Monevator becomes paid membership blog

lon_don

An unbiased financial assessment of Brexit is that it officially began in 2020 and the UK has since been the world's fastest-growing major G7 economy for 2 of the past 3 years.

Then this graph comes in handy, GDP from Q4 2019 to Q1 2023. Source as noted: ONS and statistics agencies

Millyonare

Brext started in 2020.
Not 2019.

This chart also comes in handy 😉

Rollinghome

Millyonare said:

Brext started in 2020.
Not 2019.

This chart also comes in handy 😉

That's right.  The good news is that once you hit rock bottom, the only way is up.  For how long we don't know, but we can all dream.

I note your diagram is from Conservative Post whose slogan is "Pumping positive press back into Britain". 

Albermarle

 So, was she wrong or was she right?       The camp that thing she was wrong have won at the moment because they removed her from power and the managed decline camp are now in charge.   However, only time will tell and nobody can really be sure.

Whether she was wrong or right, the markets did not like it, and they were the ones who effectively turfed her out.

A previous more famous Lady PM said ' you can't buck the market' , and in this case she was definitely proved right.

lon_don

Millyonare said:

Brext started in 2020.
Not 2019.

This chart also comes in handy 😉

The (nominally pro-brexit) government/parliament says
https://commonslibrary.parliament.uk/research-briefings/sn02784/
Compared to the pre-pandemic level, UK GDP in Q1 2023 was 0.5% lower. This compares with Eurozone GDP being 2.5% higher than its pre-pandemic level, while US GDP was 5.3% higher.

[End of] Q4 2019=latest pre-pandemic number  until [end of] Q1 2023=latest available number  in my book covers exactly 2020+2021+2022+Q1 2023  which seems to correspond with "Brext started in 2020"

But whatever, I am not really into arguing about Brexit again, I am just pointing out the numbers published by ONS/Parliament(/Bloomberg). Anyone is free to disagree with those purveyors of fake news.

Millyonare

Rollinghome said:

Millyonare said:

Brext started in 2020.
Not 2019.

This chart also comes in handy 😉

That's right.  The good news is that once you hit rock bottom, the only way is up.  For how long we don't know, but we can all dream.

I note your diagram is from Conservative Post whose slogan is "Pumping positive press back into Britain". 

Ah, the good old "attack the poster" deflection trick 😉

Good on them. The chart is sourced on official state data.

Conservatives are the world's oldest and most successful democratically elected party.

Britain needs more positive press. The relentless narrative of anti-Britain hysteria in the UK media is increasingly at odds with factual reality. From doom-loop recession predictions that are wrong, to Remain win predictions that are wrong, to inflation predictions that are wrong, to house price collapse forecasts that are wrong, to unemployment "predictions" that are wrong, over and over again, the populist hard-Left UK financial media -- egged on by the likes of the Bank of England -- are out of touch and get it (wildly) wrong. There is a pattern of failure. Whether you like it or not 😉

kuratowski

I don't particularly agree with the priorities Liz Truss espoused, but I thought the market response to it was a gross overreaction.  It's also obvious that regulatory failure (i.e. failure to control use of LDI by DB pension schemes) played a large part in the market instability, and that was nothing to do with her.

Getting back to the thread topic, like MoneySavingExpert, Monevator is a private site, and there's nothing wrong with them sharing their political views.  In some cases, those views may have a bearing on one's investment choices.  (Following ESG principles would be an example of this.)  However, the consequence of sharing such views will naturally limit their audience.  As Geoff and others pointed out already, there are plenty of other sources of information around, especially on passive investing.

EthicsGradient

Millyonare said:

Rollinghome said:

Millyonare said:

Brext started in 2020.
Not 2019.

This chart also comes in handy 😉

That's right.  The good news is that once you hit rock bottom, the only way is up.  For how long we don't know, but we can all dream.

I note your diagram is from Conservative Post whose slogan is "Pumping positive press back into Britain". 

Ah, the good old "attack the poster" deflection trick 😉

Good on them. The chart is sourced on official state data.

Conservatives are the world's oldest and most successful democratically elected party.

Britain needs more positive press. The relentless narrative of anti-Britain hysteria in the UK media is increasingly at odds with factual reality. From doom-loop recession predictions that are wrong, to Remain win predictions that are wrong, to inflation predictions that are wrong, to house price collapse forecasts that are wrong, to unemployment "predictions" that are wrong, over and over again, the populist hard-Left UK financial media -- egged on by the likes of the Bank of England -- are out of touch and get it (wildly) wrong. There is a pattern of failure. Whether you like it or not 😉

This started when someone complained that Monevator wasn't an "unbiased" financial source, because it points out the financial problems Brexit has caused. The ONS and Bloomberg are unbiased sources. The Covid pandemic was a major shock to world economies, and affected different ones by different amounts - among the G7, the UK was hit the worst. It makes objective sense to measure the current states of economies compared to the pre-pandemic position - which is why something like Bloomberg does. Just talking about 2021 and 2022, when the UK had to recover from its deeper trough, is a sign of a partisan talking point. 

Factual reality is what Bloomberg (an international, and very pro-business, media group) deals in. The "need" for "positive press" is either partisan, or wishful thinking. There is no "populist hard-Left UK financial media"- that is a hodge-podge of contradictory buzzwords.

Albermarle

Hopefully we can get back on topic, or I guess the thread will be removed sooner rather than later.....

dealyboy

It happens ... I've seen it a few times now where topics become sidetracked by contentious subjects, which in turn can provoke strong opinions.

The OP speaks ...
I personally do not have a problem in principle if there is a short diversion. There is an argument that Monevator itself is led by someone who has strong opinions expressed in their blogs regarding the negative effects of big decisions made by Governments. I think the problem for me is when this rhetoric pertains to Parties and dogma, and to individuals, then it becomes a distraction that we don't want to repeat here.