The issue was discussed by executives from financial institutions at the first breakfast meeting with new Treasury minister Mark Hoban.
Senior banking professionals from the likes of Citigroup, JPMorgan, Goldman Sachs and Credit Suisse were in attendance
An unnamed attendee told the Financial Times: âWe told him that competitiveness needs to be back on the agenda.
âBut it was not an emotional discussion. It was all very level-headed. And Hoban did not push back. He was in listening mode.â
The comments follow the introduction of the banker bonus tax in December of last year, which charged banks a 50 per cent rate on every additional pay out over Â£25,000.
Alistair Darling, the then chancellor of the exchequer, predicted that the one-off levy would earn the government Â£550 million but the figure climbed to Â£2.5 billion.
Meanwhile, Mr Hoban recently launched a consultation document on implementing a further levy on the âbalance sheetsâ of financial institutions which could also raise a further Â£2.5 billion for the government.
By Jim Ottewill