David Cameron admits he handled the situation badly, Calls for Cameron to resign
Protests outside Downing Street.
What is happening?
The British Prime Minister has admitted he should have handled scrutiny of his family’s tax arrangements better
David Cameron has promised he will learn lessons from the days of negative media coverage and calls for his resignation.
After four days and four different statements over his late father’s inclusion in the “Panama Papers”, Cameron admitted on Thursday he once had a stake in his father’s offshore trust.
“Well, it’s 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.” he told supporters in London on Saturday.
Cameron sold the shares in 2010, before becoming prime minister.
Cameron’s poll rating
Latest research reveals David Cameron’s popularity is now at its lowest since June 2013.
For the first time, it is lower than Opposition leader Jeremy Corbyn’s.
34% say Cameron is doing well
58% say he is doing badly
30% say Jeremy Corbyn is doing well
52% say he is doing badly
11 million documents held by Panamanian law firm Mossack Fonseca
Leaked to the press, details published
The documents show that David Cameron bought 30,000 UK pounds worth of shares in Blairmore, a Panama and Bahamas-based offshore investment fund owned by his father, Ian.
fund has never paid tax in the UK.
Who said what and when
Monday – “Most of you seem to be aware that the story was written in 2012 and we responded at the time. I don’t have anything to add to that.” – No 10 spokeswoman briefs the press.
Tuesday – “In terms of my own financial affairs, I own no shares. I have a salary as prime minister and I have some savings.” – David Cameron.
Tuesday – “To be clear, the prime minister, his wife and their children do not benefit from any offshore funds. The prime minister owns no shares. As has been previously reported, Mrs Cameron owns a small number of shares connected to her father’s land, which she declares on her tax return” – Downing Street statement.
Wednesday – “There are no offshore funds/trusts which the prime minister, Mrs Cameron or their children will benefit from in future” – further Downing Street statement
Thursday – “We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010” – David Cameron tells ITV news.
The situation by the end of the week
Calls for Cameron to resign.
Bets being placed on a leadership challenge by the end of the year
Public trust in his leadership has taken a knock
Some it might influence the outcome of the upcoming Brexit referendum.
Protesters have gathered outside 10 Downing Street, David Cameron’s official residence in London.
They are calling on the Prime Minister to “close tax loopholes or resign”.