Panama Papers: UK's Cameron fights back in parliament

Panama Papers: UK's Cameron fights back in parliament
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Britain's Prime Minister David Cameron has fought back after days of criticism over his finances, lashing out at what he called hurtful and untrue allegations about his late father's investments, sparked by the Panama Papers leaks

Trying to restore his government's shaken reputation, Cameron insisted on Monday that "aspiration and wealth creation are not somehow dirty words" and said the UK was acting to stop evasion in overseas tax havens.

Cameron has been under mounting pressure since his father, Ian Cameron, was identified as a client of a Panamanian law firm that specialises in helping the wealthy reduce their tax burdens.

The prime minister initially refused to say whether he had a stake in Blairmore Holdings, an offshore firm established by his father, before acknowledging he had sold his shares in it shortly before he was elected in 2010.

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