David Cameron Faces Calls to Resign After Finally Admitting He Had Shares in Offshore Fund

After a week in which he has been forced into making daily public statements, British Prime Minister David Cameron finally admitted in a TV interview on Thursday that he once had a stake in his late father’s offshore trust, which was named in the Panama Papers.

Opposition politicians immediately called on him to resign for being “less than honest” with the British people, and demanded he publish full details of his tax arrangements immediately. The topic #ResignCameron was trending on Twitter on Friday morning.

Cameron told ITV News that he had owned shares in the Panamanian trust, Blairmore Holdings, but had sold them in 2010, before becoming prime minister.

“We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000,” he told the television channel.

“I paid income tax on the dividends. There was a profit on it but it was less than the capital gains tax allowance so I didn’t pay capital gains tax,” Cameron said.

Cameron was expected to publish his tax returns as soon as possible, said Sky News.

Read on.

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