Helen Nugent

Money digest: today’s need-to-know financial news | 11 April 2016

Today’s newspapers – and the weekend press for that matter – are dominated by the story that refuses to go away. David Cameron must be wishing he could turn back time after a week defending his personal finances following the publication of the ‘Panama Papers’.

The leak of more than 11 million papers documenting the tax affairs of the rich and famous included information about the Prime Minister’s late father’s offshore fund. Amid mounting pressure and criticism over his handling of the revelations about his father, Cameron attempted to defuse the row by publishing data on his 2009-15 tax and earnings including a £200,000 gift from his mother.

The debacle has reignited the debate over inheritance tax thresholds and also led to calls for the Chancellor to publish details of his own finances.

Today the Prime Minister will face MPs for the first time since the leak.

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