Political Currency

Two Members of Parliament (and a former too!) are seeking Ed Balls’ and George Osborne’s counsel this week. The pair consider the impact of AI, courtesy of a question from Alan Mak, the MP for Havant and the Shadow Secretary of State for Science, Innovation and Technology - who has rung in to ask how emerging technologies can help governments run better. Meanwhile, Jake Richards, a newly elected Labour member, wants their views on immigration policy. And Ed and George are live, unscripted, and face-to-face for the first time - answering questions at the SXSW festival. The pair consider how best to handle a political sacking - would a couple of sherries help? Or should one invest in a coffee machine so you never have to leave the house? They also mull the value of a Politics, Philosophy and Economics (PPE) degree. Plus, they share their favourite political jokes, and the role of humor and satire in the current environment …  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny Pape 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.

Transcribed - Published: 9 June 2025

With just days to go before Rachel Reeves delivers her first Spending Review, Labour is facing an uncomfortable squeeze. NATO wants defence spending ramped up to 3.5% of GDP, but Reeves is sticking to her strict fiscal rules. Can Starmer keep both Washington and voters at home on side - or will the sums simply stop adding up? Meanwhile, Donald Trump is reigniting the trade war - with a 25% steel tariff sending markets wobbling. The UK may have a temporary exemption, but there are warning signs everywhere: surging bond yields, a weakening pound, and talk of a “crack” in the market from Wall Street’s biggest voices. What does it all mean for the UK - and could global turbulence derail Labour’s investment plans before they’ve begun?And Boris Johnson’s back in the headlines. Could he really be planning a political comeback? With Reform UK on the rise and Conservative nerves showing, some see him as a vote-winner. But under Kemi Badenoch’s leadership, would his return solve more problems than it creates? To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:  👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny PapeExecutive 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.

Transcribed - Published: 5 June 2025

When things go wrong - very badly wrong, as with the case of the infected blood and the sub-postmasters scandals - why can’t the state act quickly to compensate victims? Ed Balls and George Osborne consider how the government should best respond, and balance the interests of innocent people as well as taxpayers.  Harvard is the latest American university to feel the full force of Donald Trump’s ire, with the US president trying to stop the storied institution from bringing on international students. Could there be benefits for Britain? George thinks the government should act now, without delay, to see if some of the best and brightest could abandon the USA for the UK. And the pair lift the lid on their own political memorabilia collection. Can you guess which former US president George has got a special connection to - thanks to some surprising collectors items? Don’t forget we’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie Clifford 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.

Transcribed - Published: 2 June 2025

If Labour was hoping for one of those quick and easy policy U-turns, they certainly haven’t got it. With Rachel Reeves’ spending review a scant two weeks away, the government is still having trouble explaining the details - or providing any detail, really - on how winter fuel payments are now going to work. Now that cutting the two-child benefit cap is in the mix, who is going to explain what is playing out to the general public, and when? Ed Balls thinks it’s all pretty messy, while George Osborne has got a different word for it: baffling. Meanwhile, King Charles has just been in Canada to open up the parliamentary session. An interesting piece of soft diplomacy as Prime Minister Mark Carney navigates a tense relationship with US President Donald Trump. The pair consider - with an unprecedented second state visit to the UK for Trump on the horizon and a chaotic on-again off-again US trade war underway - how should the government best handle it? And they turn their attention to the US tech giants dominance of the UK app store. Is the Apple-Google duology stifling UK growth? A reminder that we’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie Clifford 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.

Transcribed - Published: 29 May 2025

Can a quick political win keep the public on side while the hard work happens behind the scenes? This week on Ex-Ministers’ Questions, Ed Balls and George Osborne debate whether Labour's lack of early symbolic moves has cost them public goodwill - and whether a bit of political theatre can actually make or break a government. They also tackle questions from across the UK and the US: how can Kemi Badenoch rebuild morale in a bruised Conservative Party? What’s the right way to pitch bold economic ideas in a divided world? And who really decides where government contracts go - ministers or mandarins? Plus: a look back at Keynes’s legacy with HM Treasury's Mario Pisani, a tip of the hat to Mr Bates vs the Post Office, and Ed’s run-in with a very enthusiastic listener at Harvard. And a reminder, we’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie Clifford 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.

Transcribed - Published: 26 May 2025

Did someone say U-turn? Ed Balls and George Osborne have been saying it for a while, actually, when it comes to the matter of the controversial winter fuel tax cut. Now that the government has walked it back, will it do the trick and soothe voters and ease tensions with Labour MPs? Ed thinks the approach is “politically and technically messy”. George, for his part, thinks it’s nothing short of a damaging “fiasco” for Labour.  Meanwhile, David Lammy announced this week the suspension of trade talks with Israel, in light of the escalating violence in Gaza. Does this signal a shift in the UK-Israel relations? And will it make much difference to the crisis if it does? George isn’t so sure…  Plus, the pair discuss the newly-minted, post-Brexit deal with the EU - did Britain make the right calls and the right concessions? And a trip down banking regulation memory lane: is it time to wind back bank ringfencing, an ongoing legacy from the Osborne era? And a reminder, we’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie Clifford 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.

Transcribed - Published: 22 May 2025

California Governor hopeful Steve Hilton has a question for Ed Balls and George Osborne this week: which American state would they choose to live in, and would they rather be a senator or a governor? A trip down fantasy lane has the pair questioning the best path to political glory, based on previous presidents’ CVs. Ed Balls for 2032? Seems… far fetched. Back in the real world, the pair debate whether cutting Employer National Insurance Contributions could help get people back into work - and whether Trump’s approach to tariffs has, unintentionally, made him a little bit green. Plus, they reflect on their time facing PMQs in Parliament - and what was really driving their biggest moments at the despatch box. Some exciting news from us! We’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency 👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie Clifford 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.

