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The government’s budget measures were designed, in part, to fight back against crumbling social cohesion and political dissatisfaction, Prime Minister Anthony Albanese has told a Sydney economic summit.

“Australians feel like the economy is not working for them, that their hard work is simply not adding up to fair reward, that they’re worried that their children or grandchildren will have less security and fewer opportunities than they did. This sentiment hasn’t come out of nowhere,” Albanese said.

“It is pressure that has built up, and it’s built up over years, and it’s not just a vague feeling. It is a reality that working Australians are up against. It’s something they can see for themselves from their own experience. It is a logical response, not just an emotional one. And it deserves practical solutions, not just slogans,” he said.

The speech comes after the first major opinion poll following the budget, conducted by The Australian Financial Review, found that populist party One Nation had overtaken Labor as the most popular party in the country.

“You might be able to build a brand of politics out of amplifying frustration and seeking to harvest it, but that doesn’t take our country forward. What counts, what matters, what makes a difference is whether you have a plan to do something about it,” Albanese said.