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Political Currency

Can Starmer hold on as PM?

Political Currency

Persephonica

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

4.11.5K Ratings

🗓️ 30 October 2025

⏱️ 67 minutes

🧾️ Download transcript

Summary

Keir Starmer has weathered one of the most brutal weeks of his tenure. The Caerphilly by-election collapse, a divisive Deputy Leadership election, and the mistaken release of a high-risk prisoner have ignited leadership speculation and exposed deep party tensions. Ed Balls and George Osborne debate where it's all gone wrong, and whether Starmer can hold on.


The pair then look ahead to the Budget and Rachel Reeves's fiscal black hole. Can she uphold Labour’s 'tax lock' manifesto pledge, or will she be forced to raise one of the 'big three' taxes? Ed and George analyse a choice that could be make-or-break for the government.


Finally, they dive into Donald Trump's whirlwind Asia tour. Following his major summit with Xi Jinping, they ask: is his tariff doctrine a chaotic madman theory, or is it successfully strong-arming new 'America First' trade deals?



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Credits:

Assistant Producer: Caillin McDaid

Senior Producer: Silvia Maresca

Video Editor: Maha Albadrawi

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

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0:00.0

This is Political Coancy with Ed Bulls and George Osborne.

0:37.5

So welcome back. It is half-term week. I know this because driving back from Good Morning, Britain, this morning, the traffic was lighter. But it looks like, I mean, sitting here, George, that sofa, the pictures, the decor, it looks like you're in some kind of bland hotel room somewhere in the world. You're just being rude, you know, I'm at home, which I don't often do the podcast from. That is your home. Oh, it's beautifully furnished. I do apologize. I don't, I don't know. I don't know how I could possibly have thought that.

0:56.0

I found, you know, an uncluttered corner to do the podcast wrong. But anyway, it's very nice to be at home. I'm at home because it's half term this week. So I was taking my son Arthur to a class this morning. And yesterday I was in Diggerland in the Thames Estuary.

1:15.0

Have you been to that? It's absolutely brilliant. It's like, it's not like any theme part

1:19.3

you've ever been to. You basically just get to kind of drive JCPs and dig out bits of earth

1:25.3

and drive bulldozers. It's absolutely fantastic. I have driven past

1:29.6

Diggerland in Castleford many times, never gone in. Our kids were a bit too old by the time it opened,

1:34.4

although I can imagine you liking it, because for you, you can put on a hard hat and high viz,

1:40.1

and remember nostalgally being Chancellor Lix Checker? Yes, well, actually, the bit of nostalgia I did have afterwards,

1:46.9

we went at the McDonald's in Medway towns, the Medway McDonald's.

1:52.0

I was thinking, God, I did spend quite a lot of my life campaigning in the Thames Estuary.

1:56.6

Do you remember, I mean, for us, when we were sort of facing off against each other,

2:18.9

those Thames estuary seats on the north and south side of the Thames in Essex and Kent were absolutely kind of critical battlegrounds. I was talking to a Kent Tempeers app, yesterday, and I was saying, oh, I've just been actually in Rochester. I was saying, and it used to be this battleground. He said, well, there's not a battleground with Labour anymore.

2:22.2

It's going to be a big battleground with reform in the next election.

2:27.2

So anyway, I did have nostalgia for the kind of campaigning in that area. Well, back in 1997, that landslide, it was in the North Kent coast that Labor was winning those seats for the first time.

2:34.7

And, you know, as you said, Rochester, Chatham, Dartford, all across there, there were seats which Labor was

2:41.0

winning after a long time. And as you say, by the time we got to 2010, Labour was then wiped out in those seats.

2:47.0

I, as well as working, have also been in rehearsals. Centrist's dad are playing our Christmas concert in December.

2:53.6

And you'll be pleased to know, because I know you like to come and want to know what to Pogo to.

2:57.6

And as well as, you know, our normal Ramones, Abba, Bowie, the Cure.

3:02.3

We're now doing Stone Roses Resurrection, a chapel Rowan, pink pony club. And we're doing a Taylor Swift song, although I can never remember whether it's shake it up, shake it off, or shake it on, or shake it out. Anyway, we are shaking some kind of Taylor Swift. Well, you're the drummer, so you don't need to know what. I don't need to know the words. And to be honest, think about my drumming is, I play the same thing on every song anyway, so it makes no difference. I was listening this morning at my son's glass thing that I went to, to Avril Levine's skaterboy. And this is how much I care about your band. I was listening to it thinking this would be a real banger for centrist dad. Well, you know, we're always pleased to get your suggestions.

3:42.1

I don't know whether...

...

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