David Cameron admits he should have handled tax affairs row 'better'

David Cameron has conceded "it has not been a great week" and admitted he could have handled the row over his financial affairs better as he confirmed he would publish his tax returns.

On Thursday, the prime minister admitted in an interview with ITV News that he and his wife owned shares in an offshore Panamanian trust set up by his late father, before selling them for around £30,000 in 2010.

Earlier in the week, Downing Street had issued four statements on the matter, initially saying it was a "private matter" whether the Cameron family still had funds in offshore investments, before stating they "do not benefit from any offshore funds" and there are none they will benefit from in the future.

• Cameron on being "very angry" about late father accusations

Mr Cameron also said he was "obviously very angry" about what people were saying about his late father.

"I love my Dad, I miss him every day. He was a wonderful father and I'm very proud of everything he did, Mr Cameron told the Conservative spring forum.

"But I mustn't let that cloud the picture. And the facts are these. The facts are, I bought shares in a unit trust. Shares that are like any other sorts of shares and paid tax on them in exactly the same way."

"I sold all the shares I owned on becoming prime minister," he added.

• Tax returns to be published to be "completely transparent"

Mr Cameron also confirmed he would publish his tax returns for this year and "years gone past, because I want to be completely transparent and open about these things".

He added: "I'll be the first prime minister, the first leader of a major political party to do that but I think it's the right thing to do.

Labour leader Jeremy Corbyn has called for the Prime Minister to make a formal Commons statement on the issue, claiming Mr Cameron had "misled the public" and "lost the trust of the British people".