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G8 vow to tackle tax avoidance

An agreement has been reached by world leaders at the G8 summit on tackling money-laundering and "shell companies" which are used to evade tax, the Government has announced

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Dress down Dave enjoys 'smart casual' G8 fashion

G8 leaders have been sporting open neck shirts at this year's summit in Fermanagh, at the request of Prime Minister David Cameron, the Evening Standard reports.

Ties are notably absent, as part of the "smart casual" dress code. Credit: Reuters/Yves Herman

Chancellor George Osborne explained:

"I did what I was told to do which was turn up in what they call ‘smart casual wear’ – I followed to the letter.

"The interesting thing about this conference… is, it is informal. Despite the enormous fuss that goes with having a conference like this, despite the huge media presence, actually when you get into the hotel it’s quite intimate and informal.”

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