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 homeowners looking to downsize find themselves trapped, with too few buyers able to afford their homes. Michael Simmons takes a look at the data.

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 was right on inflation and what he has learnt in the private sector since leaving the Treasury.

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.

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 the water industry in the past decade? And would nationalisation fix it? Michael Simmons is joined by The Spectator's business editor Martin Vander Weyer.

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.

From the Chancellor's tears in parliament, to the shambolic budget and the debut interview with Arthur Laffer, Michael Simmons reflects on some of the economic highs and lows of 2025.

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 top of a 28.9% increase they have had over the last three years. Michael Simmons takes a look at their claim over the erosion of their pay in real terms, explains why Wes Streeting is right to call them ‘moaning minnies’ and offers an alternative solution instead.

The Chancellor laid out 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 out of poverty. But is this based on dodgy data? Michael Simmons investigates.

Lifestyle economist Christopher Snowdon joins Michael Simmons to explore how weight-loss drugs like Ozempic could reshape health, policy and the economy. From the WHO’s call for mass production to flawed obesity cost estimates, failing ‘nanny state’ interventions and the future of food companies, Snowdon argues that these drugs are a genuine game-changer – and warns that much of current public health thinking is fast becoming obsolete.

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 historical context of each budget, and question whether Rachel Reeves has the toughest job yet.

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.

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.

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 data they rely on is wrong? And why are so many “official” statistics now being stripped of their trusted status?

Rachel Reeves is preparing for her first major Budget — but is Brexit really to blame for Britain’s black hole?

Are the rich fleeing Britain? That's what the numbers suggest, but some activist groups have hit back 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.

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 – can send Britain ‘to the moon and the stars.’