They shouted that there were billions there, just for the taking. And then there wasn’t, sa there were very few tax evading accounts held by Brits in hte Swiss banks. As I said at the time there wouldn’t be. Because:
One of the most startling revelations from the HSBC files – which highlighted tax avoidance and evasion aided by the bank’s Swiss operation – was that while the bank’s customers from Brazil, France or Italy were often hiding their money illegally in the bank’s Swiss subsidiary, many UK resident non-doms were sheltering their assets in Switzerland with the full backing of British law.
Their argument now is that they said this all along of course. Yeah, right….