According to a Financial Times article: "City of London pushes for lower taxes to sweeten Brexit pill... Senior financiers draw up ways to protect the UK sector's interests"
They will be pushing for lower taxes and looser regulation to help maintain Britain's appeal. They do not want a regulatory bonfire, but that a tonal shift is necessary.
Mr McFarlane said "There needs to be a tangible, compelling economic collateral reason to be here or to do business here, rather than somewhere else, and this needs to be renewed continually"
Should the government be taking these measures or protect the City of London, or should they do something else?