Transcribed - Published: 19 May 2025

Keir Starmer’s controversial reference to an “Island of strangers” as part of his immigration overhaul has sparked a furore, and inspired a comparison to his previous stance on migration. Ed Balls thinks while there’s no doubt it will cause some consternation, it will be a price worth paying. George Osborne, meanwhile, is getting Tory vibes … it all sounds a bit like it could’ve come from a Conservative government to him.  Meanwhile, President Donald Trump is on a glitzy tour of the Middle East, shaking off any suggestion the gift of a plane from Qatar might be running afoul of a little thing called the US constitutional emoluments clause. What’s the foreign policy impact of this trip?  And speaking of the president, the pair consider Trump’s tariff on film production outside the US. It’s a bid to restore the American film industry to its former glory, but at what cost? And what kind of fallout will there be in the UK’s industry? Plus, some exciting news from us! We’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket!  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 15 May 2025

This week on Ex Ministers’ Questions Ed Balls and George Osborne hear from listeners from the high seas, the Dubai sun, and the halls of Parliament - including a Gold subscriber who circumnavigated the globe listening to the podcast under the stars. The pair consider, has the press been too negative on the government’s brand new free trade deal with India? And while they’re talking about global alliances, they share their thoughts on CANZUK, a proposed alliance between Canada, Australia, New Zealand, and the UK.Meanwhile, the newly-elected Reform UK Mayor Andrea Jenkyns asks for advice on putting Greater Lincolnshire on the map. They weigh in on how cash-strapped local councils can protect the most vulnerable. And they cast their minds back to when they last slept out in a tent… To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:  👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny PapeExecutive Producer: Dino Sofos  Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 12 May 2025

It’s been an impressive week for the Labour government, with trade deals with both India and the US. Ed Balls and George Osborne consider: what does this say about the Starmer government’s ‘softly-softly’ approach to the wildly unpredictable Trump administration? Being the first in the world to ink a deal with the Americans is nothing to be sniffed at, even if it is a little light on the details – but they both agree the big prize will be a deal with the European Union.... What role will free labour movement play? And what price will Labour be willing to pay, considering the all-important need to keep voters placated on matters of immigration and the economy?  Back home, Nigel Farage claims his Reform Party is now the official opposition of the land following a bruising local election for both the major parties. Ed and George consider how both Labour and the Tories will need to position themselves to keep their base.  Plus, they turn to the matter of interest rates. The US Federal reserve opted to keep the base rate steady, while the Bank of England has granted borrowers something of a reprieve. What does this say about the direction of the British economy?  To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny PapeExecutive 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 8 May 2025

Ed Balls and George Osborne, fresh from a break for the Inside the Room Series: The Election that Never Was, jump straight back in with a slew of questions. With George’s old mate and former David Cameron adviser Steve Hilton jumping into the Governor’s race in California they counsel a stateside Republican voter (and Kitchen Cabinet member) on whether they think he’s a good choice.  They also mull data sources for parliamentarians. Are there rules on what’s fair game when crunching the numbers? Or can you cherry pick and choose as it suits? They turn philosophical: is there ever a point when politics and policy has totally served its purpose?  A listener who has been using the show to work up to GCSE studies asks: What’s the best way to get across the financial aspect of politics? The pair share their tips on the best ways to build a good political and economic understanding in today’s climate. To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver GeraghtyExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 5 May 2025

Local elections are taking place across England today - and they’re a major political test for Keir Starmer, Kemi Badenoch, and Nigel Farage. Ed Balls and George Osborne break down what’s at stake in these key contests, from mayoral races to a critical by-election. Meanwhile, across the pond, Donald Trump has just hit 100 days in office. With stock markets reeling, 142 executive orders signed, and a trade war brewing, Ed and George ask how Keir Starmer should handle the ‘special relationship’ with a now even more unpredictable White House? Plus, Mark Carney - the former Bank of England Governor - has just led his party to victory in Canada. A backlash to Trump, or a one-off? And what might it signal for upcoming elections in Australia and beyond? To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver GeraghtyExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 1 May 2025

To Snap or Not to Snap?... As we turn to October 2007, election fever has taken over the UK - everyone from journalists to the opposition to Ed Balls himself is expecting Gordon Brown to call a snap general election. But with the polls lurching back towards the Tories, Brown gets cold feet.  In the final episode of this series, Deborah Mattinson rejoins the series to recall those final war room discussions with Gordon Brown himself and his closest advisors, discussions that end up with the election… aborted.  Brown chooses to make this public in a blockbuster Downing Street interview with Andrew Marr, who joins us in the studio for the second half of the show to take us behind the scenes at that momentous juncture. How did he end up with the scoop, what was Gordon Brown’s demeanor in the room, and why did he decide to break the news as soon as he walked out the door of number 10?  To listen our bonus 'The Inquiry' episode, where Ed and George reflect on this series, sign up to Political Currency Gold or our Kitchen Cabinet. Head to Apple Podcasts or www.patreon.com/PoliticalCurrency to find out more. Producers: John Rogers and Miriam HallTechnical Producer: Danny PapeExecutive Producers: Ellie Clifford and 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.

