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Cameron admits he made money from father’s Panama fund

David Cameron last night bowed to a week of political pressure and disclosed that he had made money from an offshore fund.

After days of semi-denials and artfully crafted statements, the prime minister admitted that he and his wife sold shares of than £30,000 in an offshore fund set up in Panama by his father, who died in 2010.

The admission on ITV News was an awkward moment for Mr Cameron, whose slowly evolving response to the Panama Papers had led Labour to claim he had something to hide.

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