The sordid story involving David Cameron

As I write, the Palace of Westminster will be full of gossip and poisonous intrigue — from Tories and Labour MPs alike — as to David Cameron’s attempts yesterday at absolution from any connection with Blairmore Holdings, the tax-dodging firm, his father set up and which is still operational.

Cameron was ultra-careful yesterday in using the present tense when saying he was receiving no income from the firm. He didn’t say whether he’s been receiving income in the past or whether his children will not benefit from the firm in future years.

Strictly speaking, Cameron has done nothing illegal. It’s just that he might have been less than frank on a subject which has now become a red-hot issue in modern politics in all advanced countries, particularly since the 2008 crisis. This was also the case of Sigmundur Gunnslaugson, the prime minister of Iceland who also had broken no law but had been less than frank about his connection with Mossack Fonseca, the Panamanian law firm of, now, dubious legality.

Mr Gunnslaugson felt he had to resign. Perhaps David Cameron might have to do so — that is, long before he’d ever intended to. It’s a fascinating, though sordid, story that will keep London’s journalists busy all day

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