Political Currency

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 SofosPolitical 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.

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 SofosPolitical 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.

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 SofosPolitical 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.

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

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

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

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

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.

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.

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.

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.

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

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’? 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.Producers: Jarek Zaba, 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.

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

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.comBecome 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 CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

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

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/politicalcurrencyProducers: 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.

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

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 CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

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

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 CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

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

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/politicalcurrencyProducers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Oliver GeraghtyExecutive 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.

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

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/politicalcurrencyProducers: Caillin McDaid, Miriam Hall and Rosie StopherTechnical Producer: Oliver GeraghtyExecutive 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.

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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Will Gibson SmithProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: Dino SofosPolitical 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.

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/politicalcurrencyProduction support: Caillin McDaidTechnical Producers: Will Gibson Smith and Danny PapeProducers: Miriam Hall, James Shield and Rosie StopherExecutive Producer: Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

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

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

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

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 Education Secretary, 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/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

Christmas is just days away now, so Ed Balls and George Osborne are getting into the season by reflecting on Christmas-time political emergencies that have interrupted the festivities over the years. Meanwhile, Claudia Winkleman makes a guest appearance to ask the pair to weigh in on important matters: Should one read the joke first or place the crown after pulling a Christmas cracker? She also asks – mince pies or ice cream? And, of course, traitor or faithful? The pair also consider which political figure they would want to cover in a political biography. And George reveals whether he and Theresa May still exchange Christmas cards … 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/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

David Cameron is revealed as our very special guest on Inside No 10: David Cameron - The First Six Months, out 30th December.Follow us wherever you get your podcasts to make sure you don’t miss this incredible conversation about what it really takes to run the government. 📺: Watch the trailer now!Plus: An alleged spy scandal that reportedly ensnared Prince Andrew has Ed Balls and George Osborne asking: is it as bad as it looks? Isn’t spying – which the Chinese national in question strongly denies he was doing – just a fact of life? We consider how to balance counterespionage with attempts to build a stronger economic relationship with China.Meanwhile, with 2024 drawing to a close, we review the party leaders’ performance. How worried should Keir Starmer be about the polls? Has he made a rod for his own back in handling the WASPI (Women Against State Pension Inequality) compensation matter? And how’s Kemi Badenoch doing in her new role as Tory leader? And George and Ed hand out their awards for the political highs and lows of the year. Who had the worst speech? Whose was the best? And we review the most memorable moments of 2024, for both the right and the wrong reasons…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/politicalcurrencyProduction support: Caillin McDaidProducers: Miriam Hall, James Shield and Rosie StopherExecutive 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.

This week, George Osborne and Ed Balls consider: should economic decisions be confined to the Treasury and the Prime Minister? Or is the room for wider cabinet discussion? Meanwhile, Lyanne Nicholl, the CEO of 50:50 Parliament – an organisation dedicated to driving more female representation in government – asks Ed and George to share their most positive words of wisdom for someone weighing a career in politics. The pair reveal the women they’ve encouraged to go into the government game, and where they think barriers persist. They also mull the costs Britain would face were it to join the customs union – and is a Welsh referendum ever going to be a reality? Plus, they share when mishearing something has led to some political awkwardness all round … You could have been listening to this episode of EMQs early and ad-free!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/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher and Miriam Hall Executive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

Keir Starmer is working hard to shift the narrative on his government from gloomy tax raiders to optimistic change makers. Ed Balls and George Osborne asses whether he’s leaning too hard into blame. Does he need to stop the finger pointing and get on and deliver?Bashar al-Assad’s regime in Syria collapsed this week — a sudden, stunning end to the Assad family’s five-decade reign. Ed and George reflect on the Syrian civil war and its impact on their time in politics. What is going on in Downing Street right now, and how should the UK proceed? David Cameron’s deputy security adviser Hugh Powell makes a guest appearance to advise on how to stop the country from descending into conflict. Plus, Emmanuel Macron is dealing with a frozen French parliament and under mounting pressure to appoint a new Prime Minister. After a spectacular Olympics and the grand reopening of Notre Dame, he should be riding high – but are his days in politics now numbered? 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/politicalcurrencyProduction support: Caillin McDaidTechnical producer: Oliver GeraghtyProducers: Miriam Hall and Rosie StopherExecutive 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.

