""I'd be very surprised if this would have been true for countries outside the Eurozone. Could you produce your source for that assertion, Don.""

BBC NEWS! I understood from the analysis of that news by at least three individual financial "experts" that the twenty six had agreed to oversight of there fiscal activities by Brussels, not just the Eurozone seventeen.

If I am wrong, it is because I took three such statements to be likely, on the balance of probabilities, to be correct.

In any case, the suggestion that allowing a foreign power to tax and monitor the City would not trigger a referendum would be very much open to challenge, and a judge might decide that it would indeed trigger the requirements of the new law. The government would then have to obey its own Act of Parliament.

Don T.