Thousands of people gathered outside U.K. Prime Minister David Cameron’s headquarters in London on Saturday, calling for his resignation after the Panama Papers, a massive data leak, revealed his connection to offshore funds.
The protesters accuse Cameron of hypocrisy because his government has publicly supported eliminating tax loopholes.
Critics crowded in the streets outside the prime minister’s official office and residence at 10 Downing Street in London Saturday. Supporters of the protest joined in on Twitter using the hashtags #ResignDavidCameron and #ResignCameron.
— lily (@lilyallen) April 9, 2016
The papers, published last Sunday through the International Consortium of Investigative Journalists (ICIJ), showed that Cameron’s father, who died in 2010, set up an offshore trust called Blairmore Holdings Inc. in the 1980s. Initially, when asked about his connection to the investment fund, Cameron evaded questions, dismissing it as a “private matter.”
After days of negative press, he told a British Television program on Thursday that he sold his shares in the trust shortly before becoming prime minister in 2010, estimating they were worth around 30,000 pounds, roughly $42,300.
He also said he had received an inheritance from his father of about ten times that amount, and said that he could not be certain where that money had come from.
Offshore accounts are not illegal, but shareholders often use them to avoid paying taxes, which the director of the ICIJ told PBS NewsHour looks “rather suspicious.”
On Saturday morning, Cameron told a group at a Conservative Party spring forum that he mishandled the situation.
“It’s not been a great week,” he said, prompting laughter from the crowd. “I know that I should have handled this better, I could have handled this better. I know that there are lessons to learn and I will learn them.” The crowd applauded.
Cameron said he was “very angry” about what people had said about his father, but promised he had done nothing illegal, and that he would make public his tax returns for this year and past ones.
Cameron is the latest in a line of political leaders drawn into controversy over connections to the Panama Papers in the week since they were published.
Iceland’s prime minister Sigmundur David Gunnlaugsson said Tuesday he would resign over revelations of his offshore investments.