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Posh Cameron's Wealth Problem Returns as `Brexit' Threat Looms

  • U.K. public dislikes idea of rich politicians, professor says
  • Cameron had 30,000 pounds in fund, inherited 300,000 pounds
Britain's Prime Minister David Cameron.

Britain's Prime Minister David Cameron.

Photographer: Christopher Furlong/AFP via Getty Images

U.K. Prime Minister David Cameron’s admission that he benefited from a fund based in Panama doesn’t give evidence of tax avoidance, but it does serve to remind the British public that he’s posh.

Cameron sought to draw a line under the furor that engulfed him this week following revelations that his late father, Ian, was director of a fund mentioned in documents leaked from a Panamanian law firm. He told ITV News late Thursday that he and his wife once owned a stake in the fund, selling it for about 30,000 pounds ($42,000) shortly before he became prime minister.