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.uk Find us on social media @polcurrency Political Currency is a Persephonica production. Hosted on Acast. See acast.com/privacy for more information.

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  1. 15h ago

    Can Burnham end Britain’s social care crisis?

    Week two of the Andy Burnham premiership has come with a honeymoon and polling bounce. Ed Balls and George Osborne look at how he’s returned to a more collaborative approach with his cabinet, and the comms strategy which has seen pork scratchings become an international talking point. But what bigger political strategy is Burnham building? Despite protestations, is he still weighing up a General Election while his opponents are down? George felt many of Burnham’s initial policies were ‘small beer’ and lacked a big feeling. That wasn't the case this week with massive reforms to education and social care brought forward by the PM. But can they succeed? Both have been issues for successive governments, yet never solved. They caution that social care will be difficult to build without a strong narrative, and true cross-party consensus. Finally, as always, the buck still stops with the US. With new Fed Chair Kevin Warsh announcing no change to interest rates yesterday, it raises the question on how much the cost of living can improve in the US or UK. It also calls into question just what kind of Fed chair Warsh will be. Is he going to be too dovish? Or will he live up to his previous rhetoric? We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Sam Burton & Nasreen Arain Producer: Caillin McDaid  Video Editor: Sam Gruet Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

  2. 4d ago

    EMQs: The reality of reshuffles

    South Yorkshire Mayor Oliver Coppard is our first questioner on this week’s EMQs, asking whether other MPs will follow in Andy Burnham’s footsteps and leave Westminster to become mayors. Ed Balls and George Osborne speak about the career opportunities that could come with these positions and how they can uniquely prepare you for No. 10 more than any cabinet role can. A civil servant then enquires why Burnham’s reshuffle took so long, and what MPs are thinking during the tense hours that follow one. Ed recounts his own anxiety when first entering government, while George explains the complications in moving ministers who are not keen for new jobs and how governments stop the house of cards from toppling.  They also give advice on how to pick the right college at Oxford, recalling their own time at school. The pair then reflect on the behind the scenes debates that led to the vote for equal marriage in 2013, with George venting long held frustrations at some MPs for their opposition...  We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Producer: Caillin McDaid Video Editor: Sam Gruet Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    EMQs: The reality of reshuffles
  3. Jul 23

    Will Burnham’s radical reshuffle work?

    A new dawn has broken, with the Andy Burnham premiership finally beginning. Ed Balls and George Osborne dive deep into the packed first week of PM Burnham, from his first words at Downing Street, to his massive reshuffle, and initial policy announcements. Is he being too ambitious out of the gate? Can he do politics differently? Will this really be a circuit breaker for Britain? The big surprise of Burnham’s cabinet is also the biggest role: Chancellor John Healey. Why did he go for the ex-defence secretary rather than presumed frontrunners Ed Miliband or Shabana Mahmood? Ed and George recall their own memories of Healey to assess whether he will be a creature of the Treasury or make the Treasury his creature. They also speculate whether these initial announcements could lay the groundwork for an Autumn election… Finally, despite the best efforts of the new PM and chancellor, global conflicts will determine what they can do. With the situation in Iran heating up once more, how will Burnham respond to foreign dilemmas? Is appointing Ed Miliband a canny move or will it spark new conflict with the Trump White House?  We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Producer: Caillin McDaid Video Editor: Sam Gruet Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

  4. Jul 20

    EMQs: Why don’t politicians apologise?

    This week, Ed Balls and George Osborne hear from a current and former Member of Parliament. Former Tory minister Greg Clark asks if Andy Burnham’s pledge for ‘devolution in every postcode’ is attainable, while Starmer loyalist John Slinger puts forward his proposals for a ‘youth triple lock’ to improve prospects for young people in the UK. Should there be guarantees on above-inflation maintenance loans and free bus travel? And should there be youth advisors in all government departments? Ed and George praise the initiative behind the idea. The pair also hear from a London cyclist frustrated by a council's ban on Lime bikes, the question is: has some devolution given away too much control? George recalls his approaches to devolution during the coalition government, while Ed evaluates the regulation of e-bike rentals. And lastly, Ed and George explain why politicians resist apologising - citing Nick Clegg’s now infamous apology on student loans as an example. Can senior politicians ever recover from apologising about a decision they have made? We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid & Nasreen Arain Video Editor: Sam Gruet Executive Producer: Ellie Clifford & Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    EMQs: Why don’t politicians apologise?
  5. Jul 16

