This is a really sobering analysis, but I believe it is essentially correct.

https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie

Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

Yes, I give a fig... thoughts on markets from Michael Green
@creachadair Rings true for the situation in the UK as well