On Tuesday the 24th of March, our speakers will debate the motion,

this House believes we should abolish the licence fee.

Spectator Chairman Charles Moore and the telegraphs Alison Pearson

will propose the motion with Spectator editor Michael Gove

and former BBC America editor John Sopel opposing.

I'm Isabel Hardman and I'll be in the chair to maintain decorum and take your pressing questions.

Join us on Tuesday the 24th of March at 7pm and book your tickets at spectator.com forward slash debate.

Overnight, the price of a barrel of oil has surged past $100.

Donald Trump says we shouldn't worry and that prices are going to normalise

soon enough. Is that true? Well, to answer the question, I'm delighted to be joined by Tyler

Goodspeed, who was the chairman of Donald Trump's Council of Economic Advisors during his first term. Welcome to

Reality Check. Let's spin more stats. Tyler, thanks for joining Reality Check. Now, we're recording

this on Monday morning, but over the weekend, as markets opened in Asia and now that they've

opened here in Europe too,

we've seen oil surging past $100 a barrel.

It's gone up 25% just overnight alone.

Does this mean we're going to head for a recession?

Not necessarily, though.

When you look over the past four centuries of economic history in both the United States and the United Kingdom, energy supply shocks have been serial killers of economic expansions on both sides of the Atlantic.

There is a scenario or several scenarios in which the conflict remains very contained, relatively brief,

and then we get the resumption of normal traffic through the Strait of Hormuz,

and the crisis passes no recession.

...