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Political Currency

HS2 in doubt, China spies and the triple lock

Political Currency

Persephonica

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

4.11.5K Ratings

🗓️ 14 September 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

As Jeremy Hunt scrambles for pre-election tax cuts, the northern leg of HS2 is under threat and pensioners are facing a smaller raise in payments than they were expecting. Is the Chancellor making mistakes that will cost his party an important support base? And pressure is mounting on Rishi Sunak over allegations of a Chinese spy in parliament, but that's far from his only problem - with oil prices soaring, how can the Prime Minister make sure he keeps his inflation pledge?


In this first episode of Political Currency, old rivals Ed Balls and George Osborne join forces to examine what's going on behind the scenes of the big stories, what their own experience can tell us, and what they think the key players should do next.


Email: questions@politicalcurrency.co.uk

Follow us on social media: @polcurrency


Producers: Rosie Stopher

Production Manager: Flick Heath

Executive Producers: Dino Sofos and Ellie Clifford

This is a Persephonica Production


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

Transcript

Click on a timestamp to play from that location

0:00.0

BP is working to bring more lower carbon energy to the UK, like developing offshore wind,

0:06.1

and we're keeping oil and gas flowing from the North Sea. It's and not all. That's how BP is backing Britain. Well today we're mostly in oil and gas.

0:16.0

We increased the proportion of our global annual investment that went into our lower carbon and other transition businesses from around 3% in 2019 to around 23% in

0:26.0

2023.

0:28.0

B.com slash and not all. This episode is brought to you by G.S.K.

0:35.0

We're lucky to live in a time when many of us can access medicine when we become ill,

0:38.5

but even better than recovering from being unwell is not getting ill in the first place.

0:43.2

Yes, G.S.K believes that prevention is the best medicine and that's why they've built one of the

0:48.2

broadest vaccine portfolios in the world.

0:50.6

G.S.K. say that prevention to them means pioneering new medicines to reduce HIV transmission

0:56.2

or stopping chronic conditions from progressing to more serious complications.

1:00.4

That's because preventing disease is the best possible outcome for all of us and that's why G.S.K.

1:05.6

Unites science, technology and talent to get ahead of disease together.

1:09.6

Visit gsk.com to learn more. This is political currency with Ed balls and George Osborne.

1:39.0

So here we are our first episode sitting opposite each other in our studio in East London rather than glaring

1:45.9

and glaring at each other over the dispatch box in Parliament.

1:48.6

How did he describe the budget?

1:51.3

As steady as she goes budget. Steady as she goes,

1:54.0

steady as she goes. What kind of ship does he think he's on, the Titanic?

1:58.0

They're married Celeste.

2:00.0

Can I just say, since we last met, there has been a very important labor economic

2:04.4

announcement and one that we wholeheartedly support and that is the decision to

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