The EU Treaty would also expand the policy areas subject to "qualified majorityvoting" - rather than allowing all 27 member states a veto - and establish an EU high representative for foreign affairs.
The long-term budget for 2014-20 requires unanimity among the 27 member states, giving the UK a veto - but the budget for the single year 2013 is decided by qualifiedmajorityvoting, meaning Britain could be over-ruled.
The argument about City regulations was about the danger of a newly united eurozone being able to outvote the UK - using qualifiedmajorityvoting or QMV - under new rules which are still due to come in 2014.