April 8th, 2016  |  Source:

Irish bookmaker Paddy Power has been forced to cut David Cameron into 11/2 favourite to step down next in the Panama Papers scandal, after the Tory leader admitted  that he did have a profitable stake in his father’s offshore investment fund.

In Grand National week, Cameron’s long-overdue admission is the equivalent of a first fence faller, and Paddy has cut Cameron from 20/1 to just 11/2 to step down after a series of chunky bets in the Downing Street area.

Cameron is one of thousands of public figures and high-wealth individuals who have been identified since the scandal broke last week, after 11.5 million confidential documents providing details on over 214,000 offshore companies were leaked.

Over the past five days Downing Street staffers have repeatedly denied Cameron’s hand in the matter, but the PM came clean in an interview with ITV News last night – although reiterated he’d done nothing wrong.

The revelation has certainly trumped pig-gate for the our elected leader, and Cameron has hogged today’s front pages amid calls from Labour opposition for him to step down.

As the fallout from the unprecedented scandal continues, Argentina’s President Mauricio Macri remains solid in the betting at 8/1, while there’s been sweet money for Ukrainian leader Petro Poroshenko who has shortened from 10s into 8s.

Pakistan PM Nawaz Sharif remains at 10/1, while President Xi Jinping of China, Russia’s Putin, and Francois Hollande are all friendless in the betting so far at 33/1 apiece.

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