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The prime minister, in a BBC interview Sunday, said both sides must recognize the "very important role" that Britain's financial services industry plays for the EU and the U.K.That came two days after May rejected calls for a "passporting" agreement, which would let bankers and other professionals work in the EU with their U.K. qualifications, and vice versa. Such an arrangement would force Britain to accept rules made elsewhere, and that is unacceptable, she said.Britain's financial services industry employs about 2.2 million people and generates a trade surplus of $77 billion a year.
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