Treasurer Josh Frydenberg takes aim at UK Labour leader Jeremy Corbyn

The Treasurer has delivered an extraordinary attack on polarising British Labour leader Jeremy Corbyn during a speech in London.

Jeremy Corbyn has copped a verbal spray from Josh Frydenberg.

Treasurer Josh Frydenberg has ripped into British Labour leader Jeremy Corbyn, telling a British centre-right think tank, the Policy Exchange, that a number of Mr Corbyn’s positions were at odds of what he considers to be good policy.

After hinting that he had no regard for the UK Labour plans, Mr Frydenberg, who is from a Jewish family, then added: “put it this way, I am not lining up with Hezbollah and Hamas.”

The shot across the bow at Mr Corbyn — a long time supporter of both radical organisations — stems from not just the very left wing policies of UK Labour Party, such as proposed nationalisation of railways and other infrastructure, and rent controls in the housing sector, but the anti-Semitic views in the party that have fostered under Mr Corbyn.

The UK Labour Party hasn’t been able to adequately stem the anti-Semitic agitation, particularly among its swathes of grassroots followers, who have propped up Mr Corbyn’s leadership.

Former Labour Party MP Luciana Berger. Picture: AFP

Only months ago labour MP Luciana Berger, who is Jewish, resigned from the party, specifically citing the party’s attacks on her faith, including death threats and online abuse. Ms Berger claimed that under Mr Corbyn, labour was “institutionally anti-Semitic”.

Mr Frydenberg, who is the son of a Holocaust survivor, would not have had any sympathies towards Mr Corbyn, but he highlighted the vast political differences by stressing how the Liberal party in Australia was very much pro-individual enterprise

“The government doesn’t have its own money, it’s the peoples’ money,” he said, adding “we believe in the power of markets, and the individual hand of capitalism rather than the dead hand of socialism.”

Alexander Downer. Picture: Ben Stevens/i-Images

He told the Policy Exchange, chaired by the former foreign minister and UK High Commissioner Alexander Downer, that the key lesson that could be drawn from Scott Morrison’s victory at the recent federal election was to articulate an economic argument.

He said centre right governments around the world could learn from the result with “policies that encourage aspiration and individuals and their enterprise are to be encouraged, you can have as we have, taxes coming down with record spending on health and education and infrastructure’’.

His blueprint for electoral success was diametrically opposed to the UK labour position.

“There is fiscal responsibility to reduce government debt, but essentially our story is around aspiration, lower taxes as a means to grow the economy, and encourage personal responsibility and reward effort,” Mr Frydenberg said.

“As for Mr Corbyn, well I don’t want to jump into domestic political debates, but it’s fair to say a number of his positions have been very much at odds to what I consider good policy.

“Put it this way, I am not lining up with Hezbollah and Hamas.’’

Mr Corbyn has foreshadowed extra wealth taxes and greater welfare spending if his party wins a general election, which could be sparked by a vote of no confidence in the Conservative party’s Brexit position under a new Tory leader in the coming months.