May weighs Russia sanctions
An attack on an ex-spy has rocked UK-Russia relations, says Matthew Partridge.
Over the past five years Russian president Vladimir Putin has "meddled in a US presidential election, annexed Crimea, threatened nuclear war and mandated individual killings", of which the Salisbury poisonings of former spy Sergei Skripal, 66, and his daughter Yulia, 33, are suspected to be the latest, says Max Hastings in The Mail on Sunday. The pair were poisoned by a military-grade nerve agent developed by Russia, known as Novichok, reports the BBC.
Corbyn's bad call
After Russia failed to meet a deadline of Tuesday midnight to explain how the poisoning happened, Prime Minister Theresa May ordered the expulsion of 23 Russian diplomats the biggest in 30 years and ruled out any officials or royalty from attending the World Cup in Russia in summer. Labour leader Jeremy Corbyn, notes Isabel Hardman in The Spectator, "was the only MP who refused to condemn the culpability of Russia and call for a robust response".
Corbyn's "stubborn" refusal to acknowledge Russian involvement did him no favours, argues John Rentoul in The Independent, and his attempt to blame government cuts to the diplomatic services is "gratuitous". His stance left him "isolated" in the Commons as MPs from all parties condemned him, and his own MPs backed the prime minister.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Still, May hasn't exactly covered herself in glory. Her response amounted to "token measures" and contrasted with the "furious language she employed earlier inthe week".
Make Putin pay
It is possible that "elements in the Russian security services might have procured and used the lethal poison without Kremlin orders or knowledge", argues the Financial Times. But even if this were the case, Putin could make it known throughout his security structures that he will not tolerate "freelance killings abroad". The "need for a stern response remains".
Indeed, May should "take a lesson from the Putin handbook", says Julie Lenarz in The Daily Telegraph. Rather than "merely reacting to events", she needs to work together with our partners in Nato to shape a response to "Russian aggression in Europe and beyond". This is important Russia's failure either to apologise or explain suggests that "Russia is not fearful of using extreme tactics to pursue its political agendas... when someone like Putin smells weakness, they take their chances". The more concessions we make, the bolder Russia will grow.
It's time to play hardball and hit Putin's people where it hurts: their pockets, agrees Oliver Bullough in The Guardian. Given that "they keep their houses here, their children here" and "float their companies on our stock exchange", that should be pretty easy. The fact is, "you're not rich in Russia without being friends with Putin"; this is the clearest way to send the Russian president a message. They've treated this country like a "playground". It's time to "ask the party guest to leave".
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
Energy, healthcare and utilities: how to tap into AI in the real economyAI promises to add to the productivity and profitability of much of the economy beyond tech. Here’s two themes to tap into AI in the real economy.
-
How Junior ISAs could help with inheritance tax planningLooming inheritance tax changes will limit how much pension wealth can be passed on but more people may be maxing out their loved ones’ JISA allowance instead