Prime Minister David Cameron should be sent to prison for profiting from shares in his father’s offshore investment fund, former Mayor of London Ken Livingstone has told RT.
Livingstone said the Panama Papers scandal is “incredibly damaging” for the PM.
He went on to call Cameron the “most hypocritical prime minister of my lifetime” and described his administration as the “most damaging government.”
Speaking to RT, the former Labour mayor said: “I think he should resign, you know, right when he started his term of office, his has been the most damaging government, [inflicting] huge damage to the poorest people, to communities that desperately need investment.
“Cameron’s government, for the last six years, has been about a small elite getting richer while the poorer get left behind.
“He shouldn’t just resign, he should be sent to prison.”
Livingstone highlighted the history behind secretive offshore tax havens, blaming the late former Prime Minister Margaret Thatcher for deregulating Britain’s financial system.
This deregulation enabled wealthy people to move their money abroad to avoid paying UK tax.
Livingstone said the PM’s late father, Ian Cameron, “spent 30 years laundering money through Panama and didn’t pay a penny of tax to Britain.
“And then his son was in denial, refusing to be honest about all of this.”