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Some honesty from ⁦Jean Pisani-Ferry⁩ about the economic cost of energy transition in ⁦Sam Fleming (FT)⁩ interview. Compares it to ‘73-74 oil shock. And issue for politicians is that this time many voters see it as a choice they have made via Financial Times on.ft.com/3X31E6o

Jean Pisani-Ferry: ‘It’s a war between two strands of capitalism — Economists Exchange from the FT ft.com/content/a5c86b… via @ft

NEW: EU rules out loosening post-Brexit curbs on UK touring musicians — scoop with Andrew Bounds in Brussels. EU-UK reset battle lines are being drawn, driven in part by Labour red lines on single market/customs union. on.ft.com/3XsZDlx

How national security has transformed economic policy - big read with Demetri and Claire Jones ft.com/content/606831… via @ft

Excellent deep dive from Demetri Claire Jones and Sam Fleming (FT) on what some might call the new era of geoeconomics. ft.com/content/606831…

Someone just pointed out to me that when Biden wanted to get Chinese cranes out of US ports, it engineered a deal with a Japanese company, but Nippon Steel is categorized as a national security risk.

Govt crushes Tory attempt to make it harder for ⁦Rachel Reeves⁩ to “fiddle the fiscal rules”. Change could allow her to borrow extra £16bn / ten times more than saved by her painful £1.4bn cut to winter fuel payments. With ⁦Sam Fleming (FT)⁩ on.ft.com/3z8iCZq

Interesting part 2 to yesterdays focus on fusion of national and economic security. This is about a few important trends 1/4 China’s new back doors into western markets via Financial Times on.ft.com/3MvW4ov

UK Treasury refuses to disclose key details of £22bn fiscal ‘black hole’ ft.com/content/7f6864… via @ft

Tempting targets: banks fear Reeves is preparing UK tax raid on sector in the Budget ft.com/content/a993bc… via @ft

Thierry Breton resigns and pulls out of race for European Commission ft.com/content/59777c… via Javier Espinoza Henry Foy

UK spending cuts would damage ‘foundations of the economy’, Reeves told ft.com/content/b0df31… via @ft

…. And the letter from 8 economists: UK national renewal requires step change in public investment ft.com/content/a8fcf2… via @ft

Implementation of the carbon border adjustment promises to be very messy for the UK given struggles to align with the EU regime. Here is one example of why: UK steelmakers face dumping risk over EU carbon tax timing, industry warns ft.com/content/b555a7… via @ft

Today’s column by Bill Dudley, the former president of the New York Fed, sets out well the arguments for and against a 50 basis point Fed rate cut this week (please see below from Bloomberg Opinion). As to where he stands: “I expect the Fed will do 50. I believe Chair Powell favors an

Spain's Teresa Ribera to hold the EU's powerful competition portfolio and be the bloc's anti-trust chief for the next five years, Ursula von der Leyen says. As the Financial Times reported two weeks ago ft.com/content/34e74c… Teresa Ribera 🌹

"Modelling by economists at Aston University has estimated that annual exports to the EU are 17% lower and imports 23% behind where they would have been if Brexit had not occurred, with negative impacts increasing during 2023" on.ft.com/4gpd3qd via Peter Foster 1/

UK Treasury ‘saying no to everything’ will hit growth, warns Andy Burnham ft.com/content/a21abc… via @ft

Von der Leyen gives top economic jobs to largest EU countries on.ft.com/4gkZRm6

Just published: front page of the Financial Times, international edition, Thursday 19 September on.ft.com/3zqhEI8