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. EMQs: Is Makerfield the UK’s presidential election?

    2d ago

    EMQs: Is Makerfield the UK’s presidential election?

    Was George Osborne about to abandon David Cameron in the 2005 Tory leadership race? That’s the first question on this week’s EMQs, where George recounts the mistakes made by the David Davis campaign that allowed Cameron to ascend.  Ed Balls shares similar mistakes of David Miliband’s 2010 campaign, and the pair offer their own advice to all backbench MPs assessing the current Labour leadership contest. Then they turn to the man who may win said contest: Andy Burnham. They ponder if Makerfield is the closest thing the UK has seen to a presidential election, with the voters knowing they may well elect our next PM. From one political giant to another they then debate why the £5M donation to Nigel Farage hasn’t blown up, and how he could end up on the path of Boris Johnson should this go poorly for him. Finally, George unveils an underdiscussed power of the chancellor that could see the government expel any of their political rivals. They also get into religion and culture… 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: Avi Asher 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.

    45 min
  2. 5d ago

    Is Tony Blair the Logan Roy of Britain?

    The battle for Makerfield is on, so this week Ed Balls and George Osborne dig into this consequential by-election’s frontrunners. Andy Burnham is radical in tone, but are his policies more conservative when you dig in? Reform’s Robert Kenyon has lost his shine as sexist and remain leaning views have been dug up but a spokesperson for the party said they "fully back" him and added that the "comments were made before he was in politics".  The fringe right party Restore has picked up momentum, will this damage Nigel Farage’s grip on the right of British politics? Tony Blair’s scathing essay on the state of British politics has ignited a new debate in the Labour leadership dilemma, but is this the argument for the moment? Ed agrees with the diagnosis, but thinks Blair is stuck in 2006 and not meeting the moment for 2026. George argues the case for Blair, citing the inability of governments to tackle the major issues he highlights. Finally, the pair zero in on one issue that may define a Burnham premiership: social care. As health secretary Burnham tried to forge a national care service, but 16 years on no progress has been made in this area. Why are successive governments stunted on this? Are unwanted tax rises the only solution? Could this be the issue that undoes the King of the North should he make it to 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 & Nasreen Arain Video Editor: Avi Asher 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.

    1h 20m
  3. EMQs: Should retired politicians go on Question Time?

    May 25

    EMQs: Should retired politicians go on Question Time?

    Following Green MP Hannah Spencer’s comments on drinking culture at Westminster, Ed Balls and George Osborne answer whether MPs should be better behaved in general during Parliamentary sessions. They make the case for heckling and jeering, comparing it to more civilised Parliaments and systems to explain how it helps hold our leaders accountable.  They then reflect on their experience on Question Time, and whether they would follow Michael Gove’s move and go on as retired politicians. This sparks a trip down memory lane, and there may be more to come in the summer… Things get serious with a listener posing Adam Tooze’s argument that the Bank of England is instilling fear in governments following the Truss fiasco. They explain their objections to this, and explain how the Bank of England has kept things in check for Britain, particularly post-2008. Finally, they answer the ultimate question: are Centrist Dad playing the Trinity College Oxford ball? Ed reveals the process behind the band’s booking, and they recount the bands that played their own balls. George also recounts his encounter with a literary legend that he’d really rather forget… 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: Avi Asher 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.

    38 min
  4. May 21

    Burnham, Streeting, and Rayner’s race to No. 10

    British politics has moved at a rapid pace the last week, with Andy Burnham securing his root to parliament, Wes Streeting reigniting Brexit debates, and a defiant No. 10 fighting on through all of it. Ed Balls and George Osborne examine the leadership race, the manoeuvres being made by Streeting to court the Labour faithful and how Burnham is having to campaign on two fronts. Why is the cabinet silent? Is Starmer right to cling on? Will the King of the North be coronated should he return to parliament? What if he loses?  The pair then examine the economic prospectus of both Burnham and Streeting, contrasting it with the cost of living support announced by Rachel Reeves today. They detail the limitations of any government to combat inflation, the holes in plans both contenders have spoken of and the risk a governing party faces openly debating policy like this. Finally, they take a trip across the Atlantic to California and the final stages of the gubernatorial primary. George’s mate Steve Hilton has maintained his frontrunner status amidst a split Democratic field, but can he actually win come November? The odds are stacked against him, but Ed and George caution not to count him out. 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: 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.

