8.40pm – Deputy Prime Minister Wayne Swan has excoriated Kevin Rudd in a statement released just hours after the Foreign Minister’s resignation.
Swan’s statement, issued on plain paper, says Rudd has never been a “loyal or selfless example” of the ALP’s “values and objectives”. Swan says Rudd “has been putting his own self-interest ahead of the interests of the broader labour movement and the country as a whole”.
According to Swan, Julia Gillard has “the overwhelming support of our colleagues”. He says Gillard has always known in her heart that “the Labor Party is not about a person, it’s about a purpose”, but that “Kevin Rudd has never understood”.
The statement is one of the most vicious attacks ever seen by a senior cabinet minister on a former prime minister and colleague. It signals that the Gillard camp is determined to cripple Rudd’s leadership prospects.
Text of statement released by Deputy Prime Minister and Treasurer Wayne Swan.
Prime Minister Gillard and I and the overwhelming majority of our colleagues have been applying our Labor values to the policy challenges in front of us and we’re succeeding despite tremendous political obstacles.
For the sake of the labour movement, the Government and the Australians which it represents, we have refrained from criticism to date. [Read more...]

The Treasury Secretary, Ken Henry, has addressed the National Press Club, in Canberra.
