Cameron Slams 'Hurtful' Claims About Family's Finances

(LONDON) —British Prime Minister David Cameron has lashed out at "deeply hurtful and profoundly untrue" claims made about his late father's financial arrangements.

Cameron told lawmakers in the House of Commons Monday that his father set up an offshore firm for investment purposes and not to avoid tax.

He said the firm, Blairmore Holdings, was set up following "an entirely standard practice and ... not to avoid tax.