Martin Sandbu
Martin Sandbu reposted
@martinsandbu.ft.com is spot on: unanimity defangs EU sanctions policy. "Some member states fear that their vital interests would be damaged by majority rulemaking. But in a world suddenly more filled with adversaries and enemies, going it alone is to accept being divided and ruled by others."
Martin Sandbu reposted
Martin Sandbu reposted
A big new story from us: a big new leak means that we can put numbers on the scale of A7 -- the Kremlin's huge money-laundering machine. $6.9bn laundered through the international banking system via SWIFT, with $1.1bn sent to StanChart alone. www.ft.com/content/3848...
Sorry Mark Carney, the world *does* need a rival great power with better manners as.ft.com/r/c591526a-3...
Martin Sandbu reposted
What would you ask the editor of the Financial Times over lunch? Here's your chance to do just that: Bid for lunch with @roulak.bsky.social at The Ritz in London and all proceeds go to FT FLIC, the FT-backed financial literacy charity Read all about it and bid at ft.com/auction
Martin Sandbu reposted
The trade wars were just a warm-up. Brace for the coming capital wars. as.ft.com/r/d9f246c1-d...
Martin Sandbu reposted
Martin Sandbu reposted
The trade wars were just a warm-up. Brace for the coming capital wars. as.ft.com/r/d9f246c1-d...
Martin Sandbu reposted
A must read from @martinsandbu.ft.com on the coming capital wars www.ft.com/content/735f...
Martin Sandbu reposted
Martin Sandbu reposted
@martinsandbu.ft.com: "to the extent that both public and private sectors adopt AI to guide decision-making — how much to invest; in what; how best to tax for desired policy outcomes? — our economies will look increasingly planned and decreasingly market-shaped" www.ft.com/content/cd3f...
Martin Sandbu reposted
Could AI replace the market economy? Really interesting thought experiment from @martinsandbu.ft.com www.ft.com/content/cd3f...
Martin Sandbu reposted
"The Hayekian conclusion always remained contingent — and only true so long as governments lacked the necessary informational and computational capacity for central planning to outdo free markets. The question is whether AI changes that," writes @martinsandbu.ft.com. www.ft.com/content/cd3f...
Feel good about yourself: Your summer holiday was a profoundly humanist act. as.ft.com/r/b9065953-4...
These charts need to be drawn for imports/exports from/to all countries, not just JP/SK/CH.
Brad Setser: "So when I scale the total impact of the China shock on the EU market i get an estimated impact -- from reduced exports to China and higher imports from China net of changes to imports from the rest of Asia -- of around 1.2m cars, or 10% of the mart" nitter.net/Brad_Setser/...
Martin Sandbu reposted
This is a fantastic piece by @martinsandbu.ft.com which should be required reading for Burnham/Healey/their advisers. [Don't necessarily agree with all of it, but it makes you think about the UK's economic predicament in a different way.]
Will Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Martin Sandbu reposted
Martin Sandbu reposted
Martin Sandbu reposted
Agree with this from @martinsandbu.ft.com & highly recommend his book, 'The Economics of Belonging', fleshing out the type of economic transition needed. However, it's possible Burnham's policies are merely symbolic at this stage to buy the political capital to 'go big'. www.ft.com/content/94a7...
Martin Sandbu reposted
Will Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Martin Sandbu reposted
A betting account in the name of George Cottrell, the convicted fraudster who bankrolled Nigel Farage, received almost $9mn in cryptocurrency from unidentified sources while he was providing gifts to the Reform UK leader great work from @annasophiegross.bsky.social www.ft.com/content/b74c...
Martin Sandbu reposted
The sacking of popular, modernising defence minister Mykahilo Fedorov exposed damaging divisions about Ukraine’s military strategy and armed forces’ willingness to address its shortcomings just as momentum in the war against Russia has swung in its favor. My report: www.ft.com/content/a200...
Martin Sandbu reposted
Martin Sandbu reposted
Ukraine has used a naval drone to transport a ground drone to attack Russia. www.businessinsider.com/ukraine-laun...
Martin Sandbu reposted
Good ideas about complementing the EU’s finances by @martinsandbu.ft.com But depressing bottomline: member states cannot escape the traditional political economy of budget talks and have already dug themselves deep into the usual trenches for net payers and net recipients” www.ft.com/content/127f...
Martin Sandbu reposted
The rather inconvenient facts around Europe's "China shock"... to be taken alongside the need to engage with the world's trade superpowers in the future. Though I'd suggest this is also why Member States push back against the worst rhetoric and protectionist ideas. www.ft.com/content/5817...
Martin Sandbu reposted
The EU has ways out of its budget trap www.ft.com/content/127f... By @martinsandbu.ft.com Side agreements and special purpose funds could bypass the usual trench warfare A.Úbide: "The budget is a clear political statement that Europe does not want to compete with China or the United States.”
Martin Sandbu reposted
@martinsandbu.ft.com: "If this budget proves irrelevant for Europe’s new challenges, alternative financial arrangements will be sought to do the job. We know this from experience" www.ft.com/content/127f...
Martin Sandbu reposted
excellent analysis of Europe’s budget discussions - supporting joint borrowing and issuance of an EU safe asset, by @martinsandbu.ft.com take note: @volteuropa.org @ecb.europa.eu @ec.europa.eu @vonderleyen.ec.europa.eu giftarticle.ft.com/giftarticle/... The EU has ways out of its budget trap
As some of us have been saying... www.ft.com/content/3407... - and stay tuned for today's Free Lunch newsletter, landing in an hour. www.ft.com/free-lunch
And voila, today's provocation. First 300 clicks free. as.ft.com/r/57b1888b-d...
This is a fair guide to most of the arguments around a wealth tax, from @soumayakeynes.ft.com. I would add what I think is one of the most powerful arguments in favour: that is encourages more productive investment than the more common alternative of taxing capital incomes. /
Who wants to tax a billionaire? My attempt to anger *everyone* in a fraught debate www.ft.com/content/bf18...
/ I wrote about this argument here, saying it makes the wealth tax the handmaiden of capitalism (because it rewards successful capitalists and punishes poor ones). www.ft.com/content/8b1a... The original paper by Guvenen et al is here: www.nber.org/system/files...
Martin Sandbu reposted
Martin Sandbu reposted
Martin Sandbu reposted
BOFIT Weekly Review 27/2026 Russia faces increasing challenges in balancing its economic policies Read more 🔗 bofit.fi/en/monitorin... #Russia #economy #BOFITWeeklyReview
But noooo, regulation holds back growth!
"France passed a single law and instantly unlocked 11 gigawatts of #solarenergy — without using new land. In 2023, France's government mandated solar canopies over all car parks larger than 80 spaces. The scale was enormous: There are 400,000 parking areas across France #ActOnClimate #Renewables
Martin Sandbu reposted
Striking fact about the Makerfield election: left-right divide has barely budged in the last three GEs (7 years). Lab+LD+Green have gained 53-56 per cent of the votes each time; Con+Ref+Restore 43-47. All the action has been voter movements within each tribe. (Table from @peterkellner.bsky.social)