3 ms·
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 re
by 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 agoIn 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 agoLook 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 agoThe 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.