Podcast
Reality Check cuts through the spin and explains the numbers behind the noise. In each episode, The Spectator’s economics editor Michael Simmons and in-the-know guests will make a data-driven case on a story hogging the headlines.
Reality Check cuts through the spin and explains the numbers behind the noise. In each episode, The Spectator’s economics editor Michael Simmons and in-the-know guests will make a data-driven case on a story hogging the headlines.
Reality Check
Oil prices surged past $100 per barrel as the war with Iran intensified over the weekend. Since Iran closed the Strait of Hormuz, without a solution to the severe disruption in crude oil flows, how hard will we feel it back in Britain? And why has Britain left itself so vulnerable from its energy policy?
Play 30 mins
Reality Check
Before the first missiles landed in Tehran, Rachel Reeves had been looking forward to today’s Spring ‘forecast’ statement, which was designed to be the lightest-touch intervention by a Chancellor since Philip Hammond in 2018: no OBR scoring of her fiscal rules, no tax announcements, no major policy changes and, crucially, no months of damaging speculation
Play 75 mins
Reality Check
Why are one in five school children classified as special educational needs and disabilities (SEND) in 2026? The rates of children being diagnosed with neurodiverse conditions have scaled to disproportionate rates and the costs are a major concern for the government. Michael Simmons takes a look at the data and explores why devolution has provided
Play 6 mins
Reality Check
There is an area of public spending nearly double what Britain spends on defence, more than policing borders or our streets. It’s servicing the costs of what Britain has borrowed in the past. The growing debt bomb is continuing to climb with real consequences for the taxpayer. Michael Simmons takes a look at the data
Play 21 mins
Reality Check
This week Keir Starmer faced the greatest challenge to his premiership yet. What will this Prime Minister will be remembered for? Policies which hurt young people. From student loan debt crisis, tax thresholds, ISA allowances and the pensions triple lock, what hope is there for young Brits? Michael Simmons has the data.
Play 10 mins
Reality Check
Michael Simmons speaks to American economist Peter Schiff about the surge in gold prices, the weakness of the US dollar and why he believes the next major economic crisis is approaching. Schiff argues that recent dips in precious metals are a buying opportunity, warns that years of low interest rates and money printing have created
Play 25 mins
Reality Check
Housing minister Steve Reed has been boasting about Britain’s housing market since Labour came into office – but is he right to celebrate? The country’s housing crisis seems to be delivering the worst of both worlds. Young people trying to get on the property ladder are being priced out by stubbornly high costs, while older
Play 8 mins
Reality Check
When Andy Burnham put forward his bid to stand in the Gorton & Denton by-election, the bond markets wobbled. What does this say about the state of Labour and their reputation with the markets? Michael Simmons speaks to former Treasury and Downing Street advisor James Nation about Labour leaders and fiscal policy, why Rishi Sunak
Play 30 mins
Reality Check
The SNP announced their budget last week promising to cut taxes for low income earners. Could this be the smallest tax cut in history? Michael Simmons has the data.
Play 9 mins
Reality Check
Thousands of homes across the South East have been without water for four consecutive days. South East Water’s record on water supply interruptions is one of the worst in the sector. Ofwat, the regulator, has placed it in the bottom three companies for disruptions each year from 2020 to last year. What has happened to
Play 24 mins
Reality Check
Reform UK may be leading in the polls on a mandate to hit net zero migration – but could this come sooner than Nigel Farage may think? Michael Simmons returns to Reality Check to explain what’s really going behind Britain’s migration figures.
Play 7 mins
Reality Check
Michael Simmons reflects on some of the economic highs and lows of 2025.
Play 33 mins
Reality Check
The Spectator’s Michael Simmons in conversation with Greg Jackson, CEO & Founder of Octopus Energy and non-executive member of the Cabinet Office Board.
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Reality Check
Junior doctors, now known as resident doctors, will strike from December 17 to 22, which Wes Streeting has said will ‘wreck Christmas’. The doctors are demanding a 26 per cent salary rise over the next few years to make up for the erosion in their pay in real terms since 2008 – this is on
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Reality Check
The Chancellor laid our her plans to scrap the two-child benefit cap in the Budget last week. Previously Rachel Reeves and the Prime Minister were against lifting the cap, but pressure from Reform and the back benches meant the government u-turned. The Resolution Foundation has backed this policy, arguing that it will help lift children
Play 10 mins
Reality Check
As Budget days go, today was unprecedented. The complete list of measures announced by Rachel Reeves – along with their costings and economic impacts – was leaked by the Office for Budget Responsibility (OBR) an hour before the Chancellor took to her feet. The OBR apologised and called it a ‘technical error’. The headline is
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Reality Check
Rachel Reeves is due to deliver her budget this Wednesday. Throughout the years, the only person permitted to drink inside the House of Commons is the Chancellor. What has been the tipple of choice for each Chancellor dating back to Benjamin Disraeli? Michael Simmons and James Heale drink their way through the ages, discuss the
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Reality Check
Entrepreneur and investor Luke Johnson joins Michael Simmons to discuss what is going wrong for Britain’s business. From soaring taxes and the Employment Rights Bill to net-zero regulation, planning failures and the rise in economic inactivity, Johnson argues the UK is becoming hostile to entrepreneurs — and warns that many are already leaving for good.
Play 28 mins
Reality Check
Advertising legend and Spectator columnist Rory Sutherland joins Michael Simmons to explain why he thinks Britain’s economic problem isn’t income, tax rates or even inequality — it’s property, rent extraction, and a national belief that housing is the safest and smartest place to store wealth.
Play 30 mins
Reality Check
Britain is facing a quiet crisis — its data is breaking down, and the government’s numbers are increasingly unreliable. In this episode of Reality Check, economics editor Michael Simmons asks what happens when the state can’t count properly. How can the Bank of England set interest rates or the Treasury balance the books when the
Play 13 mins
Reality Check
Rachel Reeves is preparing for her first major Budget – but is Brexit really to blame for Britain’s black hole? Host Michael Simmons speaks to independent economist Julian Jessop about the OBR’s productivity downgrade, Labour’s tax plans, and whether Reeves is right to point the finger at Brexit.
Play 22 mins
Reality Check
Are the rich fleeing Britain? That’s what the numbers suggest, but some activist groups have hit back saying that the data is dodgy. For the second episode of Reality Check, The Spectator’s economics editor Michael Simmons explains why the data shows that the wealthy are leaving Britain, and why this matters for everyone else.
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Reality Check
Reality Check, The Spectator’s new data-driven show hosted by economics editor Michael Simmons, kicks off with a big name: Arthur Laffer. The man who taught Reagan to cut taxes tells Michael why Britain’s economy is ‘disappearing’, why the Bank of England shouldn’t exist, and why he still believes low taxes – and a little optimism
Play 45 mins