The prime minister has urged the UK's ruling party to ensure pillars of society are not abandoned in the face of looming technological advances and overseas threats.
In a speech to UK Labour's annual conference in Liverpool, Anthony Albanese said it was critical for Australia and Britain to work closely together at a time of global uncertainty.
Australia's prime minister said while governments could help solve large issues in society such as dealing with climate change, housing and artificial intelligence, they needed to take firm action.
"We approach this work with determination and with optimism," Mr Albanese said.
"Because all of these problems can be solved, all of these opportunities can be seized, but only if our people continue to see our institutions as the best way to make it happen."
The speech to the conference came on the final full day of Mr Albanese's three-day visit to the UK.
Opposition Leader Sussan Ley had criticised the prime minister for attending the conference after Mr Albanese as opposition leader criticised a visit from then-prime minister Scott Morrison in 2019 to a Donald Trump rally while on official business in the US.
But Mr Albanese said the Labour conference was an opportunity to speak with UK Prime Minister Sir Keir Starmer and senior members of his government on a range of issues including the AUKUS security agreement.
Former Australian prime minister Julia Gillard, who Mr Albanese called "a Labor legend," was also in the audience at the conference.
"In government, I value the opportunities we have to work together and get results, to take action together on issues that matter to our two nations and to the wider world," Mr Albanese said.
"From standing together with the 'coalition of the willing' to help secure peace on Ukraine's terms ... and working together to break the cycle of violence in the Middle East and build something better by recognising the state of Palestine."
Mr Albanese said the Australian and the UK governments had a responsibility to make difficult decisions while in office.
"While governments always need to be able to tell the difference between what's urgent and what's important, in the end, we have to do both," he said in the speech.
"In an era where artificial intelligence is transforming our economies, we must stand up for secure jobs and fair wages.
"While we cannot always predict or control the challenges we will face, we can determine how we respond."
Mr Albanese will return to Australia via the United Arab Emirates, following a week abroad in the UK and the US for the United Nations General Assembly.
