Well well, it seems this Panama Papers scandal has really gone badly for DC. His handling of the revelations regarding his fathers holdings (from a PR perspective) have been truly farcical. Anyway, this is just a short follow up to my previous post.
My conclusion to my previous post was that Cameron was Clueless, not Clued up. And in the wake of his declaration of owning £30,000 worth of assets in Blairemore holdings I feel I should clarify my current position.
David Cameron hails from a family with a strong history of stock broking, that he should invest at some point is no surprise to anyone. Anyone who has investments is likely to know exactly where all their money is invested, it can be quite a complicated process. It really isn’t unthinkable that DC might have forgotten where investments he sold six years ago had been invested because the Blairemore investments were probably not all he had invested, and quite frankly just because he is the Prime Minister it’s not necessarily any of our business where he put his money a decade ago as long as he cashed in his chips before becoming the top dog.
So I stand by my Clueless conviction. If Cameron had actually realised where a past investment had specifically been he’d say so. Oh and a final point, he’s done nothing illegal. To invest in USD Shares they need to be in a USD region, you cannot invest in US stocks directly from the UK, hence if you want to do so, you need to move that cash offshore.
Right, until the next scandal.