UK: MPs have demanded David Cameron's immediate resignation, after being "less than 100% honest" about profiting from his father's offshore fund.
The Prime Minister finally cracked tonight after days of dodging questions over whether he had personally profited from his late father Ian’s investment firm, which was based in a tax haven in the Bahamas.
He admitted owning thousands of shares with wife Sam which he flogged for £30,000 just weeks before he became Prime Minister.
Labour MP John Mann said: “Cameron has been less than honest. He should resign immediately.
“Most decent people would expect nothing less.”
Lib Dem Leader Tim Farron said: “The Prime Minister has for days denied that he had offshore funds but has been dragged to the truth.
“For ordinary taxpayers to have faith in the system they have to be able to have faith in their leaders. They deserve better than half-truths and qualified statements.”
Labour MP Wes Streeting, a member of the Commons treasury committee, added: “Cameron’s credibility is lying in tatters. Having said he had nothing to hide it has taken days to drag the facts out of him."
Labour Deputy Leader Tom Watson said the PM should pay back all the profits he has made the Treasury immediately.
“The Prime Minister has previously described the actions of others who invested in these complex schemes as ‘morally wrong’,” Mr Watson said.
I’m sure he will now consider voluntarily paying the money that, in his own words, should morally belong to the Exchequer.”
He later told Sky News: "He may have to resign over this."