Transcribed - Published: 28 April 2025

Election Speculation... Labour had a substantial lead in the polls in 2007, fuelling talk of a snap general election to cement Gordon Brown’s place in Number 10. And things only got better as the party arrived in Bournemouth for their party conference. By the end of it, election fever was well and truly in the air. To listen to episode 3 straight away, sign up to Political Currency Gold or our Kitchen Cabinet. Head to Apple Podcasts or www.patreon.com/PoliticalCurrency to find out more. Subscribers will also get exclusive access to 'The Inquiry' - our bonus episode where Ed and George give their reflections on the series. EPISODE 2: Labour’s rivals had to follow the show, and shadow chancellor George Osborne had an ace up his sleeve to unveil at their own conference in Blackpool: a hugely popular cut on inheritance tax. David Cameron followed it up with his own surprise move, a ‘no-notes’ speech that was well received. Suddenly, the polls swung back, erasing the Labour lead in less than a week. Deborah Mattinson - a key pollster for Gordon Brown - continues in the studio with George and Ed to relive these tumultuous couple of weeks. Producers: John Rogers and Miriam HallTechnical Producer: Danny PapeExecutive Producers: Ellie Clifford and Dino SofosPolitical 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.

Transcribed - Published: 24 April 2025

Gordon Brown Takes the Crown... Ed Balls and George Osborne relive the sliding doors moment that could have changed the course of British history - the 2007 election that never was. To listen to episodes 2 and 3 straight away, sign up to Political Currency Gold or our Kitchen Cabinet. Head to Apple Podcasts or www.patreon.com/PoliticalCurrency to find out more. Subscribers will also get exclusive access to 'The Inquiry' - our bonus episode where Ed and George give their reflections on the series. EPISODE 1: Gordon Brown had sat in Tony Blair’s shadow for over a decade. But suddenly, in the summer of 2007, he had his chance. As Blair stepped back, Brown stepped up - from Number 11 to Number 10 - without a single vote being cast. On the 27th June, he visited Buckingham Palace, and accepted the invitation from Queen Elizabeth II to form a government. His first three months were somewhat chaotic. Before his first PMQs, he was dealing with terrorism attacks in London and Glasgow. An outbreak of foot and mouth disease came soon after, as did flooding across the country. And then came the runs on Northern Rock, the canary in the coal mine of the impending financial crash. George and Ed go 'Inside The Room' with Deborah Mattinson, Gordon Brown’s chief pollster. Deborah and Ed were inside many of the same Labour war rooms together, as trusted lieutenants of the former Iron Chancellor, and they recall these positive early days of the Brown premiership.  George, meanwhile, takes us inside the Tory camp of that era and David Cameron’s struggle to land effective blows against Brown. We also hear from Andy Coulson, the Tory head of communications during that period. Producers: John Rogers and Miriam HallTechnical Producer: Danny PapeExecutive Producers: Ellie Clifford and 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.

Transcribed - Published: 21 April 2025

In this Easter special, Ed Balls and George Osborne meet a truly mythical creature: someone who wants to pay more tax, not less. And according to George, there’s actually a way to do it. They also discuss a big political what-if: what happens if a Prime Minister loses their seat? They've talked before about how someone can become PM without being an MP - think Mark Carney in Canada - but this week they flip the question: could one keep the top job if your constituents vote you out? Also in the mix: is a government running out of money about to come for your pension? Would scrapping the tax-free lump sum be a smart or desperate move? And is it time to give our big cities more power - and more room to grow? And a note, don’t miss our upcoming Inside the Room: The Election That Never Was - which is out tomorrow for subscribers and Monday for everyone else.  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Silvia MarescaExecutive Producers: Dino Sofos and 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 17 April 2025

As the US-China trade war heats up, Ed Balls and George Osborne ask: what if the Trump White House took the nuclear option… defaulting on its debts to China? Ed explains why that could be a catastrophic thing to do, while George points to the ‘Mar-a-Lago Accord’ as a way that the US in reality may negotiate its debt.  Sticking with Trump, Ed and George also ponder ‘patrimonalism’ – a term coined by Max Weber to describe governance by personal loyalty and kinship… Is Donald Trump the first patrimonial President of the United States?  Josh Simons MP, a rising star in the Labour Party, asks for advice on getting government backing for a new road in his Makerfield constituency. Is he right to lobby the Housing and Transport departments, and what sort of arguments will pique the interest of the Labour leadership? Right now, the UK has eight living former Prime Ministers. Ed and George conclude by comparing their behaviour upon leaving Number 10. Which PMs clearly can’t let go, and whose stock has risen over time?  Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 14 April 2025

It’s been a rollercoaster few days for the world economy thanks to Donald Trump’s ‘Liberation Day’ tariffs announcement - and his dramatic U-turn a scant week later. With a 90-day pause for every country hit - aside from China -  Ed Balls and George Osborne consider the significance of a hugely disappointing auction of US treasuries, and how it led to Trump’s Treasury Secretary warning him of a looming economic crisis.  They ask: are we watching in real time the US tearing at the foundations of the very system they created? And are there now the first rumblings of Republican discontent? Seems like there’s the first signs of figures in Congress and on Wall Street starting to dissent …  Meanwhile, Keir Starmer has vowed to ‘turbocharge’ the UK economy in the face of global economic tumult. George runs through the options available to the Prime Minister… Is the answer in softening ‘ironclad’ fiscal rules, deals with India or the EU, or hoovering up scientific talent alienated from the US?  And they turn their attention to a Harvard and Kings College London paper, co-authored by Professor Ed Balls – what can the UK learn from ‘Bidenomics’?  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 10 April 2025

