Steerpike Steerpike

Lily Allen in a spin over David Cameron’s offshore trust stake

Oh dear. David Cameron’s bad day just got worse. After he admitted to previously owning shares in his father’s offshore fund, he has faced calls to resign. Now Lily Allen has promised to pay him a visit.

The Smile singer says she will be heading to No.10  tomorrow to take part in a protest calling for Cameron to resign. The news will no doubt come as a blow to the Prime Minister given that he previously claimed Allen’s music was unsuitable listening material for his children. Making clear her opposition to Cameron, Allen claimed on Twitter that he has been ‘stealing’ from the public and needs to resign:

Alas Allen has failed to offer up any evidence to back up her claim. Given that offshore does not automatically equal tax avoidance, Blairmore itself does not appear to have been used specifically to reduce Cameron’s tax bill. In fact, when he sold his shares, he paid income tax on the dividends:

‘I paid income tax on the dividends. There was a profit on it but it was less than the capital gains tax allowance so I didn’t pay capital gains tax. But it was subject to all the UK taxes in all the normal way.’

Still, given that Allen is taking such an avid interest in Cameron’s family’s tax affairs, perhaps it’s worth reminding readers of some her father Keith Allen’s comments on tax avoidance. In 2011, the comedian came to U2’s defence after the Irish band were accused of tax evasion over their offshore affairs:

‘That whole thing about getting U2 to pay their tax and whatever… I don’t actually hold with the argument.’

What ever would Lily say?

Steerpike
Written by
Steerpike

Steerpike is The Spectator's gossip columnist, serving up the latest tittle tattle from Westminster and beyond. Email tips to steerpike@spectator.co.uk or message @MrSteerpike

Topics in this article

Comments