Reeves’ bond market headache

Political Currency

Persephonica

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

4 • 855 Ratings

🗓️ 9 January 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is Rachel Reeves starting 2025 with a bond market headache? Ed Balls and George Osborne explain how global trends and UK inflation might just mean she’s boxed herself in… again.

Meanwhile, Elon Musk’s growing interest in British politics – and hatred of Keir Starmer – has erupted into a row over the grooming gangs scandal. What would Ed and George do in Starmer’s position? And what are the long and short term political implications for Labour, the Tories and Nigel Farage’s Reform party.

Plus, over in Canada, Prime Minister Justin Trudeau has announced his resignation after a decade in power, and among the possible candidates mooted to replace him are two old friends of Ed and George’s: Former Bank of England Governor Mark Carney, and former deputy Prime Minister Chrystia Freeland. Who will win out, and what will the future of Canada look like?

Political Currency has been nominated for the People's Choice award at the Political Podcast Awards. Please VOTE for Political Currency at https://politicalpodcastawards.co.uk/the-peoples-choice-award/

Join Political Currency’s KITCHEN CABINET to enjoy early and ad-free listening, access to live EMQs recordings, and exclusive Political Currency merch.

Subscribe now: patreon.com/politicalcurrency

Production support: Caillin McDaid

Technical Producers: Will Gibson Smith and Danny Pape

Producers: Miriam Hall, James Shield and Rosie Stopher

Executive Producer: Dino Sofos

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

Subscribe now on Patreon

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

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to political currency. Now, do you want to become a member of our special kitchen cabinet?
0:06.6	A kitchen cabinet to Ed and me. Well, this is your chance.
0:09.7	Subscribe to our extra special new subscription tier and receive access to live recordings,
0:15.1	political currency merchandise, briefings from the team, and a chat room just for members.
0:20.3	Plus, of course, early and ad-free listening, bonus content and the chance to support our work on political currency.
0:26.2	To find out how to subscribe, check out the details in the show notes. This is political currency with Ed Balls and George Osbourne. So a very happy new year. We are back with our first podcast of 2025. We really hope that you enjoyed
1:07.6	our Christmas and New Year offering of inside the room, inside number
1:12.8	10, David Cameron, the first six months in power. Yeah, I bumped into lots of people on the
1:18.8	ski slopes of Verbeo. Of course you were. That's part of my, you know, canvassing the common man.
1:23.9	How was the apprae? Well, the aprae is, you know, it's wonderful because I've got these
1:28.3	three tiny children. So there's lots of tobogoning that actually wasn't that much skiing,
1:32.2	but it was great weather. And I can tell you that Verbié is, you know, one of the epicenters
1:37.7	of the political currency fan club. In fact, Rory Stewart's there as well. So it's maybe the epicenter of other podcasts too.
1:45.3	I think it's really important to say that you don't have to be in Verbiere to listen to and
1:50.2	enjoy the political currency podcast. And nor do you have to listen to our inside the room
1:56.2	with David Cameron. But if you want to listen to the fourth in our series, because we did three episodes,
2:02.7	which are available to everyone, but we also did a special bonus episode where George and I
2:08.5	reflected upon the lessons from what David Cameron told us for Kier Stama and Kemi Badernock.
2:15.4	We also asked David Cameron what his message was to Kirstama and Kemi Badernock. We also asked David Cameron what his message was to Kierstahma
2:19.5	and Kemi Bajdnock in 2025. That's all in our special bonus episode, only four subscribers. You
2:25.3	need to become a gold subscriber to get that extra analysis, which is many people told me the best
2:31.1	of the four, I have to say. I mean, that is a totally neutral and objective view.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Persephonica, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Persephonica and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.