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That would be an excellent negotiating strategy.
I can't really see what the counter move would be.
... other than just totally lie about the terms of the deal.
hugo7-
I know little of these things but could the UK accept such a deal and then reduce corporation tax further to keep the City. Like way low. The government could recoup loss with increasing income tax, VAT, council tax and reduce welfare. They could put the blame on Brexit and the EU now hating us. It even sounds like something the Tories would do.
Baerli_Baer
One of the theories going round is that in the Brexit negotiations, France and Germany will allow the UK access to the single market + a 'hand-brake' on free movement of people, but will not allow passporting.
This will make it all but impossible for the Leave government to refuse, as they get everything they promised in the referendum, but the UK will lose a large part of the City.