BBC Two — Newsnight, followed by Weather

President Donald Trump announced further strikes against Iran, which began during the broadcast, aiming to stop Iran from blockading the Strait of Hormuz. The panel discussed the strategic stalemate, with Gillian Tett noting both sides believe they have won but have not achieved their aims, and Dave Duggan criticizing the unilateral nature of the strikes. The economic impact was analyzed by Mohamed El-Erian, who said the strikes mean lower growth, higher inflation, and higher borrowing costs, with oil prices rising 5% and UK bond yields increasing more than US ones.

Andy Burnham, the incoming UK Prime Minister, faces a challenging economic environment as the conflict reduces his fiscal headroom. The panel debated his plans for defence spending and the potential choice of chancellor, with speculation about Ed Miliband. The programme also covered the Clacton by-election triggered by Nigel Farage's resignation, with Farage defending his decision and Count Binface appearing as a candidate, discussing his manifesto and the possibility of saving taxpayer money by preventing a second by-election.