Should Starmer replace Reeves?

Political Currency

Persephonica

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

4 • 855 Ratings

🗓️ 15 January 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After a tough week, Keir Starmer’s been forced to publicly proclaim Rachel Reeves has his full support – and to hose down suggestions she won’t make the full parliament. Ed Balls and George Osborne weigh in on just how politically fatal it would be to ditch a Chancellor six months into the Labour leadership.

The second Trump presidency is now a matter of days away, so how will this new American political era play out on the world stage? Why are some Trump opponents approaching the Trump sequel with more acceptance this time around?

Finally, Ed and George are sharing their predictions for the looming annual World Economic Forum conference in Davos. This year, it’s coinciding with another big event – the US Presidential Inauguration. Has Davos become less relevant in recent years? How will issues like climate and DEI be addressed in response to the incoming President?

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Producers: Caillin McDaid, Miriam Hall and Rosie Stopher

Technical Producer: Oliver Geraghty

Executive Producer: Ellie Clifford

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Transcript

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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.
0:26.1	To find out how to subscribe, check out the details in the show notes. This is political currency with Ed Bulls and George Osborne.
0:50.6	With Ed Bulls and George Osborne.
1:05.5	So we're back and remote this week. I can tell from your backdrop that you are in a hotel.
1:10.7	I think you've just done the red eye. This is the real red eye. This is the red eye from California to New York. It's
1:13.3	the overnight flight that only takes five hours, so you're a bit red-eyed. But here I am in
1:18.9	sunny but cold New York. And how was California? I mean, it's been dominant in the news in the last
1:24.7	week. Yes, I wasn't anywhere near the fires in L.A. I was in
1:27.7	San Francisco and Silicon Valley, but it's all anyone was talking about. And it's interesting.
1:33.0	It's a kind of combination of an extraordinary tragedy, people losing their homes and in some
1:39.3	cases losing their lives. It's an incredibly expensive natural disaster. They're saying it's the most expensive
1:45.5	natural disaster in modern history. More expensive is going to cost more than Hurricane Katrina
1:51.0	because whole swathes of one of the richest cities in the world have been burned down. And of course,
1:56.7	it being America, it's all about the politics too. People are immediately into who's to blame and what their political consequences are.
2:03.9	It's true. Watching from here, I mean, look, the pictures are terrible. And having a fire which was so uncontained for so many days, it's hard to imagine a city, the size of Norwich or Derby. You know, that is the size of just one of the fires,
2:21.6	which have been burning. But we've had, you know, because we're sort of watching
2:25.5	modern American news feeds, of course you can watch CNN or, but if you go on to X,
2:31.7	I'm sure the same if you're watching Fox News. I mean, you would think
	...

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