Who are the individuals who’ve influenced elections in the same way as Elon Musk? Ed Balls and George Osborne run through some of the great drivers of political results over the years - from people on the street to press barons. Plus, with our Inside The Room miniseries with Nicola Sturgeon now wrapped up, George and Ed take listener questions on the matter of the 2014 referendum and the ongoing, simmering tensions around Scottish independence. Would England be economically better off without Scotland – and why are English politicians so keen to cling to it? Are there parallels between the Scottish independence movement and Brexit – and if so, why won’t the nationalists admit it? You could have been listening to this episode of EMQs early and ad-free!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/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Technical Producer: Oliver GeraghtyExecutive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

After helping to secure a victory for Donald Trump in the US election Elon Musk is seemingly setting his sights on the UK and Reform. Ed Balls and George Osborne take stock of whether Keir Starmer and Kemi Badenoch should be worried. Is this another sign of the end of the two-party system?The historic vote on assisted dying last week has brought a whole new set of questions and challenges for the government. How Labour will balance its plans for the NHS with this potential landmark legislation? And does Keir Starmer support this? Can the cabinet divisions on the bill be overcome?Meanwhile, the government’s main focus is a relaunch to help set the agenda for the rest of the parliament. Not, of course, that they're calling it that. But do government relaunches ever work? And how can this one successfully reset the narrative? 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. You'll also get EXCLUSIVE access to Ed and George's Inside The Room: The Scottish Independence Referendum debrief conversation.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency Production support: Caillin McDaidTechnical producer: Oliver GeraghtyProducers: Miriam Hall and James ShieldExecutive Producer: Rosie StopherPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a fresh, forensic look at the forces, decisions and party politics that drove the independence movement. With just weeks to go, polling suggested the ‘Yes’ campaign had it, and Scottish voters were going to vote to leave. Nicola Sturgeon reveals the sense of jubilation inside the SNP when the tide began to turn their way, and fear the British establishment was only set to become more ferocious. If the poll had come just a little later, could the ‘Yes’ side have been triumphant? Did the “Vow” – a promise for more devolution powers – make a difference? Who was convinced Rupert Murdoch was going to use his tabloid to support their interests? Remember to send us your questions in for our special Inside The Room: The Scottish Independence Referendum episode of EMQs. You can send them to [email protected] Currency Gold subscribers have exclusive access to Ed and George's debrief chat. POLITICAL CURRENCY GOLD 🏅Become a member of Political Currency Gold to support the podcast, enjoy ad-free listening to all our episodes, receive early access to EMQs and Inside The Room, and more. Subscribe now: patreon.com/PoliticalCurrency or on Apple Podcasts: apple.co/politicalcurrencyProducers: Rosie Stopher and John RogersTechnical Producer: Oliver GeraghtyProduction Support: Miriam HallExecutive Producers: Ellie Clifford and Dino SofosArchive: BBC News, EuroNews and Sky News.Political Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a fresh, forensic look at the forces, decisions and party politics that drove the independence movement. As the independence vote approached, the question of finances and currency began to plague the ‘Yes’ campaign. In episode two of this special miniseries, Nicola Sturgeon, Ed Balls and George Osborne reflect on the decisions, mistakes and motives that may have tilted public perceptions around Scotland's departure from the UK. We go inside Cameron government’s so-called Project Fear – was it all just scaremongering? Nicola reveals the moment she thought it was all going to collapse, and why George played part. And Ed lifts the lid on the machinations that led him to say Scotland would have to join the Euro if it were to leave the UK. Part 3 of 'Inside The Room: The Scottish Independence Referendum' is available to listen to NOW for subscribers to Political Currency Gold, as well as Ed and George's exclusive debrief. POLITICAL CURRENCY GOLD 🏅Become a member of Political Currency Gold to support the podcast, enjoy ad-free listening to all our episodes, receive early access to EMQs and Inside The Room, and more. Subscribe now: patreon.com/PoliticalCurrency or on Apple Podcasts: apple.co/politicalcurrencyProducers: Rosie Stopher and John RogersTechnical Producer: Oliver GeraghtyProduction Support: Miriam HallExecutive Producers: Ellie Clifford and Dino SofosArchive: BBC News, EuroNews and Sky News.Political Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

