Britain may recover billions of pounds of tax from wealthy Swiss bank accounts.

Hans-Rudolf Merz, Switzerland's finance minister, on Monday agreed "to begin ministerial negotiations with the aim that UK residents with Swiss bank accounts pay tax on the interest they earn", a Treasury source said. The commitment, signed after a meeting with George Osborne, is a way around Switzerland's famous banking secrecy laws.

Treasury to recover taxes from Swiss bank accounts

It appears that all the British tycoons who use Swiss bank accounts to get around the high taxes in Britain may have to start paying up. Surely this means they can give everyone a bit of the money back that they used for the bailouts?

Haha, as if.