The Mandelson mess, stagflation returns, and the battle for Wales

This week on the rocket, co-pilots Halligan and Pearson dive into the political firestorm engulfing Westminster as Sir Keir Starmer faces intense scrutiny over the botched appointment of Peter Mandelson as Ambassador to the US. Following explosive evidence from former civil servant Sir Olly Robbins, the duo explores the ‘process-driven’ culture of the current government and whether it is shielding a lack of transparency.

Liam explains why even a potential ceasefire or the reopening of the Strait of Hormuz may not be enough to prevent a global energy crisis. With the UK inflation rate unexpectedly rising to 3.3% in March, the hosts warn of a "stagflation" trap that could see food and energy prices soaring for years to come.

And co-pilot Pearson brings a report from her homeland in Wales ahead of the Senedd election in May…

Highlights:

Middle East infrastructure damage threatens high energy prices and rising UK inflation.
Reform UK surges in Wales as voters consider abandoning the traditional two-party system.

Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor |

Read Allison ‘Keir Starmer and Olly Robbins deserve each other’:

https://www.telegraph.co.uk/news/2026/04/21/keir-starmer-olly-robbins-deserve-each-other/ |

‘British Jews are in danger. Either we do something about it or they’ll leave’:

https://www.telegraph.co.uk/news/2026/04/22/britains-double-standards-over-anti-semitism/ |

Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ |

Read Liam ‘Britain is the most inflation-prone nation in the G7. That was true before the Iran war’:

https://www.telegraph.co.uk/business/2026/04/19/britain-most-inflation-prone-in-g7-true-before-iran-war/ |

Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |

Read Liam’s Substack: https://liamhalligan.substack.com/ |

Need help subscribing or reviewing? Learn more about podcasts here:

https://www.telegraph.co.uk/radio/podcasts/podcast-can-find-best-ones-listen/ |

Email: [email protected] |