PM hits out at 'deeply hurtful' allegations against father

David Cameron has hit back at "deeply hurtful and profoundly untrue allegations" against his late father Ian in the tax affairs row.

He told the Commons his commercial investment in Blairmore Holdings was all above board and he had followed the rules "in full".

He explained: "There are thousands of these investments funds and many millions of people in Britain who own shares.

"Such funds, included those listed outside the UK, are included in the pension funds of local governments, most of Britain's largest companies and indeed some trade unions.

"Even a quick look shows the BBC, Mirror Group, Guardian newspapers and even to pick one council entirely at random - Islington (Jeremy Corbyn's constituency) - all have these sorts of overseas investments."

"This is entirely a standard practice and is not to avoid tax."

Cameron added he should have responded to allegations more quickly but was "angry" at how his father was being portrayed in the media.

"I know he was a hard-working man and a wonderful dad and I'm proud of everything he did in building a business and providing for his family."