Britain’s Shadow Chancellor John McDonnell has called on the Queen to open up her full financial records in the wake of revelations that millions of pounds of her private money is invested in overseas tax havens.
A huge leak of over 13 million financial documents— referred to as the Paradise Papers— revealed over the weekend that the Duchy of Lancaster, which manages investments for the Queen’s £520m private estate, invested around £10m in the Cayman Islands and Bermuda-based funds to evade taxes.
In an exclusive interview with The Independent, McDonnell said the revelation “demonstrates there’s a culture that has been developed even amongst advisers to the Queen that this is acceptable.”’
“The whole culture needs to change and that’s what we’re challenging,” he said.
Asked whether the Queen’s full…