POLITICAL CURRENCY GOLD

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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.

  1. 6H AGO

    Inside Trump’s Davos Moment

    Fresh off a week of anxiety and uncertainty, George Osborne reports to Ed Balls from Davos to give the inside track on what it was like to see Trump’s address in person and the murmurs from the Alps about what the President really wants. The pair also look at the reactions from Keir Starmer, European allies, and the Mark Carney speech that got everyone talking.  The pair then reflect on Robert Jenrick’s sacking and defection to Reform one week on. Has he truly put national interest above personal interest? Should the two parties come to an agreement to reunite the right of British politics? And could the defection of other Tories such as Andrew Rosindell help Kemi Badenoch change the party for the better? Ed has also been on the European continent this week, visiting Versailles for the annual Franco-British Colloque. He speaks of his insights into growing acceptance of victory for the far-right National Rally in next year’s presidential election, a rumoured Macron return in 2032, and the need, now more than ever, for a stronger relationship across the Channel. 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. Thanks for being a valued member of our Kitchen Cabinet or a Gold subscriber. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug. Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.  Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    58 min
  2. EMQs: Who can solve the business rates debacle?

    3D AGO

    EMQs: Who can solve the business rates debacle?

    Fellow ex-minister Edward Timpson sends in a question this week, asking Ed Balls and George Osborne how they stayed mentally and physically healthy during their time in government. The pair share their guide for what all ministers should do to remain fit in and out of office. Shevaun Haviland, Director General for the British Chambers of Commerce, then asks how the ongoing issues with business rates are solved permanently. George explains why this tax is one that causes issues for every government, and the problems inherent to reforming it.  A listener sends in a question from Tokyo, allowing Ed and George to delve into the decades-long standstill of the Japanese economy and the cult-like following new prime minister Sanae Takaichi has gained.  Finally, George explains why it’s easier to make promises in opposition than stick to them in government, revisiting plans by the Tories to downsize government cars before the coalition, and why it didn’t work out that way. 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.    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, Caitlin Hanrahan & Sam Psyk.  Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    38 min
  3. JAN 15

    Is Robert Jenrick’s defection a threat to Nigel Farage’s leadership?

    The dramatic news of Robert Jenrick’s sacking and rumoured plot to defect to Reform broke mid-record this week, meaning Ed Balls and George Osborne give a live reaction to the news. Has Kemi Badenoch secured her leadership or is this the next Tory psychodrama? And, could Nigel Farage be inviting the biggest threat to his leadership by accepting Jenrick?  The pair look at the ongoing protests in Iran, and Donald Trump’s changing stance on whether American forces will be deployed in the region. They also look at how Labour should respond, and question the silence from certain political voices on the left.  After a roundup of U-turns last week the Labour government has delivered yet another rollback with their mandatory Digital ID cards. Why can’t the government, in Wes Streeting’s words, get it right the first time?  And finally, the ongoing feud between Fed Chair Jerome Powell and Trump turned from a cold war to a hot one last weekend, with a criminal investigation into Powell being launched and the Fed releasing a response. Ed and George examine the possible repercussions of this, and the threats Trump’s demands of the Fed pose.  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.   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, Caitlin Hanrahan & Sam Psyk.  Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    1h 2m
  4. EMQs: What’s your snakiest political move?

    JAN 12

    EMQs: What’s your snakiest political move?

    In the first EMQs of 2026 Ed Balls and George Osborne answer the most important question for any politician: what was your snakiest move? The pair share each of their proudest (and least proud) moments of cunning, as well as some hard-won advice on when being snakey can pay off.  They then turn to a question missed from our last ‘What If’ episode from Australian cabinet member Chris Bowen, who wonders what would happen if John Smith had lived. What would have become of Tony Blair, Gordon Brown, and, most importantly, Ed? George’s old Downing Street colleague Craig Oliver also asks a question concerning the gap between establishment and public opinion on AI which allows George to flex his new OpenAI knowledge. Finally, they answer the question on everyone’s minds: what was their favourite song from the Eras Tour?  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.   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 and Caitlin Hanrahan Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    33 min
  5. JAN 8

    Will pubs be the next big Labour U-turn?

