British financial-services companies will get no special favorsin Brexit negotiations from Prime Minister Theresa May, who wantsto change the relationship between the government and the City ofLondon.

According to three senior figures in May's administration, thegovernment will refuse to prioritize the protection of the sectorafter the U.K. has left the European Union. Her team has alsodismissed the key business demand for an interim deal with the EUto help ease the transition out of the bloc, one of the peoplesaid. All asked not to be named because the information issensitive.

Downgrading the concerns of the City, as the capital's financialdistrict is called, signals a clear break from May's predecessor,David Cameron, who put the risk to financial services at the heartof his failed referendum campaign to keep the U.K in theEU. Cameron argued that Brexit would be a high-stakes “gamble”for the U.K. and its financial-services sector, which accountsfor almost 12% of economic output and 1.1 million jobs.