05/04/2016 14:59 BST | Updated 06/04/2017 06:12 BST

David Cameron Has 'No Shares, No Offshore Trusts, No Offshore Funds'

David Cameron has said he has "no shares, no offshore trusts, no offshore funds," after questions were raised about his family's tax affairs following the Panama Papers data leak.

Labour has demanded an independent investigation into the tax affairs of those implicated by the records, which includes details about the Prime Minister's dead father, Ian Cameron.

During a visit to Birmingham, Mr Cameron said the information should be used to ensure that companies and individuals are paying the tax they should but sidestepped calls for a probe.

He said: "In terms of my own financial affairs, I own no shares. I have a salary as Prime Minister and I have some savings, which I get some interest from and I have a house, which we used to live in, which we now let out while we are living in Downing Street and that's all I have.

"I own no shares, no offshore trusts, no offshore funds, nothing like that. And, so that, I think, is a very clear description."