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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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Miliband stands by Lord Fink claims outside Commons

Ed Miliband has stood by his claims that Lord Fink was avoiding paying tax through HSBC outside the Commons.

The Labour leader said: "You may have noticed this government likes to talk big on tax avoidance but it acts small.

"Yesterday, the Conservative donor Lord Fink challenged me to stand by what I said in the House of Commons, that he was engaging in tax avoidance activities. I do."

Making comments outside parliament means he loses any parliamentary privilege which could protect him from legal action.

But he stopped short of calling Lord Fink "dodgy", for which the Tory donor had threatened to sue him for.

It comes after Fink admitted to "vanilla" tax avoidance today.

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Miliband stands by Tory peer HSBC tax claims

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