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Miliband stands by Tory peer HSBC tax claims

Labour leader Ed Miliband called on Prime Minister David Cameron to "say what steps he is going to take to find out about the tax avoidance activities of Lord Fink".

Miliband told journalists, "Lord Fink challenged me to stand by what I said. I do".

Lord Fink admitted taking "vanilla" measures to reduce his liabilities a day after threatening to sue the Labour leader for accusing him of tax avoidance.

HSBC's Geneva office is currently facing allegations that staff encouraged customers to dodge tax.

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Fink: Miliband's comments are 'major climbdown'

Lord Fink has said Ed Miliband stopping short of repeating his full comments about him as he did in the Commons yesterday was a "major climbdown".

Yesterday I challenged Ed Miliband to repeat the accusations he made in the Commons - that I used an HSBC bank account to avoid tax and that I was a 'dodgy donor'. He did not. This is a major climbdown by a man who is willing to smear without getting his facts straight."

– Lord Fink
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Miliband stands by Tory peer HSBC tax claims

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