Panama Papers: Cameron still under pressure over father's offshore trust

UK Prime Minister David Cameron was still be being pressed on Wednesday about whether or not he had benefited from an offshore fund set up by his father, revealed in the Panama Papers documents leak.

A spokesman for the Prime Minister said he and his family would not benefit from offshore trusts in the future but there was no comment on whether he had done so in the past.

It was the third attempt in the last 24 hours by Downing Street to put the matter to rest, but opposition politicians said an investigation into all Britons linked to allegations of tax evasion via offshore havens should be set up.

In response to a direct question on whether he had benefited, or would do so in the future, from Blairmore, an investment fund run from the Bahamas that was set up by his late father Ian Cameron, the Prime Minister said: "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 and 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."

However, opposition Labour Party leader Jeremy Corbyn increased the pressure on Cameron by calling for a probe into the matter. "I think the Prime Minister, in his own interest, should tell us exactly what's been going on.”

"It's a private matter in so far as it's a privately held interest, but it's not a private matter if tax has not been paid. So an investigation must take place, an independent investigation."

Labour MP Wes Streeting, a member of the all-party Treasury select committee said Cameron must clarify whether he has previously benefited from any off-shore funds.

"I think where David Cameron made a rod for his own back yesterday was issuing quite a qualified statement that then led people to think 'is he being shady about this, is he being evasive, are there further questions to ask'.” he told the BBC.

"I think there are still questions about whether or not he benefited in the past."

The leaked documents from Panama-based law firm Mossack Fonseca revealed that Ian Cameron, who died in 2010, was one of five UK directors of Blairmore.

Cameron senior and other board members flew to board meetings in the Bahamas or Switzerland. There were also three directors in Switzerland and three in the Bahamas.