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The FT isn't objective. It doesn't even pretend it's objective these days. It literally flew the EU flag outside its offices for years after the UK left, and it

by qcnguy 1y ago

The FT isn't objective. It doesn't even pretend it's objective these days. It literally flew the EU flag outside its offices for years after the UK left, and its editorial line was exactly what you'd expect.

teamonkey 1y ago
The FT has a bias towards Finance of course, but it is read by people who make financial decisions based on world economic events and these people need it to represent reality. The reason they were pro-EU is that there were no realistic arguments where Brexit would benefit The UK’s businesses, finance sector or economy as a whole.
- qcnguy 1y ago
  In the past, yes, the FT was like that. But not for a long time. It's like thinking professional economists all read The Economist. I know professional investors, a few of them read the WSJ but not yet met one who cared about what the FT think. Mostly they get info from more specialized publications. They were pro-EU for ideological reasons. Leaving had no effect on the British economy, which isn't what they predicted.
  - teamonkey 1y ago
    > Leaving had no effect on the British economy I think this statement contradicts reality somewhat.
    - qcnguy 1y ago
      Look up the data for yourself. Imports/exports glitched briefly then went right back to their prior levels and trends. There's no observable Brexit impact in economic performance: Britain has continued to roughly follow its neighbours in terms of GDP growth etc.
  - HarHarVeryFunny 1y ago
    The UK has suffered massively due to Brexit - many industries such as construction and hospitality (hotels, restaurants) are still heavily understaffed due to the fallout of foreigners leaving.
johnnyanmac 1y ago
Is any news site these days even pretending to be objective? The best news sites these days are aggregating all the biased sources together and presenting the full spectrum. Something like Ground News, but even there I'm not sure I trust their algorithmic weighing.
HarHarVeryFunny 1y ago
Sitting on the fence, giving equal time to both sides, and ignoring reality is not being objective. If being a member of the EU was objectively a benefit to most UK businesses then that is what I would hope to read in an FT editorial, not some Kumbaya "it's all good, we have no opinion".

by qcnguy 1y ago

teamonkey 1y ago

The FT has a bias towards Finance of course, but it is read by people who make financial decisions based on world economic events and these people need it to represent reality. The reason they were pro-EU is that there were no realistic arguments where Brexit would benefit The UK’s businesses, finance sector or economy as a whole.

qcnguy 1y ago
In the past, yes, the FT was like that. But not for a long time. It's like thinking professional economists all read The Economist. I know professional investors, a few of them read the WSJ but not yet met one who cared about what the FT think. Mostly they get info from more specialized publications. They were pro-EU for ideological reasons. Leaving had no effect on the British economy, which isn't what they predicted.
- teamonkey 1y ago
  > Leaving had no effect on the British economy I think this statement contradicts reality somewhat.
  - qcnguy 1y ago
    Look up the data for yourself. Imports/exports glitched briefly then went right back to their prior levels and trends. There's no observable Brexit impact in economic performance: Britain has continued to roughly follow its neighbours in terms of GDP growth etc.
- HarHarVeryFunny 1y ago
  The UK has suffered massively due to Brexit - many industries such as construction and hospitality (hotels, restaurants) are still heavily understaffed due to the fallout of foreigners leaving.

johnnyanmac 1y ago

Is any news site these days even pretending to be objective? The best news sites these days are aggregating all the biased sources together and presenting the full spectrum. Something like Ground News, but even there I'm not sure I trust their algorithmic weighing.

HarHarVeryFunny 1y ago

Sitting on the fence, giving equal time to both sides, and ignoring reality is not being objective. If being a member of the EU was objectively a benefit to most UK businesses then that is what I would hope to read in an FT editorial, not some Kumbaya "it's all good, we have no opinion".