    2026 has begun dramatically, with Donald Trump ordering an attack on Venezuela, plus has had aggressive rhetoric against Greenland and other parts of Latin America. Ed Balls and George Osborne discuss how leaders in Europe should respond. Why has the US set their sights on securing Greenland? Is Keir Starmer’s careful response the right approach? And just how much is Trump being motivated by oil? As Donald Trump sets the tone internationally, Keir Starmer is under pressure to make his latest domestic relaunch cut through. By focusing on the cost of living, can the government tap into one of the British public’s key policy concerns? Or is this mission too broad, and a hostage to fate? Finally, the pair examine whether Labour is becoming the U-turn government… From farmer’s inheritance tax, to a potential U-turn on pubs’ business rates, is it a timely course correction? Or does it give the impression that the government doesn't know what they are doing? 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. 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 and Caitlin Hanrahan Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

    52 min
  6. JAN 5

    What if: Obama versus Trump 2028?

    What if the Brexit vote was flipped? Would George Osborne actually be our… former Prime Minister? And what would have happened during the Covid-19 outbreak in that case? George Osborne and Ed Balls are back with another ‘What if’ episode, thinking about some of the most consequential sliding doors moments in modern politics.  Looking further back, what if it was actually Neil Kinnock who had won the 1992 election? How might Black Wednesday have played out under a Labour government? Finally, they imagine a showdown between Obama and Trump for a third term in 2028. Can Trump really stand constitutionally? Would it be wise for the Democrats to run Obama or is there a better candidate to beat Trump?   Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug. 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. 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.  Credits: Research: Sam Burton Production: Paige Reynolds and Caillin McDaid Video Editor: Avi Asher  Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

    39 min
  7. 12/31/2025

    Bridget Phillipson on the two-child cap, Reform, and the deputy leadership

    Education secretary Bridget Phillipson joins George Osborne on the podcast this week for a special conversation, giving him another sit down with a rising cabinet member after his interview with Wes Streeting in the summer.  The pair talk about the challenges of entering government and whether Labour (or any party) still prioritises education, education, education. They debate the effectiveness of scrapping the two-child benefit cap versus reviving plans like Sure Start, and what to expect from the education department in 2026.  They also talk about Phillipson’s deputy leadership campaign, how she felt about being ‘No. 10’s candidate’, and whether she would contest any future leadership bids… Finally, they turn to the challenge on every Labour MP’s mind: Reform. Phillipson’s Sunderland constituency is at the heart of the Reform challenge to Labour, which means she is acutely aware of the looming threat. How can her party can beat Nigel Farage? Don’t forget to vote for us as the Political Podcast Awards People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/  And 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. Thanks for listening. Subscribe now for ad-free listening and early access. Kitchen Cabinet members also get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug. Sign up today. 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Paige Reynolds and Caillin McDaid Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

    53 min
  8. Christmas EMQs: Who is the ultimate political traitor?

    12/29/2025

    Christmas EMQs: Who is the ultimate political traitor?

    Pop the champagne, Ed and George are feeling Christmassy in the Political Currency studio, answering some very special questions.  Claudia Winkleman asks who the ultimate political traitor is? Who do they pick for 2025… and of all time? Plus, our listeners ask Ed and George about the gifts they have bought for their loved ones - did George ever get David and Sam Cam any wallpaper… and also what books they’d recommend as stocking fillers.  Rob Rinder asks George whether he really thinks he could have done better than Ed on Strictly Come Dancing. And he also asks a more serious question: why do they think anti-semitism has been on the rise? Then, seeing as it’s the season, a listener asks about Ed and George’s favourite Westminster pubs and finally, it’s Ed’s time to shine as a listener asks for his ultimate Christmas recipes. Thank you so much for all your support in 2025. We have loved hearing from you and we can’t wait to hear more of your questions in 2026. Send them to questions@politicalcurrency and make sure to include a voice note of your question. Don’t forget to vote for us as the Political Podcast Awards' People’s Choice of the Year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/    Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Paige Reynolds and Caillin McDaid Video Editor: Avi Asher Executive Producer: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

    40 min
4.2
out of 5
43 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.

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