£1 billion tax bill nonsense says Chief Minister

Claims that tax evaders using the Crown Dependencies could owe £1 billion are a ‘figment’ of the UK Chancellor’s imagination.

So says Chief Minister Allan Bell who has refuted George Osborne's suggestion that the Island – along with Jersey and Guernsey – is harbouring that amount of UK taxpayers’ money.

According to the UK Exchequer Secretary David Gauke, a clampdown could bring in more than £1bn in previously unpaid tax over the next five years.

But Mr Bell says that's nonsense