    1h 5m
  5. EMQs: Should we vote on weekends?

    May 18

    EMQs: Should we vote on weekends?

    Last week’s local elections saw votes counted during the Friday to save costs, and inspired one listener to ask Ed Balls and George Osborne why that isn’t always the case. He also wondered why we don’t vote at weekends like other European countries. The pair explain the historical roots of the tradition and the benefits of weekday votes and overnight counts for general elections.  Plus they recall their own experiences as commentators during the last 3 elections.  They then address the divisive policies and language seen in the Greens and Reform campaigns, and whether this is a sign of the centre losing ground or an opportunity to seize. They also take a question from an Australian listener, who wonders if we’re moving too fast in the energy transition. Finally, a listener returns to the assisted dying debate from a few weeks ago and proposes their own case for the legislation. We also hear the pair debating the possibility of immortality… 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: Avi Asher 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.

    32 min
  6. May 14

    Who should be the next prime minister?

    Wes Streeting’s resignation is the latest domino to fall amid the threat to Keir Starmer’s premiership, in a chain reaction that could lead to months of chaos. Ed Balls and George Osborne evaluate where the government and Keir Starmer can go from here. Should he resign? And how would Andy Burnham, Angela Rayner, Ed Miliband, and the wildcard option of Al Carns, fare against him in a leadership contest?  News of Streeting’s departure came between our live YouTube stream and recording of this episode – so listen for Ed and George’s instant reaction. Fresh from a trip to Canada, George suggests the success of Mark Carney, or Australia’s Albert Albanese, could be a template used as a template for a Labour government to rebound, regardless of leader. Does it show Labour needs to take a bolder stance on issues like fossil fuels and immigration?  And finally, as President Trump continues his consequential trip to Beijing, the pair assess how the China-US relations could be vital for Trump in this year’s mid-terms. Does Trump need Xi more than he needs him? And are the two countries inseparable no matter the strength of their relationship?  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: Avi Asher & Oliver Geraghty  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.

    1h 9m
  7. HOT TAKE: Is it over for Starmer?

    May 11

    HOT TAKE: Is it over for Starmer?

    The fallout of the local elections was as many had predicted, but the chaotic aftermath demanded a reaction. Ed Balls and George Osborne went live on YouTube earlier today to give their thoughts on just how bad things are for Keir Starmer. They reflect on the heavy defeat Labour suffered on Thursday, and the prime minister’s fightback. Why did he bring back Gordon Brown and Harriet Harman? Why did he stake things on today’s speech with a King’s Speech in only two days? The biggest question mark of all though, is Catherine West. The little known MP created an earthquake over the weekend by announcing she would challenge the PM if no one else would. She has now pivoted to calling for a timetable, but still has damaged Starmer, and placed all eyes on what Andy Burnham, Wes Streeting, and Angela Rayner do next… 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: Oliver Geraghty and Ryan Finnigan 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.

    37 min
  8. EMQs: Is politics like snooker?

    May 11

    EMQs: Is politics like snooker?

    Fresh off his trip to the Crucible to see the snooker, Ed Balls brings a question for him and George Osborne to answer on just how similar politics and snooker are. Is it all about the long game? Or do you take the risky shot when the opportunity arises? Are the two even similar? And do Ed and George know enough about the sport to say for certain? Sunday Times columnist Charlotte Ivers then asks whether politicians are just copying TV shows like The Thick of It and The West Wing in their communications. George explains the truth in this, while Ed argues The West Wing displays an idealised version of politics and that the script writers often draw from the real life drama in politics.  Former Tory Chairman Andrew Feldman and one of our listeners then ask a pair of questions related to the public acceptance of AI, with our own guru George explaining how companies can sell the public on the benefits of AI and bust some of the myths around job losses caused by AI. Finally, Ed and George answer the biggest question of all: do podcasts like this one influence voters? They explain how it’s been seen to happen already in the US, what things might look like in the next general election, and even manage to discuss Celebrity Traitors… 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: Carla Mercer & Ryan Finnigan 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.

    49 min
4.2
out of 5
46 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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