The much-discussed Financial Transactions Tax issue already requires unanimity and therefore could never be imposed on the City of London without Britain's agreement. What is more, as was pointed out in Brussels with some vehemence, when it comes to financial services there have hardly ever been any cases of Britain being outvoted in the adoption of such legislation.
I wouldn't be surprised if Cameron actually didn't know this
― his venerable escutcheon, Saturday, 10 December 2011 15:46 (twelve years ago) link
Can't remember who said this bit I read something yesterday heavily implying that Sarkozy doesn't actually want a financial transactions tax and has engineered a situation where it can be scuppered and blamed on Cameron.
― Matt DC, Saturday, 10 December 2011 16:41 (twelve years ago) link