What has the war in Iran got to do with Britain’s house buyers? Michael Simmons takes a look at conflicting predictions from economists and the markets on the impact rising oil prices could have on interest rates. 2026 was expected to be one of the best years for first-time buyers to finally get on the property ladder. Now it looks as if Trump’s war could bring that to an end. But there is a small window for optimism – are the markets wrong?

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Today Rachel Reeves promised ‘support for those who need it most’ as she updated MPs on measures the government is taking as the Iran war risks increasing energy bills. Michael Simmons is joined by Spectator writer Ross Clarke to discuss why energy bailouts won’t work, why Reeves is unfair to pile the blame on Liz Truss and understand the complexities behind a means tested method to target those that need help most.

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Yesterday Rachel Reeves gave her Mais lecture and said UK would achieve ‘fastest AI adoption in the G7’. Today govt is publishing its position on AI rules that are crucial for keeping AI startups in the UK and not losing them abroad. Michael Simmons uncovers the data that shows just how costly of Britain's energy resources this plan for an AI revolution would be. And how incompatible this is with Ed Miliband's dreams of a net zero future.

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