pauline Hanson's ties to billionaire Gina Rinehart.

Jim Chalmers claims Pauline Hanson's One Nation "votes against working people". (ABC News: Keane Bourke)

On Thursday, Senator Hanson said she takes advice from Ms Rinehart but the mining magnate has not changed her political vision.

The Treasurer also said One Nation does not represent working people's best interests.

"One Nation votes directly against the interests of people who battle in our economy," Mr Chalmers said.

"She always votes, One Nation always votes to make life harder for people."

Addressing a Labor party policy forum in Sydney on Thursday, Mr Chalmers defended the government's housing tax reforms and said Opposition Leader Angus Taylor did not understand the issues facing young people trying to get into the market.

Jim Chalmers says Opposition Leader Angus Taylor "wants to defend a broken status quo" when it comes to housing. (ABC News: Matt Roberts)

"Not everybody is born already at the top of the ladder like Angus Taylor was," Mr Chalmers said.

Speaking on 7.30, Mr Chalmers denied he had an issue with wealthy Australians.

"Not at all. I want more people to succeed in our economy," he said.

"Angus Taylor was born at the top of the ladder, good on him, but I think that, that means he doesn't understand that a lot of the people are str