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David Cameron admits he DID benefit from his father's offshore accounts

Downing Street has issued four statements on the issue before tonight.

Image: Christopher Furlong

AFTER FIVE DAYS of denials, British Prime Minister David Cameron has admitted he did in fact benefit from offshore accounts held by his father.

Upon Sunday’s release of the Panama Papers, which suggested Ian Cameron had held funds set up by law firm Mossack Fonseca, Downing Street issued strong denials.

However, tonight in an interview with ITV, Cameron admitted to making £30,000 (€37,000) after selling shares in a Bahamas-based trust.

Cameron said that he sold the shares in order to avoid a conflict of interests as he became Prime Minister.

“We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000,” Cameron said.

I sold them all in 2010, because if I was going to become prime minister I didn’t want anyone to say you have other agendas, vested interests.

Labour MP John Mann said that Cameron should resign.

“Cameron has been less than honest,” he wrote on Twitter.

“He should resign immediately. Most decent people would expect nothing less.

“He covered up and misled. How he got his shares is irrelevant. He has no choice but to resign.”

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