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Free Lunch

Global economics briefing

Martin Sandbu’s Free Lunch is the FT’s weekly newsletter on the global economic policy debate. Free for premium subscribers, it is sent out every Thursday lunchtime in Europe, and offers a spirited opinion on the latest commentary and stories.

Sign up to the newsletter here

  • Thursday, 3 October, 2024
    Martin Sandbu
    How to fragment the global economy Premium content

    The many ways in which the big blocs can make it hard to stay non-aligned

    Cranes used for shipping containers rise from the Port of Newark, visible across the water. In the foreground, people with bicycles stand near a railing looking out over the water
  • Thursday, 26 September, 2024
    Martin Sandbu
    Digging into France’s fiscal mess Premium content

    It has always been a high-tax, high-spend country, so why have things been getting worse?

    A morning rush hour commuter walks near skyscrapers in the La Defense business district in Paris, France. The person is silhouetted against the backdrop of modern glass buildings and reflections.
  • Thursday, 19 September, 2024
    Martin Sandbu
    Must countries choose between the west and China? Premium content

    The ‘in-betweeners’ have profited from diverse trade relations — but may increasingly have to choose sides

    Motorists ride past large green gantry cranes at the Jawaharlal Nehru Port in India
  • Thursday, 12 September, 2024
    Martin Sandbu
    Draghi calls for joined-up thinking in Europe Premium content

    When it comes to lifting EU productivity, fortune will favour the bold

    Mario Draghi speaks at a podium with the European Commission logo during a press conference
  • Thursday, 5 September, 2024
    Martin Sandbu
    Does the US have anything to learn from Europe? Premium content

    A surprisingly varied cast of US commentators cast shade on how the Old World runs its economies

    A farmer stands beside a large tractor, looking over a harvested field of winter wheat in Corn, Oklahoma.
  • Thursday, 29 August, 2024
    Global inflation
    A self-congratulatory inflation narrative at Jackson Hole Premium content

    ‘Humility and a questioning spirit’, as called for by Fed chair, would be a very good idea

    Jay Powell, left, Tiff Macklem, centre, and Andrew Bailey chat outside at the Jackson Hole Economic Symposium, with a scenic view of a meadow and mountains in the background at Jackson Lake Lodge in Grand Teton National Park near Moran, Wyoming.
  • Thursday, 22 August, 2024
    Martin Sandbu
    Kamala Harris and America’s broken capitalism Premium content

    Economic programme of presidential hopeful echoes recent and old concerns about abusive market power

    Kamala Harris speaks at a campaign event
  • Thursday, 15 August, 2024
    Tej Parikh
    Five undervalued qualities of the Indian economy Premium content

    What does a moon-landing, plethora of scientists and large diaspora say about its potential?

    A man sits near the seafront overlooking the city skyline in Mumbai
  • Thursday, 8 August, 2024
    Claire Jones
    Don’t bank on a put from Powell’s Federal Reserve Premium content

    Panic won’t prompt an emergency rate cut and a 50-point reduction in September isn’t nailed on either

    Federal Reserve chair Jay Powell
  • Thursday, 1 August, 2024
    Chris Cook
    No time to give up on Russia sanctions Premium content

    Kremlin has not been stopped in its tracks — but it does have sand in its gears

    A Russian flag and missile cruiser
  • Thursday, 25 July, 2024
    Martin Sandbu
    For AI policy, boring is good Premium content

    Technocrats make sensible policy preparations in case a technology revolution does take place

    A booth at an AI conference in Shanghai
  • Thursday, 18 July, 2024
    Tej Parikh
    The bear case for AI

    Five reasons to question the frenzy behind the technology

    A digital display representing an AI-powered neural quantum processor
  • Thursday, 11 July, 2024
    Martin Sandbu
    Labour’s ‘seatslide’: when a landslide is not a mandate Premium content

    (And a mandate is not a landslide)

    Keir Starmer waves as he stands in front of a lectern with the slogan ‘Change begins’ as supporters standing behind him applaud and wave flags
  • Thursday, 4 July, 2024
    Martin Sandbu
    Questions in the wake of the global inflation hit Premium content

    There is still too much we do not know about what happened and why

    A woman shops in a supermarket
  • Thursday, 27 June, 2024
    Martin Sandbu
    How to tax the ultra-rich the same as you and me Premium content

    G20 should give serious consideration to blueprint for global minimum standard of taxing billionaires

    A female protester holding a sign saying ‘Tax the rich’
  • Thursday, 20 June, 2024
    Martin Sandbu
    An economic test for France’s democracy Premium content

    Any victorious populists — and the EU’s new fiscal rules — face baptism of fire

    A man and a woman standing in front of election posters of the New Popular Front on a wall in Paris
  • Thursday, 13 June, 2024
    Martin Sandbu
    Cutting through the fog of the Russian assets debate Premium content

    Ukraine needs the money Russia owes it, all of it and fast

    A heavily damaged school building
  • Thursday, 6 June, 2024
    Martin Sandbu
    The economic effects of Europe’s election Premium content

    How a rising right might change the EU’s policy course

    The woman and boy together push the voting paper into the ballot box
  • Thursday, 30 May, 2024
    Martin Sandbu
    Has the US really diverted green investment from Europe? Premium content

    The data shows otherwise

    Wind turbines at a wind farm in Germany
  • Thursday, 23 May, 2024
    Martin Sandbu
    The empty threat of dumping western assets Premium content

    The west has nothing to fear but fear itself over decision to make Russia pay

    The Spasskaya Tower and St Basil’s Cathedral with a barbed wire in the foreground
  • Thursday, 16 May, 2024
    Martin Sandbu
    Tariffs against America Premium content

    The EU should not be tempted to respond in kind

    Electric cars in a Chinese port for shipping
  • Thursday, 9 May, 2024
    Martin Sandbu
    Are US and euro inflation pressures parting ways? Premium content

    US prices are from Mars and the Eurozone’s are from Venus — or maybe not

    Two elderly shoppers at a fruit and vegetable stall in Barcelona getting money from their purses
  • Thursday, 2 May, 2024
    Martin Sandbu
    Ethical business in an evil world Premium content

    How western corporates should (belatedly) think about their Russia exposure

    The Grand Kremlin Palace and office buildings in the Moscow International Business Center
  • Thursday, 25 April, 2024
    Martin Sandbu
    The screws are turning on Russia’s state assets Premium content

    EU resistance to confiscation is unsustainable

    Supporters of Ukraine holding a sign saying ‘Thank you USA’ and waving Ukrainian and American flags
  • Thursday, 18 April, 2024
    Martin Sandbu
    Germany’s doomed China strategy Premium content

    The corporatist spell must soon break

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