Best of the Web: Demand for non-UK savings accounts soars

The Times says offshore providers are offering four out of the five top-paying savings accounts as British banks find it more difficult to offer the best rates following the Bank of England's six consecutive interest rate cuts. Switzerland, Austria, Luxembourg and many offshore finance centres could face intensified pressure to reduce bank secrecy and shake the tax haven label as G20 leaders seek to reform the global financial system, reports Reuters. The Organization for Economic Co-operation and Development has supplied governments with a long list of places where bank secrecy rules a...