Joe Biden's White House days are numbered, and he appears to be scrambling to secure his legacy. With a ceasefire just brokered between Israel and Lebanon, George Osborne and Ed Balls ask: What kind of influence is the returning President Trump already having on foreign policy? How is the transition really working? And what does this mean for the conflict in Ukraine? Is the Trump effect forcing world leaders to harden up and have a real, public conversation about a peace deal? Back home, Rachel Reeves is talking a big game – insisting Labour won’t be bringing in any more tax increases or borrowing plans. Is she making promises that will be hard to keep? Ed and George mull whether Reeves is setting herself up for trouble down the road.And with a snap election in Germany just months away, Ed and George take a closer look at the country’s economy – which has gone from ‘miraculous’ to ‘kaput’ in just a few years – and ask who’s to blame.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/politicalcurrencyProduction support: Caillin McDaidTechnical producer: Oliver GeraghtyProducers: Miriam Hall and James ShieldExecutive Producer: Rosie StopherPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a fresh, forensic look at the forces, decisions and party politics that drove the independence movement. In this first of three episodes, Nicola, Ed and George walk through the key moments leading up to David Cameron’s decision to grant Holyrood the referendum vote. What was the focus of the conversations in Downing Street? George explains why he wanted to call the nationalists’ bluff and catch them off guard. And what advice did Gordon Brown provide – that Nicola says was ignored – to keep the United Kingdom intact? Parts 2 and 3 of 'Inside The Room: The Scottish Independence Referendum' are available to listen to NOW for subscribers to Political Currency Gold.POLITICAL CURRENCY GOLD 🏅Become a member of Political Currency Gold to support the podcast, enjoy ad-free listening to all our episodes, receive early access to EMQs and Inside The Room, and more. Subscribe now: patreon.com/PoliticalCurrency or on Apple Podcasts: apple.co/politicalcurrencyProducers: Rosie Stopher and John RogersTechnical Producer: Oliver GeraghtyProduction Support: Miriam HallExecutive Producers: Ellie Clifford and Dino SofosArchive: BBC News, EuroNews and Sky News.Political Currency is a Persephonica Production and is part of the Acast Creator NetworkHosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

Former deputy prime minister John Prescott died yesterday at the age of 86. Often described as a ‘political bruiser’, Ed Balls and George Osborne remember Prescott differently: as a policy powerhouse and as a skilled negotiator between Blair and Brown. Does a comparable player exist in today’s Labour government? And, Ed recalls the moment he was involved in a car chase with ‘Two Jags’ himself.With the assisted dying bill facing a second reading next week, the pair consider whether it will pass or be voted down. Is the issue set to be off the agenda for a generation, or could Starmer rescue the bill?Plus: the Budget may not have fallen apart, but with Scottish Labour sending different messages, farmers (and Jeremy Clarkson) on the march and mortgage rates rising, we take a look at its political impact. Are any u-turns on the horizon?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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall, Rosie Stopher and James ShieldExecutive Producers: 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.

With incensed British farmers set to descend on London in protest to the government’s new rules on inheritance tax for agricultural property, Ed Balls and George Osborne consider the likelihood of the Treasury reversing course. What made George change his mind on the so-called “pasty tax” in 2012 - and will Rachel Reeves consider a similar u-turn? This past week marked a special anniversary – the day George thought the UK would go to the polls. Should Rishi Sunak have let his run go a little longer? Author and journalist Tim Shipman, who has examined the issue of Sunak’s timing in his latest book Out: How Brexit Got Done and the Tories Were Undone asks George and Ed their view on when the Tories should’ve called the election. They also consider: does Donald Trump’s election, and his love of protectionist policies, make the idea of the UK joining the European Union Customs Union more justifiable? And… exactly what is Gerrymandering? Professors Balls and Osborne are here to explain. You could have been listening to this episode of EMQs early and ad-free!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/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

The second era of Trump is a little over a week old, and the president-elect is making waves with his cabinet appointments. An attorney general who has been investigated by the House ethics committee for sexual misconduct allegations (which he vehemently denies)? Welcome, Matt Gaetz. Trump’s pick for defence secretary? Pete Hegseth, a Fox News host who’s a proponent of American-made ammo.George Osborne and Ed Balls consider what the spillover will be for the UK. Will the recently cooked-up Chagos Islands deal get messy? And will Britain find itself more exposed to America than the US itself when it comes to the economic fallout?And while Nigel Farage still appears to be jostling to become UK ambassador to the US, Peter Mandelson is strongly tipped for the job. Do unusual times call for an ambassador with a little ‘British allure’?Back home, and the Labour government has increased tuition fees for the first time since 2017. With that, and the cut in the winter fuel payment, George says he’s really starting to get on board with the Starmer government…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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall, Rosie Stopher and James ShieldExecutive Producers: 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.