    How Ann Widdecombe’s killing has reshaped British politics

    The shocking killing of Ann Widdecombe has set a sombre tone in British politics in the last week. Ed Balls and George Osborne delve into the political implications of this tragedy, examining the changing police messaging and debating what the solution for protecting politicians should be. They also share memories of Widdecombe, who they both worked with throughout the years.  ‘The King of North’ (Andy Burnham) is set to enter Downing Street on Monday, after receiving  the backing of over 90% of Labour MPs. But what is he going to do? The unknowns of the incoming Burnham premiership has resulted in breathless speculation hitting a fever pitch. George argues Burnham is focusing too much on the past in his messaging and must look to the future, while Ed cautions that Burnham should not assume he will be popular in the country off the bat.   As Keir Starmer’s time in No. 10 comes to an end, and Rachel Reeves time in No. 11 is likely to follow suit, the pair reflect on their political legacies and obituaries. They deliver a harsh sentence on their reigns, explaining why they were stuck in a doom loop the last two years, and how it speaks to wider problems in Britain in the last 10 years.   We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid & Nasreen Arain Video Editor: Sam Gruet Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

  6. Jul 13

    EMQs: Why no one will end the triple lock

    Hot off Centrist Dad’s sellout show last week, two listeners at the gig have sent in questions.  Our Kitchen Cabinet winner, Douglas Law, asks a question on the mind of every junior Labour MP right now: will Burnham promote them? Ed Balls and George Osborne explain what ministers must do to secure a promotion in government, and what Burnham will look for. Then, they answer a question that has plagued every recent government: can you end the triple lock? Despite its salience amongst some, George argues why it is neither politically or fiscally sensible to do so. Ed more or less agrees, though proposes a possible path to reducing the burden on public finances. Former Olympic gold medalist, and mind behind the Bee Network, Chris Boardman then asks how the work in Manchester and across devolved administrations can be scaled in order to replicate things like the Bee Network. The pair explain why Chris and Andy Burnham’s work was successful, and how cross-party collaboration is key for long-term viability. Finally, they look at the perks received by former PMs. As Keir Starmer becomes the ninth living ex-prime minister, and with Burnham eventually taking it to ten, many wonder if the expense paid to these leaders is becoming too much of a strain. George explains why they were brought in to begin with, and why they can still prove beneficial long after each person has left Downing Street. We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    EMQs: Why no one will end the triple lock
  7. Jul 9

    Is Reform unravelling?

    The Nigel Farage donation scandal reached a breaking point on Tuesday when he took the extreme step of triggering his own by-election. But was this a shrewd move or has it backfired? Ed Balls and George Osborne examine the risks to Reform, how Kemi Badenoch may use it to her advantage, and whether Count Binface could really be Clacton’s next MP.  While some see Farage as future PM, the next man set to lead the country remains Andy Burnham. With nominations opening for Labour leader today, and no other candidate in the race, it’s all set to be a coronation. But is this a good thing? George’s Labour sources have all voiced anxieties about the lack of scrutiny on Burnham, while Ed counters that a heated contest could have boxed in the next Labour leader. And finally, Ed explains his latest Harvard-Kings paper on regional growth, which details where Keir Starmer and Rachel Reeves went wrong and how Andy Burnham can move the country forwards. Last night, he was at a talk discussing the paper with Michael Gove and Angela Rayner, and the former Tory MP made a surprising endorsement for the ex-deputy PM… We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid Video Editor: Louis Norris  Executive Producer: Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

  8. Jul 6

    EMQs: Are holiday taxes a threat to tourism?

    The proposed holiday tax from the King’s speech is a subject of controversy in the hospitality sector, and on this week’s EMQs Ed Balls and George Osborne speak to these concerns. Does this drive away tourism? Or, can they follow in the footsteps of other European cities and help inject funding into these destinations through the extra cashflow? Then, they delve into the lack of employment rights for ministers.  They explain why discrimination laws don’t apply to heads of office and debate the possible route if a minister was harassed at work and wanted to take it further.  A question to Ed takes us back to his trip to the playground with Andy Burnham. One listener asks how might the incoming PM revive New Labour-era play strategies and support for children and families?  Another listener spotted Ed at the opera last week and wonders how politicians can increase support for the arts without perpetuating class divisions or stereotypes.  Finally, the pair are put to a test when a listener sends ChatGPT’s assessment of who would come out on top in a 10-pin bowling game. They debate the outcome, but agree the answer demonstrates the striking advancements in tone and humour of these AI language models.  We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles: 👉 X 👉 Instagram 👉 TikTok Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today: 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid & Nasreen Arain Video Editor: Louis Norris Executive Producer: Ellie Clifford & Henrietta Harrison Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    EMQs: Are holiday taxes a threat to tourism?
4.3
out of 5
48 Ratings

About

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.uk Find us on social media @polcurrency Political Currency is a Persephonica production. Hosted on Acast. See acast.com/privacy for more information.