Britain's opposition Labour Party called on finance minister Rishi Sunak on Saturday to respond to claims in a newspaper report that he was listed as a beneficiary of offshore trusts linked to his wife's family business interests.
The Independent said trusts in the British Virgin Islands and the Cayman Islands were created to help manage the tax and business affairs of Sunak's wife Akshata Murty, whose father is an Indian billionaire, and some of them noted Sunak as a beneficiary in 2020.
Sunak won plaudits for hugely increasing public spending in response to the coronavirus crisis two years ago but his chances of one day succeeding Boris Johnson as prime minister have been dented recently.
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