Brexit Could Harm City of London on Passport Loss, Lawmakers Say

shopping district in London, U.K., on Thursday, May 26, 2016. Newly elected Mayor Sadiq Khan has dropped the Greater London Authority's objection to London City Airport's plan to purchase land it will need if its expansion plans are approved by the U.K. government later this year.

Photographer: Chris Ratcliffe/Bloomberg

A U.K. vote to leave the European Union could diminish the country’s financial-services industry by leading to the relocation of some activities to the continent, the House of Commons Treasury Committee said.

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