Saturday, 9 April 2016

PM: Blame Me For Panama Accounts Fallout

The Prime Minister has admitted that he mishandled the fallout from his links to the Panama offshore fund scandal.
David Cameron said it had not been a "great week" following revelations that he bought shares in an investment fund operated by his late father Ian.
The PM has been accused of "misleading the public" after admitting he made money from the sale of those shares, which he disposed of in 2010.
Downing Street had initially said Mr Cameron's financial affairs were a "private matter", before backtracking.
Speaking to a meeting of Conservative Party activists, he repeated an earlier pledge to publish the information that goes into his tax return.
Mr Cameron said: "Well, it has not been a great week.
"I know that I should have handled this better. I could have handled this better. I know there are lessons to learn and I will learn them.
"Don't blame number ten Downing Street or nameless advisers. Blame me, and I will learn the lessons.
"I was very angry about what people were saying about my dad. I love my dad. I miss him every day. He was a wonderful father and I'm very proud of everything he did.
"But I mustn't let that cloud the picture... I bought shares ... and I paid tax on them.
"I sold those shares and, in fact I, sold all the shares that I owned on becoming Prime Minister.
"And later on I will be publishing my... The information that goes into my tax return, not just for this year but for years gone by because I want to be completely transparent and open about these things.
"I will be the first Prime Minister, first leader of a major political party to do that, but I think it is the right thing to do."
It comes after a Sky Data Snap Poll found that a majority of Britons - some 57% - trust Mr Cameron less now than they did before the scandal emerged.
The PM faced accusations of hypocrisy because of his previous tough talk on tax avoidance.
Ian Cameron's links to the so-called Panama Papers emerged after a leak of millions of documents from a Panamanian law firm that helped individuals and companies hide money in offshore accounts.
It took five statements before Downing Street admitted that Mr Cameron and his wife sold shares worth more than £30,000 in his father's fund - called Blairmore Holdings - shortly before he became PM.
As the activists listened, protesters took to the streets outside Downing Street to demonstrate against Mr Cameron's premiership.
Meanwhile, Boris Johnson, who earlier appeared on the same platform in support of London mayoral candidate Zac Goldsmith, replied to a question asking if he had ever benefited from an offshore trust by saying: "You've got to be joking."

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