This week, Ed Balls and George Osborne mull museums and memes via bank holidays and pennies. With listeners telling us their locations of choice, funeral director Ross ranks highly with his admission that Ed and George are sometimes listened to in a hearse on the drive home. The pair consider: what are the merits of regulating the funeral industry? Should our cultural institutions be charging more for access?George calls upon his expertise as Chair of the British Museum to weigh it up. Meanwhile, Ed shares his own research into the economics of a bank holiday… do we really stand to lose billions if the government was to introduce another? Toxic masculinity and online safety are in the spotlight in the wake of Netflix’s hit show Adolescence, with research indicating that young people in the UK are particularly worried about these issues. Ed and George look at the role of government in addressing their concerns, before assessing whether the humble penny should remain a staple of British life.  And a touch of nostalgia …  a listener reminds the economic duo of the ‘Budget Rap Battle’, put together by Sky News when the pair were on opposite sides of the dispatch box. Ed expresses scepticism that such memes can make a political difference, although both agree that Nick Clegg’s I’m Sorry remix was a damaging – albeit amusing – moment in the Lib Dem leader’s career….  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 7 April 2025

In the wake of Donald Trump’s ‘Liberation Day’, Ed Balls and George Osborne break down the economic thinking – or lack thereof – behind President’s tariffs. Rather than the numbers emerging from complicated analysis, Ed explains how they are merely reached through a simple formula. Will the Federal Reserve be able to cut interest rates as quickly as Trump would like in the wake of his tariffs?   Back home, Keir Starmer is calling for calm and resisting a push to reciprocate, as he seeks to strike an ‘economic prosperity deal’ with the US. Is a wider security concern at play here? And on the other side of the globe, Australians are preparing for a federal election, called by Prime Minister Anthony Albanese for May 3rd. It’s currently looking like a neck and neck contest. Peter Dutton, his Liberal Party opponent, has previously made Elon Musk-like noises, creating his very own shadow ministry for government efficiency… But at a time when Musk might be finding himself out of favour, is this a wise way for Dutton to position himself?  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive Producer: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 3 April 2025

A whole host of Treasury buffs have sent in their questions this week in wake of the Spring Statement, for Ed Balls and George Osborne to answer. Former Chancellor Jeremy Hunt asks whether in the light of Labour’s announcing civil service reductions and welfare reform, the government is “stealing our clothes”?  Lord Macpherson, Permanent Secretary to no less than three Chancellors, praises Rachel Reeves’ “courageous” claim of non-negotiability on her fiscal rules (which George translates as a euphemism for ‘bonkers’). Shadow Chancellor Mel Stride is predictably critical of the Chancellor’s choices, but how much is Rachel Reeves to blame for the situation she finds herself in?  And Ruth Curtice, Chief Executive of the Resolution Foundation and another former Treasury civil servant, sparks a conversation about how living standards will ultimately dictate Labour’s electoral chances.  Plus, Ed and George also clash over Keir Starmer’s use of “coalition of the willing” - is this a conscious attempt to provoke American sentiment, or simply a widely used buzzphrase?  You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And even better, you can now get even more perks by becoming a member of our KITCHEN CABINET to get access to live tickets, merch and more!  Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 31 March 2025

Has Chancellor Rachel Reeves got it right? Ed Balls and George Osborne provide their immediate reaction to her Spring Statement, questioning whether she’s missed her big opportunity for a relaunch. George likens her approach to ‘staying at the Roulette table’, having failed to land on black the first time around…  He also compares her inflexibility to fiscal rules to his own approach while Chancellor, before the pair turn their attention to the government’s own impact assessment on welfare reform. Ed explains what the findings of the report potentially means for millions of families across the country.  And, having returned from the HSBC Global Investment Summit in Hong Kong mere hours before recording, they turn their attention to uncertainty over the global economy following the announcement of yet more tariffs from Donald Trump. They also ponder somewhat gloomy international perceptions of the UK, with Brexit and Liz Truss being consistent themes that are still raised in conversations abroad.  Finally the US national security establishment strayed into farcical territory this week, sharing operational details of a strike on Houthi rebels in Yemen on the messaging app Signal - and accidentally including the editor of The Atlantic, Jeff Goldberg, in the conversation. George and Ed express their bemusement at this turn of events and share their own experiences in government of receiving highly classified intelligence...  You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And even better, you can now get even more perks by becoming a member of our KITCHEN CABINET to get access to live tickets, merch and more!  Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Daniel PapeProducer: Miriam Hall and Jarek ŻabaExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 27 March 2025

With talk of raiding pensions, George Osborne and Ed Balls consider how to increase the incentives for working people to save. As former Treasury insiders, the pair reflect on specific parts of their own previous pension reforms and ask: what approaches would they take if they were still setting policy today? They’re also pressed on recent arguments made by Boris Johnson and Rishi Sunak that Russian assets held in European banks should be directly channelled towards the Ukrainian war effort. Is this a viable approach to funding support for Ukraine?  And how can Mark Carney become Prime Minister of Canada without sitting as a member of Parliament? From Lord Halifax to Alec Douglas-Home, George provides an overview of historical precedent for such an occurrence in the UK whilst explaining the impracticalities of it happening today. But what is the one British government role that demands you be an MP? Finally a question to you, our EMQ listeners – what are your favourite hobbies and pastimes to do whilst listening to the podcast? And can you beat this week’s question-asker? You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… get even more exclusive perks by signing up to be a member of our KITCHEN CABINET! Including bonus content, access to live events, exclusive merch and more. Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny Pape Producers: Miriam Hall and Jarek ŻabaExecutive 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 24 March 2025

