Steph McGovern

And me, Steph McGovern.

Shall we talk global economics now?

It's nearly two months on now, isn't it, from the US-Israel attack on Iran.

The Strait of Hormuz, no matter what the leaders of Iran or the US are saying, there's still not much getting through there, if anything.

It's chaos still, despite ceasefires and everything else.

Yeah.

And that is... So, I mean, it's just been a very volatile time on the markets, Robert, hasn't it?

But you're already seeing how it is tangibly impacting the cost of living here.

So like petrol and diesel, that's already gone up straight away because of it.

And if you look at the latest inflation figures, that's now pushing inflation up when everyone was talking about it coming down a bit before the Middle East all kicked off.

And food prices as well.

If you look at how much food's going up by every year, it's something like...

Nearly 4% year on year, the increase in food costs.

And as you say, with all these fertilizer things going to come through, that is inevitably going to hit.

But I feel like it's already, and this is why it feels even crazier that the stock markets aren't reacting more.

It's already being felt by people, especially when it comes to travel and paying to fill their car up.

Yeah.

And interestingly, of course, Rachel Reeves was in the States, wasn't she?

Essentially trying to show that the UK is ripe for investment for America.

So she was in Washington as part of these IMF World Bank spring meetings and