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The EU will not allow Britain to cling to advantages for its financial industry while blocking free movement of labour in the wake of Brexit, commissioner Valdis Dombrovsksis warned Thursday.London's financial district has benefited from Britain's EU membership as a foothold in the single market for British and non-EU banks.The commissioner offered some crumbs of comfort for the U.K., saying that the question of passporting was "not immediately up for discussion" -- and noted that new prime minister Theresa May has yet to trigger a two-year exit negotiation period.In the meantime, he said, the U.K. remains an EU member and will have to implement any and all financial regulation decided on by Brussels.
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