They may have both been leading Brexiteers but Dominic Cummings and Nigel Farage were once fierce rivals, vying to be the top campaign of the referendum. As recently as last year Cummings accused Farage of ‘surrounding himself with useless characters’ – so why are we now hearing of a secret meeting between the two before Christmas? Ed Balls and George Osborne pick apart the significance of this rendezvous at a time when Reform are contending with a senior bust up, as well as an imminent by-election in Runcorn where polling has them out in front.  In a week where Diane Abbott and Andy Burnham backed Ed’s criticisms of the government’s welfare reform, Liz Kendall has been in the Commons to announce further detail of Labour’s plan. And they reflect on what options Chancellor Rachel Reeves will have in her Spring Statement (or mini-budget) next week. Can she create a reset moment? Plus, in London this week was the new Canadian Prime Minister Mark Carney. With rumours swirling about an imminent Canadian election, George and Ed debate the merits of calling a vote early into your premiership, reminiscing about the examples of Gordon Brown’s ‘the election that never was’ and Theresa May’s disastrous loss of a majority in 2017.  You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… you could have been in the room asking a question as a member of Political Currency’s KITCHEN CABINET, along with early and ad-free listening, and exclusive Political Currency merch Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Daniel PapeProducer: Miriam Hall and Jarek ŻabaExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 20 March 2025

This week, Ed Balls and George Osborne complete the chancellor triptych with current shadow Chancellor Mel Stride ringing in to ask: how much space should a treasurer leave themselves against their fiscal target? And pressingly, does Rachel Reeves pass their test? They also consider if Nigel Farage will come to regret his close alignment with Donald Trump. Could the electorate turn against him if Trump continues on his rampage of tariffs and military aid halts against Ukraine? Speaking of, why has it taken three years for Europe to come together to back Ukraine against Russian aggression physically, as well as financially? And they turn to the all-important issue of golf, spilling the tee (get it?) on their ideal political partner for a four-hour round on a golf course. Which political golfing invite made David Cameron deeply nervous? You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… you could have been in the room asking a question as a member of Political Currency’s KITCHEN CABINET, along with early and ad-free listening, and exclusive Political Currency merch Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Oliver GeraghtyProducer: Miriam Hall and Rosie StopherExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 17 March 2025

A ceasefire in the Russian-Ukraine war is now on the table, with US and Ukrainian officials reaching a deal to stop the fighting. With US military aid to Ukraine and intelligence sharing now reinstated, the world is now turning to Putin’s next move. Will the Russian president agree to peace? George Osborne and Ed Balls consider the monumental shifts in the way the years-long conflict is now being viewed. And at what price?  Meanwhile on both sides of the Atlantic, leaders are getting to grips with the trade war being waged by President Trump, with the latest to consider their approach being incoming Canadian Prime Minister Mark Carney. After discussing Trump's dismissal of the stock markets, Ed and George discuss the merits of Carney's firebrand response to US tariffs, comparing it to Keir Starmer's more moderate approach.  Back at home, Starmer’s government is already under fire as rumours spread over possible welfare reform ahead of the Spring Statement. Will this be the undoing of a party that has stood so squarely against very similar suggestions when in opposition? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Producers: Miriam Hall, Jarek Zaba and Rosie StopherTechnical Producer: Danny Pape Executive Producer: Ellie Clifford 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.

Transcribed - Published: 13 March 2025

This week George Osborne and Ed Balls are taking questions in person, with a select few Kitchen Cabinet members joining the first ever live audience recording of the show.  Is Fredreich Merz right to worry that the European Union will face a financial crisis thanks to government debt? Is AI data management the way forward for driving significant savings in both welfare and healthcare? And is Trumpian rhetoric having an adverse effect on centre-right campaigning?  Plus, they turn their minds to an area of true expertise: how to manage life after a career in politics. How do you keep bitterness at bay and forge a new, meaningful career? Is a comparison to a retired top-level footballer too much? George doesn’t think so…  You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… you could have been in the room asking a question as a member of Political Currency’s KITCHEN CABINET, along with early and ad-free listening, and exclusive Political Currency merch Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny PapeProducer: Miriam Hall and Rosie StopherExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 10 March 2025

This week George Osborne and Ed Balls are taking questions in person, with a select few Kitchen Cabinet members joining the first ever live audience recording of the show.  Is Fredreich Merz right to worry that the European Union will face a financial crisis thanks to government debt? Is AI data management the way forward for driving significant savings in both welfare and healthcare? And is Trumpian rhetoric having an adverse effect on centre-right campaigning?  Plus, they turn their minds to an area of true expertise: how to manage life after a career in politics. How do you keep bitterness at bay and forge a new, meaningful career? Is a comparison to a retired top-level footballer too much? George doesn’t think so…  You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… you could have been in the room asking a question as a member of Political Currency’s KITCHEN CABINET, along with early and ad-free listening, and exclusive Political Currency merch Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny PapeProducer: Miriam Hall and Rosie StopherExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 10 March 2025

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?  Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Producers: Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 6 March 2025

