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Political Currency

A looming coup for Starmer?

Political Currency

Persephonica

Politics, News, Economy, Westminster, Business, George Osborne, Ed Balls, Money

4.11.5K Ratings

🗓️ 18 September 2025

⏱️ 69 minutes

🧾️ Download transcript

Summary

President Donald Trump is in town, so it’s back to Windsor Castle for our Ed Balls! A podcast recording the morning after a lavish state banquet? Not a problem, it’s all par for the course for Ed, who has apparently been catching up on Downton Abbey in preparation. He brought George Osborne up to speed on the events of the evening; who sat where and did he get to say hello to the 47th president? 


It’s hard to believe the US President’s visit could be considered a reprieve for Prime Minister Keir Starmer after a grueling two weeks back from summer recess. Soon after Angela Rayner made her sudden, tax-enforced exit the government faced its next drama: US Ambassador Peter Mandelson and his long, email-documented friendship with sex offender Jeffrey Epstein. A deputy leadership contest, scrutiny over Mandelson vetting process and - in recent days - questions over whether Andy Burnham is gunning for Starmer’s job… 


It should be catnip for leader of the Tories, Kemi Badenoch - except Danny Kruger’s gone and spoiled it by defecting to Reform! 


Meanwhile, the Federal Reserve has cut rates for the first time this year - while the Bank of England is holding firm at 4%. Ed and George  take stock of the global economic position and what's next for the bond market after its moment of tumult earlier this month … 


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Please note: Kitchen Cabinet is only available via Patreon.


Credits:


Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Oliver Geraghty 

Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.




Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is sponsored by Sage and their AI productivity assistant Sage co-pilot.

0:06.2

Running a business takes constant evolution and Sage has been helping British businesses do that for over 40 years.

0:13.4

Yes and according to Sage, their AI is designed to cut through the noise. No gimmits, no distractions,

0:18.9

just the tools business owners need to keep things running smoothly.

0:22.1

So whether it's filing VAT returns, chasing late invoices or flagging rising costs,

0:27.3

SAGE co-pilot brings real insight and includes HMRC know-how to help avoid mistakes and hit every tax deadline.

0:35.4

That's why SAGE's promise of authentic intelligence will resonate with

0:38.7

small businesses across the country. It's AI built where there were 40 years supporting UK

0:43.5

businesses understanding their real needs, so you can stay focused on the really important jobs.

0:49.5

Sage also developed an AI trust label, giving users transparency on how the technology works, how

0:54.8

data is managed, and what protections are in place. So if you're a business owner looking to make

0:59.6

better, faster decisions, search SAGE AI to find out how you can transform your business.

1:06.7

This episode of Political Covency is sponsored by Indeed. Okay, so Ed, Indeed is a trusted platform which connects people with jobs that are right for them.

1:15.9

What they do is interesting to me as we get so many questions in from listeners of the podcast

1:20.1

about the challenges of finding a job that's right for you, whether it's in politics, business or whatever else you're passionate about.

1:26.6

I know, and speaking to people about the hiring process, one thing I've always found really quite bizarre is the lack of transparency around salary. Often the salary is never listed. You're sat in the interview and almost feel rude having to ask what the job pays. It's a crazy situation to put candidates in and there's got to be a better way. It's like an odd unwritten rule, isn't it? Well,

1:44.6

indeed agree with you, Ed. They think there's a better way to go about things. Indeed believe

1:49.7

salary transparency helps everyone from employers hiring to the candidates applying. It saves time.

1:55.6

It builds trust and creates fairer, more productive workplaces. That's good. So what are they

2:00.3

actually doing about it? Well, on Indeed workplaces. That's good. So what are they actually doing about it?

2:01.7

Well, on Indeed, candidates can set salary expectations. They can filter roles by salary

2:06.8

and they get matched with opportunities that align. Your Indeed profile helps you showcase

...

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