11/02/2015

Party Leaders Clash Over HSBC Allegations

David Cameron has been described as a "dodgy prime minister surrounded by dodgy donors", by Labour leader Ed Miliband.

The party leaders have clashed in the Commons over party donations.

Mr Miliband criticised the Conservatives over political donors who held Swiss bank accounts with HSBC. It follows allegations that the private bank may have helped clients avoid or evade tax.

In response, Mr Cameron accused Labour of being "controlled by trade union donations" and being a "friend of the tax dodger".

The row follows reports by Panorama and the Guardian newspaper, who both reported that a number of donors held Swiss HSBC band accounts.

The HSBC is currently under investigation over allegations of widespread tax avoidance and evasion schemes offered to clients.

(MH/CD)

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