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PM and Corbyn exchange blows over tax affairs

The prime minister traded blows with Jeremy Corbyn over tax affairs in the first PMQs since the Panama papers leak.

The Prime Minister drew attention to the Labour leader's 2014-15 tax return which did not contain details of his pension income and which was the subject of a £100 fine for being submitted late.

Mr Cameron said: "I thought your tax return was a metaphor for Labour policy - it was late, it was chaotic, it was inaccurate, it was uncosted."

Mr Corbyn hit back: "I'm grateful to the Prime Minister for drawing attention to my own tax return, warts and all.

"The warts being my handwriting, all being my generous donation to HMRC - I actually paid more tax than some companies owned by people that you might know quite well."