Chancellor in £5bn tax raid on Britons' Swiss accounts

George Osborne announced an agreement with the Swiss authorities to attempt to recover tax on an estimated £125bn kept in the famously discreet banking system. Announcing the deal, Mr Osborne launched a strong attack on wealthy tax evaders, likening them to benefits cheats. Telegraph MORE Chancellor George Osborne will meet European finance ministers today to discuss the details of a possible bail-out of Portugal, amid fears that British tax-payers will have to find more than £4 billion as part of a rescue package. Telegraph MORE The US budget watchdog has cut the country's debt fo...