This week, Conservative peer Baroness Gabby Bertin asks for advice on how to keep a government report from sinking without a trace. Her review - released on Thursday - calls for a ban on degrading and misogynistic pornography. George Osborne and Ed Balls provide their views on how to make sure the findings reach the right people and make an impact. Speaking of influence and power, host of Politico’s Westminster Insider podcast Sascha O’Sullivan has a question regarding the relationship between the Prime Minister and Chancellor. How does that personal interplay between the two impact the reach of the Treasury? They consider Keir Starmer’s surprise defence spending announcement, by way of example.  Lord Evans of Rainow has an apology for Ed that sparks a question about the future of heckling and sledging in parliamentary questions. Is it getting tougher in modern politics? Or easing off? And they cast their minds back to A-Level politics. What 1980s sixth form learnings did George draw on in his political career? Why did Ed elect to skip the course altogether? And what would they include if they were teaching the course today?  This episode is brought to you by British Airways. British Airways will take care of you over a lifetime of journeys. Book your next flight at britishairways.com You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny PapeProducer: Miriam Hall and Rosie StopherExecutive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 3 March 2025

As Keir Starmer meets with Donald Trump for the first time since the latter’s re-election, international order appears to be fragmenting around us. George Osborne and Ed Balls ask, are European leaders having to face up to a painful truth that their security is now at the whim of Trump’s? Could other countries even come close to providing the kinds of military forcepower the Americans can provide? All the same, Starmer made a big splash this week ahead of his momentous trip to the White House by announcing increased defence spending - and a slashing of the aid budget. The pair consider how this massive strategic shift will recast Britain’s role on the world stage. And what does it say about Starmer’s grip on his Cabinet?  Plus, pure podcast gold as George and Ed take a look at the latest Elon Musk amplified conspiracy: that the US’s reserves in Fort Knox might be missing. Why is gold of such political and economic importance, and how do the optics of Musk and Trump's pronouncements remind us of Gordon Brown's sale of reserves - or even the ‘Pasty Tax’?  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, join Political Currency’s KITCHEN CABINET to enjoy early and ad-free listening, access to live EMQs recordings, and exclusive Political Currency merch. Producers: Jarek Zaba, Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 27 February 2025

Ex-ministers Ed Balls and George Osborne reflect on the moments in their political careers when they went against the whip. What are the consequences of going against the party grain, and is it worth it? Simon Hart, former Chief Whip under Rishi Sunak, sends us a voice note to ask…  And on the subject of political maneuvering and backroom deals – and with rumours swirling No 10 is planning a Spring rejig – what’s it like when there’s a cabinet reshuffle? The pair reflect on the political brutality that comes into play when there’s a shakeup. You’d be surprised who is actually first to know when there’s a change in the air …  They also turn their attention to foreign aid in this era of nationalism and tight budgets. At the request of Tom Fletcher, of the UN, they consider the case for sending money abroad.  Plus, Labour MP Whitehaven and Workington Josh MacAlister asks for advice on how to make big, successful decisions on things like building nuclear power stations.  This episode is brought to you by British Airways. British Airways will take care of you over a lifetime of journeys. Book your next flight at britishairways.com You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 Technical Producer: Danny PapeProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 24 February 2025

Donald Trump and his Vice President JD Vance have set the cat amongst the pigeons as they criticise Europe and Ukraine this week. Ed Balls and George Osborne look back on a week that turned the world upside down. How do NATO members respond to perhaps the most unpredictable world leader ever known? Keir Starmer is just one world leader considering his next steps in Trumpworld. Is his vision for Britain as a bridge between the EU and the US working? And if he’s to follow through on his pledge of British troops in Ukraine, how on earth is he going to pay for it? And, perhaps the only country seeing a buck in the trend of Trump-style right-wing leanings, Canada is heading towards a federal election - and former Governer of the Bank of England, Mark Carney’s decision to run has shaken things up. Ed and George take stock of their friend’s campaign.  This episode is brought to you by British Airways. British Airways will take care of you over a lifetime of journeys. Book your next flight at britishairways.com Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Or, 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Producers: Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 20 February 2025

With Valentine’s Day just gone, podcast soulmates Ed Balls and George Osborne are turning to questions of both hearts and minds this week. As Keir Starmer recently became the first sitting Prime Minister to take a public HIV test, Richard Angell, the Chief Executive of Terrence Higgins Trust asks: Did Ed and George ever take a similar step while in leadership? They also consider whether UK politics could ever drop the inevitable personal attacks that are rolled out during an election campaign. And speaking of, was Ed Miliband dealt a bad hand in the 2015 election, or was the infamous bacon sandwich incident fair game?  And, are the “gotcha” moments of politics and journalism a thing of the past? They look back on some memorable deer-in-the-headlights moments while doing the media rounds …  You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon. Technical Producer: Danny PapeProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 17 February 2025

The Starmer government’s landmark Assisted Dying bill could be in danger of collapsing, with sponsor Kim Leadbeater now proposing major changes in the final moments. Will this signal the end once and for all? Ed Balls and George Osborne clash over how Keir Starmer should best proceed. Should he pull the bill entirely? Or is it time to press on?  Meanwhile, Kemi Badeoch is marking 100 days in what is arguably one of the worst jobs going in politics: Leading the opposition. She's working hard to hose down the idea of a pact with Nigel Farage and Reform that just keeps coming up. Why is she having such a hard time getting out from his shadow? And JD Vance (George’s mate, remember?) has made his first trip as Vice President across the Atlantic to join a global artificial intelligence summit in Paris. The US refused to sign the international AI declaration, and the UK followed suit - so what on earth has prompted the UK to abandon a cause that they got going in the first place? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency Producers: Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 12 February 2025

