Will Rachel Reeves be forced into an emergency budget?

Political Currency

Persephonica

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

4 • 855 Ratings

🗓️ 6 March 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s been a week of political whiplash, including that infamous explosive meeting in the Oval office and renewed commitment from European leaders to back Ukraine. George Osborne and Ed Balls consider who - if anyone - has fared well in this wild week. Is Trump himself as the deft negotiator he claims to be?

And with a rush to bolster arms on this side of the Atlantic, what is the fallout for Rachel Reeves? As the Spring Statement approaches, what choices does she have to limit the damage that may or may not be forecast by the OBR? And doesn’t this all feel just a little bit like one of those second annual fiscal events she swore she wouldn’t hold?

Finally, Ed and George turn to the outcry around the government’s artificial Intelligence and copyright consultation, from artists including Annie Lennox, Damon Abarn and Kate Bush. Is there a way for this government to balance championing and regulating big tech?

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Producers: Miriam Hall and Rosie Stopher

Technical Producer: Danny Pape

Executive Producer: Ellie Clifford

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

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Transcript

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0:00.0	This episode of political currency is brought to you by British Airways.
0:03.2	Yes, from Davos to G7 meetings, from trips to Washington to
0:08.0	Beijing. We have spent a surprising amount of time in politics, not in Downing Street, but
0:13.0	travelling across the world. That's right. And all of them change the way you think about
0:17.4	politics, but also our country, Britain, as journeys often do.
0:21.7	Yeah, and, you know, I look back on my trip to Shanghai, which I took just a couple of
0:26.0	weeks after becoming Chancellor on my way to a G20. That was a real eye-opener about how
0:31.3	international diplomacy is carried out. And our first big trip in government in 1997 was for
0:36.7	the G8 summit in Denver.
0:39.2	And we travelled via New York, full plane memorable trip.
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	...

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