Following the release of the Panama Papers, and UK PM David Cameron's admission that he had a stake in his father's offshore trust, earlier today the Prime Minister admitted that he "mishandled the fallout" from his links to the Panama offshore fund scandal, SkyNews reports.
The PM has been accused of "misleading the public" after admitting he made money from the sale of those shares, which he disposed of in 2010. Downing Street had initially said Mr Cameron's financial affairs were a "private matter", before backtracking.
Quote Cameron: ""I know that I should have handled this better. I could have handled this better. I know there are lessons to learn and I will learn them."
"Don't blame number ten Downing St or nameless advisers. Blame me, and I will learn the lessons."
"I was very angry about what people were saying about my dad. I love my dad. I miss him every day. He was a wonderful father and I'm very proud of everything he did. But I mustn't let that cloud the picture and the facts are these, the facts are that I bought shares in a unit trust shares that are like any other sorts of shares and I paid tax on them in exactly the same way."
"I sold those shares and in fact I sold all the shares that I owned on becoming Prime Minister. And later on I will be publishing my... The information that goes into my tax return, not just for this year but for years gone by because I want to be completely transparent and open about these things. I will be the first Prime Minister, first leader of a major political party to do that, but I think it is the right thing to do."
Cameron concluded that "it has not been a great week." It got worse when a Sky News poll found that a majority of Britons - some 57% - trust Prime Minister David Cameron less now than they did before the scandal emerged. Cameron faced accusations of hypocrisy because of his previous tough talk on tax avoidance.
Meanwhile, since noon GMT time, protesters have been gathering in front of UK Prime Minister David Cameron’s 10 Downing Street residence in London to call for his resignation. The demonstration has been called as a consequence of Panama Papers leak, which involves Cameron’s family and earnings.
According to the organizers, the protest will end only after he resigns.