This week, Ed Balls and George Osborne take on some of the most difficult challenges facing society today. With millions of people of working age not in a job - officially called economically inactive - the pair consider the current costs to society and how to fix them. Columnist for the Times and former MP Matthew Parris asks George directly: Didn’t he see this coming with the introduction of personal independence payments?  And the Office of Budget Responsibility is meant to be apolitical – but does the government of the day at least have a little sway on its forecast? And considering the size of public spending in the UK, is the Trump Administration’s Department of Government Efficiency, referred to as DOGE, even more relevant in this country? Plus, how can psychology play a greater role in politics and policy …  You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidTechnical Producer: Danny PapeProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 10 February 2025

Keir Starmer has been in Brussels this week, meeting with European Union leaders with the view to resetting the relationship with the bloc. George Osborne and Ed Balls ask, is it making good on a campaign promise? Is it to shore up UK-EU relations as President Donald Trump runs wild with tariffs? Or, is it a perfect opportunity to lay the perfect trap for the Conservatives …  Trump’s decision to slap tariffs on major US trading partners sent shock waves across the globe and sent the stockmarket into a tail spin. But he managed to outdo himself with his plans for Gaza, telling the world the US was taking it over. Ed and George look at how the first two weeks of this extraordinary Presidency is going, and how other world leaders are handling this new Trump era.  And plans for a football regulator has widespread political support - so why does the Premier League remain so hostile to the idea? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency  Producers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 6 February 2025

This week Ed Balls and George Osborne look at what makes a smart, successful opposition party. Is disagreeing with everything the government of the day says the best way to do it? Or are there some judicious, selective compromises to be made? And who are the best examples of politicians who’ve made some well played, cross party agreements?  Amid global tumult, they consider the question: is democracy dead? What will happen if President Donald Trump’s policies are a roaring success? And the pair remember being interviewed by Andrew Neil. Was it an opportunity to relish, or one to avoid?  Plus, former Tory adviser Malcolm Gooderham phones in to ask: can the Office of Budget Responsibility keep to their growth forecast of 2 percent? And what would the fallout be if there were to be a downgrade? You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidTechnical Producer: Danny PapeProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 3 February 2025

In the wake of the horrific Southport attack, George Osborne and Ed Balls consider the parameters of the upcoming inquiry and the intensifying concern about young men engaging in acts of violence. Should the definition of extremism be changed with the so-called manosphere in mind? And do we need new rules for reporting on major crime for our social media age?  And the pair mull over Rachel Reeves speech outlining her plans for growth. George thoroughly approves of everything she is announcing, and thinks he couldn’t have said it better himself – except that time he did, 12 years ago! Is Reeves morphing into a conservative chancellor? Plus, Ed reflects on the funeral of Labour stalwart John Prescott, sharing some of the most moving, powerful moments of the service.  Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency  Producers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 30 January 2025

A somewhat sporty one this episode, as in the wake of a Davos meet, George Osborne and Ed Balls consider: Why hasn’t David Beckham been knighted yet? Lady Posh Spice would just sound so good.  Meanwhile, Former Minister for Sport Tracey Crouch asks if there’s any way to keep politics out of sport under Trump’s presidency. With a World Cup and an Olympics games in the US this year, what will be at stake under the new administration? And, the pair slip into professor mode to break down a few lessons of the Chancellor. What is the oft-discussed bond market? And while they are at it,what actually is Downing Street’s “The Grid”? You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidTechnical Producer: Oliver GeraghtyProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 27 January 2025

President Trump has had a big week, what with an inauguration and then signing a myriad of actions in his first days in office - never mind the move to US tech supremacy. After a big start, Ed Balls and George Osborne ask whether he can sustain the political honeymoon, or if this will be a very different Trump presidency, marred by the reality of being a populist President in office.  Meanwhile, like the rest of the global elite, George is in Davos, and he’s reporting back to Ed everything he’s heard about the outsider’s economic view of the UK. Will Rachel Reeves and Jonathan Reynolds’ upcoming announcements make any difference to the ‘glum’ outlook? And another closely-observed politician at Davos is Friedrich Merz, contender for the next Chancellor of Germany. As the AfD chases his CDU party, are we looking, as he claims, at the last free election in modern Germany? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency Producers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Oliver GeraghtyExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 23 January 2025

President Trump has had a big week, what with an inauguration and then signing a myriad of actions in his first days in office - never mind the move to US tech supremacy. After a big start, Ed Balls and George Osborne ask whether he can sustain the political honeymoon, or if this will be a very different Trump presidency, marred by the reality of being a populist President in office.  Meanwhile, like the rest of the global elite, George is in Davos, and he’s reporting back to Ed everything he’s heard about the outsider’s economic view of the UK. Will Rachel Reeves and Jonathan Reynolds’ upcoming announcements make any difference to the ‘glum’ outlook? And another closely-observed politician at Davos is Friedrich Merz, contender for the next Chancellor of Germany. As the AfD chases his CDU party, are we looking, as he claims, at the last free election in modern Germany? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency Producers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Oliver GeraghtyExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 23 January 2025

With Donald Trump back in the White House as of Monday, leader of the Liberal Democrats Ed Davey has called in to ask: In strengthening the nation's negotiating hand with the new American leadership, is there a case for rejoining the EU customs union? George Osborne and Ed Balls discuss whether he's on to something - and whether there's any way it could happen under a Starmer government. Meanwhile, the PM wants to supercharge the UK’s Artificial Intelligence capabilities – but should that be top of mind when the nation’s essential workers like teachers and nurses are still working with ailing technology? Plus, the pair consider the viability – and morality – of a universal basic income. Would it reduce poverty? Or lead to laziness?  You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidTechnical Producer: Oliver GeraghtyProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 20 January 2025

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? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency Producers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Oliver GeraghtyExecutive Producer: Ellie Clifford 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.

