Your description sounds good but not good enough. Trump will not ride in an open vehicle down The Mall.
I suspect the President's own security people may try to persuade him not to do it - and they might succeed. But that's between him and them. It won't be because the British government doesn't want it to happen - while there are certainly some people in the British government who don't like Trump, they wouldn't be allowed to hand out that sort of insult.