

Political Currency
Persephonica
Ed Balls and George Osborne take us behind closed doors into the rooms where decisions are made. Having battled it out across the despatch box, the former Chancellor and shadow chancellor now meet in the studio to discuss the decisions that affect the nation’s pockets. Our frenemies have the knowledge and experience to explain how good politics follows the economics - and expose how the powerful become powerless when faced with market forces and political currents they can’t control. Join us every Thursday.Send your messages or voice notes to questions@politicalcurrency.co.ukFind us on social media @polcurrencyPolitical Currency is a Persephonica production. Hosted on Acast. See acast.com/privacy for more information.
Episodes
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20 snips
Mar 20, 2025 • 57min
Is Rachel Reeves risking her reset moment?
The podcast dives into the unexpected alliance between Dominic Cummings and Nigel Farage, discussing the implications of their secret meeting amid political turmoil. There’s a spotlight on Labour’s plans for welfare reform, with Rachel Reeves under scrutiny for her upcoming Spring Statement. The hosts analyze leadership challenges faced by new Prime Minister Mark Carney and the risks of early elections, all while reflecting on Britain's political dynamics and the ongoing battle over economic policies. A compelling blend of politics and strategic maneuvers!

Mar 17, 2025 • 40min
EMQs: Political Golf Buddies
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 merchSubscribe 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. Hosted on Acast. See acast.com/privacy for more information.

Mar 13, 2025 • 1h 3min
Will welfare cuts be Labour’s undoing?
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 CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Mar 10, 2025 • 48min
EMQs: A post politics survival guide
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 merchSubscribe 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. Hosted on Acast. See acast.com/privacy for more information.

Mar 6, 2025 • 58min
Will Rachel Reeves be forced into an emergency budget?
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 CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Mar 3, 2025 • 47min
EMQs: The art of parliamentary heckling
Baroness Gabby Bertin discusses strategies to ensure important government findings don't fade away, including a call to ban degrading pornography. The dynamics between the Prime Minister and Chancellor are explored, alongside Keir Starmer's unexpected defense announcement. The conversation shifts to the future of heckling in Parliament, questioning its toughness in modern politics. Finally, the hosts reflect on their early political education and what a modern A-Level course should include, weaving humor and personal anecdotes throughout.

8 snips
Feb 27, 2025 • 1h 2min
Europe’s security wake-up call
Keir Starmer meets Donald Trump, sparking discussions on Europe's reliance on US military power. The podcast dives into Starmer's controversial decision to boost defense spending while cutting foreign aid, reshaping Britain's global stance. Tensions surrounding transatlantic relations are at the forefront, especially regarding defense investments amidst economic strain. Additionally, the hosts explore gold's rising significance in politics, triggered by Musk's conspiracy theories and Trump's remarks about US reserves.

30 snips
Feb 24, 2025 • 47min
EMQs: How to survive a cabinet reshuffle
Ex-ministers reflect on their rebellious political moments, discussing the risks of defying party loyalty. They uncover the brutal realities of cabinet reshuffles and reveal who often gets the inside scoop on changes. The conversation shifts to the challenges of foreign aid in a nationalism-driven climate and why it remains essential. Additionally, they address strategic decision-making for critical projects like nuclear power, highlighting the intersection of politics, energy policy, and international relations.

10 snips
Feb 20, 2025 • 1h 3min
Could Keir Starmer send British Troops to Ukraine?
This discussion dives into the ramifications of potentially deploying British troops to Ukraine, weighing national interests and international duties. The chaotic influence of Donald Trump on global politics, especially concerning US-Russia relations, raises questions about alliances. Meanwhile, Canada experiences a political shift with Mark Carney emerging as a contender against conservative leadership. Nostalgic reflections on political careers and memorabilia provide humor amidst serious geopolitical conversations.

8 snips
Feb 17, 2025 • 43min
EMQs: Are personal insults fair in politics?
With a humorous twist, the hosts delve into the contentious role of personal insults in politics. They ponder the potential for a more civil campaign culture in the UK, inspired by German political practices. The infamous bacon sandwich incident sparks a debate about fairness in political attacks. Also discussed are the challenges of modern media interactions and the absurdity of misleading 'gotcha' moments in journalism. Personal experiences highlight the balance between political strategy and genuine leadership in tackling social issues.


