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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 'standing by Fink tax avoidance' comments

Ed Miliband is prepared to repeat allegations that former Tory party treasurer Stanley Fink engaged in "tax avoidance activities" without the cloak of parliamentary privilege, Labour deputy leader Harriet Harman has indicated.

Lord Fink said the comments by the Labour leader in the Commons during Prime Minister's Questions were "untrue and defamatory".

Miliband standing by Fink 'tax avoidance' comments Credit: PA Wire

But interviewed on BBC 2's Newsnight, Ms Harman insisted Mr Miliband stood by the comments he made during heated exchanges with David Cameron over allegations that HSBC's Swiss banking arm had helped thousands of clients avoid UK taxes.

Ms Harman said: "He stands by the assertion that these questions must be answered that ... there are concerns about tax avoidance."

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Miliband stands by Tory peer HSBC tax claims

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