[Ignitionnet]

The EU treaty veto is entirely irrelevant to this and the journalist pursuing his own agenda, however this is very true and very distasteful. The City is indeed wringing money out of the rest of us in many, many insidious ways.

Sadly London is a cesspit as far as finance goes due to years of light touch regulation. What it all comes down to in the end is the tax payer picking up the bill to either give or save companies money, though that's not uncommon, see banking bailout and tax credits for further examples of that.