Transcribed - Published: 15 January 2025

George Osborne and Ed Balls are back for their first round of questions of the year, ready to mull the big conundrums of 2025! Craig Oliver, former director of Politics and Communications in David Cameron’s No 10, asks the pair to weigh in on the upcoming Trump Presidency. Do we need to take him seriously – and literally – this time around?  In the wake of our Inside No 10: David Cameron - The First Six Months series, should Labour have taken a leaf from the Cameron/Osborne era and painted a fuller picture of their economic approach while in opposition? And, Ed and George consider Keir Starmer’s national security adviser – is there anything amiss with the appointment of Jonathan Powell? Or does it make sense?  You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidTechnical Producer: Will Gibson SmithProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: Dino Sofos Political Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 13 January 2025

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 McDaidTechnical Producers: Will Gibson Smith and Danny PapeProducers: Miriam Hall, James Shield and Rosie StopherExecutive 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.

Transcribed - Published: 9 January 2025

How do you position yourself on the world stage? David Cameron might have been Prime Minister of the United Kingdom, but in this third episode he shares with Ed Balls and George Osborne the true reality of leading a small country in a big world. British soldiers in Afghanistan; Relations with China; The beginnings of a rupture in the UK-EU relationship. And he shares the more personal moments - like losing a parent - that still happen in the life of a human being who happens to be Prime Minister.  As Keir Starmer marks six months as Prime Minister, Political Currency is stepping back into 2010, when another former leader of the opposition took up the premiership. Across three episodes, Ed Balls and George Osborne are joined by David Cameron - from the moment he arrived at Downing Street, to dealing with a hostage crisis; taking on his first PMQs to the emotional loss of his father. This is Cameron as you’ve never heard him before - in conversation with both a former ally and adversary as they revisit the political moments that shaped a new government and a new leader. If you’ve listened to the first two episodes of Inside Number 10: David Cameron - The First Six Months and can’t wait for part 3, don’t!  All episodes are already available, ad-free for Political Currency Gold subscribers, as well as our subscriber exclusive Inquest episode. And, you can now 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 Producers: Rosie Stopher, James Shield and John RogersTechnical Producer: Oliver Geraghty and Mikey NissenbaumProduction Support: Miriam Hall and Caillin McDaidExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 6 January 2025

How do you prepare the country for austerity? David Cameron joins Ed Balls and George Osborne to step back to the 2010 budget. From the true relationship between a Prime Minister and his Chancellor, to the careful decisions on departmental spending, to the very difficult task of selling cuts to a country that doesn’t want them, this is the reality of a Prime Minister before a government-defining fiscal event. As Keir Starmer marks six months as Prime Minister, Political Currency is stepping back into 2010, when another former leader of the opposition took up the premiership. Across three episodes, Ed Balls and George Osborne are joined by David Cameron - from the moment he arrived at Downing Street, to dealing with a hostage crisis; taking on his first PMQs to the emotional loss of his father. This is Cameron as you’ve never heard him before - in conversation with both a former ally and adversary as they revisit the political moments that shaped a new government and a new leader. If you’ve listened to the first episode of Inside Number 10: David Cameron - The First Six Months and can’t wait for part 2, don’t!  All episodes are already available, ad-free for Political Currency Gold subscribers, with bonus content coming later this week. And, you can now 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 Producers: Rosie Stopher, James Shield and John RogersTechnical Producer: Oliver Geraghty and Mikey NissenbaumProduction Support: Miriam Hall and Caillin McDaidExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 2 January 2025

What’s it really like to step through the black door of No 10 for the first time as Prime Minister? Ed Balls and George Osborne ask David Cameron about his “out-of-body” experience on the way to the palace, plus what it’s like organising a staff team who have just had to say goodbye to a government. They discuss how to handle the top job when life starts relentlessly throwing events at you, the surprising tasks - like letters of last resort - that suddenly become your responsibility, and whether a ruthless streak is the only way to succeed. As Keir Starmer marks six months as Prime Minister, Political Currency is stepping back into 2010, when another former leader of the opposition took up the premiership. Across three episodes, Ed Balls and George Osborne are joined by David Cameron - from the moment he arrived at Downing Street, to dealing with a hostage crisis; taking on his first PMQs to the emotional loss of his father. This is Cameron as you’ve never heard him before - in conversation with both a former ally and adversary as they revisit the political moments that shaped a new government and a new leader. If you’ve listened to the first episode of Inside Number 10: David Cameron - The First Six Months and can’t wait for part 2, don’t!  All episodes are already available, ad-free for Political Currency Gold subscribers, with bonus content coming later this week. And, you can now 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 Producers: Rosie Stopher, James Shield and John RogersTechnical Producer: Oliver Geraghty and Mikey NissenbaumProduction Support: Miriam Hall and Caillin McDaidExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 30 December 2024

This Boxing Day, George Osborne and Ed Balls pop the champagne and turn their minds to the year ahead. Good Morning Britain's Kate Garraway asks: What could Labour achieve in 2025 that would earn it Ed and George’s seal of approval? And what are they personally looking forward to in the coming year?  Meanwhile, Conservative Member of Parliament Laura Trott, Shadow Chief Secretary to the Treasury, has rung in to ask for advice on getting the issue of improving schools on the radar.  And have Ed and George really left politics for good? They consider what it would take to stage a comeback …  You could have been listening to this episode of EMQs early and ad-free! And not only that… 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 McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: 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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 26 December 2024