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EU flag A demonstrator waves a European Union (EU) flag and a Union flag, also known as a Union Jack, during an anti-Brexit demonstration outside Parliament in London, U.K., on Wednesday, March 28, 2018. (Photo: Simon Dawson/Bloomberg)

(Bloomberg) – The U.K. is facing a grim future after Brexit because of the failure of its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial Times.

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