John McDonnell MP, Labour’s Shadow Chancellor, responding to the reports today linking the Conservative Party and the ‘Panama Papers’, said: “The Tories can’t continue to hide from this issue. It is clear that they have questions to answer and we can’t afford for the public to lose faith in the political process.
"The Prime Minister should lead by example and come out and set the record straight on his own tax affairs – we need full and total transparency.
"We also need to know the truth behind reports that the Conservative Party has received substantial donations from those linked to this scandal. The Tories should come clean and set out exactly what the situation is – is the Prime Minister happy to receive money from big donors who are accused of tax avoidance?
"Because it is those taxpayers who pay their fair share in taxes who have to shoulder the burden for those who do not. This is a basic principle that any party of government cannot take lightly.”