Political Currency

EMQs: Would you serve in your political rival’s cabinet?

8 snips
Oct 20, 2025
This discussion dives into whether Ed Balls could ever join the Tories and if George Osborne would consider Labour. The hosts reflect on a recent reunion with Nick Clegg and debate the merits of a multi-party political landscape in the UK. They tackle provocative questions about switching party loyalty and explore the impact of stamp duty cuts on the housing crisis. Plus, a challenge from the National Farmers' Union brings attention to the controversial 'family farm tax' and the perceived disconnect in the Treasury.
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ANECDOTE

Putney Takeaway And A Furtive Cigarette

  • George Osborne recalled sharing a takeaway dinner and a furtive cigarette with Nick Clegg in Putney during coalition times.
  • The story illustrates the awkward personal dynamics between coalition partners despite professional cooperation.
INSIGHT

Coalition Discipline Can Deliver Reforms

  • George Osborne argued that coalition government forced clear, pre-agreed policy through a coalition agreement which can deliver substantive reforms.
  • He still prefers the British single-winner system for decisive agency despite some merits of consensual coalition politics.
INSIGHT

UK Culture Resists Continental-Style Coalitions

  • Ed Balls argued British political culture resists open inter-party coalition bargaining because voters expect manifesto promises to be honoured.
  • He thinks a multi-party, continental-style coalition system would be less stable and less compatible with UK traditions.
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