“The more you hear Mr Brown, Mr Obama and the rest talk about tax havens, the more they have failed to agree on more important things. No one likes tax havens. They're the low-hanging fruit of the G20 process - saying rude things about the Swiss and the rest is pretty easy and uncontroversial. But it's also missing the point. This crisis didn't begin in Guernsey or the Caymans, it began in New York and London.
Remember that on April 2. If tax havens and offshore finance are anything but a minor part of the "global new deal" struck in London then Gordon Brown has failed.”