"UK Independence Party leader Nigel Farage said: "The City of London faces retribution as a result of Cameron's veto and every step must be taken to protect it from these attacks."
There are 110 banks in the City owned by France and Germany which could be caught up by the tax. Most of the 1,117 foreign banks and financial services firms in the capital are US-owned.
Mayor Boris Johnson used a speech to declare that the summit had left London as "the world capital of the 'Brics' ", meaning the booming economic powers of Brazil, Russia, India and China. He also said: "It would be surprising and perverse if there were to be any kinds of barriers to trade with the UK as a result of this. There is no reason to think the UK will be in any way damaged by the decision."
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