Tim Shipman is joined by Isabel Hardman to discuss the domestic fallout from the conflict in Iran – from oil prices surging past $100 a barrel to renewed pressure on Britain’s cost-of-living crisis.

They examine how the rising price of energy could derail Labour’s economic plans, why Rachel Reeves may face difficult choices on fuel duty and support for households, and whether Keir Starmer has the political authority to navigate another economic shock ahead of the May elections.

They also debate the government’s new ‘cohesion strategy’ – including plans for an anti-Muslim hatred adviser and a broader crackdown on extremism – and ask whether Labour has found a coherent approach to integration, immigration and social cohesion, or whether the policy risks opening new divisions within the party.

Produced by Megan McElroy and Oscar Edmondson.

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