Former treasurer Wayne Swan to bow out

February 10, 2018

Former Labor treasurer Wayne Swan has announced he will exit politics at the next election (File).

Wayne Swan, the former treasurer who steered Australia through the global financial crisis, will retire at the next federal election.

First elected to parliament in 1993, Mr Swan told Guardian Australia he was signalling his intentions now in order to give the next Labor candidate the best chance of holding his Queensland electorate of Lilley.

"I think it would be fitting if the party were to select on this occasion, a young woman with the energy and smarts to represent Lilley forcefully and successfully," he said.

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