Donald Trump’s return has provoked days of soul searching among Democratic voters. But the pollster with one of the most accurate predictions of the outcome, James Johnson of JL Partners, has asked George Osborne and Ed Balls to shake off the gloom and consider any positives. Is there a silver lining in a second Trump presidency? George has some ideas, while Ed is struggling… Votebeat editorial director Jessica Huseman asks: does the world see the US as an international example of democracy any more? Did it ever? And Susanna Reid from Good Morning Britain has rung in to ask what Trump’s re-election tells us about what voters truly want.Plus: with Kemi Badenoch now leading the Tories, George and Ed answer the question: what does the shadow cabinet …actually do? You could have been listening to this episode of EMQs early and ad-free!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/politicalcurrencyProduction support: Caillin McDaidProducer: Miriam Hall and James ShieldExecutive Producers: 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. Hosted on Acast. See acast.com/privacy for more information.

It’s beginning to sink in: Donald Trump 2.0 is now upon us. George Osborne and Ed Balls think seismic shifts in the global economy could be ahead. Could his aggressive trade policies chip away at the UK’s growth plans?Trump has also claimed he could end the Ukraine war in a day. Does that mean a peace deal – or appeasement? Meanwhile Nigel Farage is offering up his services as a British ambassador to Trumpworld. Would despatching Farage to Mar-a-Lago be a relief for Keir Starmer?And the new Tory leader, Kemi Badenoch, faced her first PMQs this week. Ed and George review her debut performance at the despatch box.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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Mikey NissenbaumProducers: Miriam Hall and James ShieldExecutive Producers: 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.

Donald Trump is set to make his return to the White House after a stunning overnight victory against Kamala Harris in the US election, just as George Osborne and Ed Balls predicted. But was this just a simple case of ‘It’s the economy, stupid!’Ed thinks the Harris loss could be a warning to UK’s Labour party members –  if they don’t get UK living standards up, could they go the way of the Biden Democrats too? George, meanwhile, thinks Trump’s win exposes a fundamental challenge for the Left that it is now too focused on identity politics and not on people's living standards.They also question: will Donald Trump seek vengeance for Labour’s ill-advised involvement in the election? Nigel Farage was the only British politician with a major presence in the US overnight. Does his time at the Trump victory party mean Reform will be getting some help from Trump in years to come? Thanks for listening. 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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer:  Mikey NissenbaumProducers: Miriam Hall Executive Producers: 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.

Rishi Sunak spoke at his last PMQs. But George Osborne reveals why it may not be the last time we see him in No 10... He and Ed Balls discuss whether perceptions of politicians can ever change.Former cabinet member Caroline Spelman asks if a spoiled ballot is a waste of time. And Laura Trevelyan, co-host of the podcast Heirs of Enslavement asks whether countries should apologise for their role in the transatlantic slave trade.Plus - Love the pod? We thought so. Ed and George clarify whether a declaration of love at the top of your question is a prerequisite for getting a spot on the show...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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall and Danny GarlickExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information.

The dust has settled on Rachel Reeves’ budget, and despite a strong performance from the Chancellor, George Osborne and Ed Balls have noticed a few glaring omissions. Child poverty? Didn’t really rate a mention. How about some of the New Labour classics like getting people back to work? Pensioners? Nope. So how did this crucial economic pitch to the nation stack up? Ed and George consider how the fallout might impact Labour all the way to the next election.Meanwhile, the polls are telling us the historic US election is set to be a squeaker, with Kamala Harris and Donald Trump in a dead heat. The betting platforms and markets are telling a different story, however. George has the latest on who the world’s major financiers are expecting to be in the White House come January … And speaking of going to the polls, Japan’s snap election just backfired – did anyone in the UK notice? Ed and George question if we should be paying more attention to this major world economy.Remember, you can catch up on our Budget Hot Take here: tr.ee/pc-liveBecome 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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall and Danny GarlickExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information.

Has Rachel Reeves done enough to get away with announcing £40 billion of new taxes? In a special YouTube LIVE episode, Ed Balls and George Osborne give their immediate reaction to the Chancellor's first budget. Was it “big and bold and historic” or a “cross your fingers and hope for the best" moment?Who wins and loses from the budget? And how big a gamble is it for Labour's fortunes?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/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall and Danny GarlickExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Hosted on Acast. See acast.com/privacy for more information.