New Times,
New Thinking.

  1. Election 2024
  2. The Staggers
5 April 2016updated 27 Jul 2021 8:22am

David Cameron’s Panama Papers response: “I have no shares, no offshore trusts, no offshore funds“

The Prime Minister has commented on claims about his father's offshore funds.

By Anoosh Chakelian

David Cameron has responded to calls for an investigation into his tax arrangements, following the huge offshore accounts leak dubbed the “Panama Papers”.

He said:

“The two things I’m responsible for are my own financial affairs and for the tax system of the United Kingdom. In terms of my own financial affairs, I own no shares. I have a salary as Prime Minister, and I have some savings, which I get some interest from. I have a house, which we used to live in, which we now let out while we’re living in Downing Street. And that’s all I have. I have no shares, no offshore trusts, no offshore funds, nothing like that . . . 

“I would say that no government, no prime minister, has done more to make sure we crack down on tax evasion, on aggressive tax avoidance, on aggressive tax planning, both here in the UK and internationally. We have recovered billions of pounds in our country by changing tax regulation and rules in budget after budget.”

His affairs have been called into question in light of details revealed about his father’s offshore fund.

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.

The Prime Minister added:

“The investigation we need, first of all, is for HMRC, our tax authority, to use all the information that is coming out of Panama to make sure that everything is done to make sure that companies and individuals are paying their taxes properly.

“In many ways what’s coming out of Panama is actually what we’re introducing in our own country, which is a register of beneficial ownership so everyone can see who owns what company.”

Content from our partners
<strong>The future of private credit</strong>
Peatlands are nature's unsung climate warriors
How the apprenticeship levy helps small businesses to transform their workforce