David Cameron says wealth is 'not a dirty word' following tax row

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UK Telegraph:

Wealth is not a “dirty word”, David Cameron said last night as he finally sought to fightback against a growing "lynch mob" unleashed in the wake of disclosures about the Prime Minister's financial affairs.

After more than a week of Government turmoil prompted by the release of financial information from a Panamian law firm, Mr Cameron yesterday defended the right of “aspirational” British families to earn money.

Mr Cameron, who became the first Prime Minister to publish detailed records of his own tax payments, defended the “right of every British citizen to make money lawfully” and said parents who give large financial gifts to their children should be “proudly” supported by the Government.

His intervention came as Jeremy Corbyn and the Labour Party sought to turn a row over the Prime Minister's finances into a wider issue about the taxation of wealth and entrepreneurs.

The Labour Party has called for a review of inheritance tax rules and higher taxes on the "rich".

The Labour leader disclosed yesterday that he has no savings whatsoever and his personal finances are almost entirely funded by the state - in the form of his salary and generous gold-plated pension.

Downing Street was previously accused of fuelling the Labour anti-wealth agenda by promising to crack down on tax avoidance - and publishing the Prime Minister's tax records - rather than speaking up for the benefits of enterprise and wealth creation.

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Then why try to hide it?