Political Currency

EMQs: How should PMs behave after they leave No 10?

Apr 14, 2025
The podcast dives into the ramifications of the U.S. potentially defaulting on its debts to China, with stark warnings of economic fallout. It introduces 'patrimonalism,' linking it to Trump's style of governance, and examines how personal loyalties shape political power. By reflecting on the lives and legacies of former British Prime Ministers, the hosts explore who managed to adapt post-office and who didn’t. Humorous anecdotes and real listener stories add a lively touch to the discussion on infrastructure lobbying and political influence.
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ADVICE

Avoid Defaulting on Debt

  • Avoid defaulting on national debt, even to adversaries.
  • It damages credibility and increases future borrowing costs, benefiting no one.
INSIGHT

Trump and Patrimonialism

  • Donald Trump's presidency exhibits patrimonialism, blurring lines between personal and national interests.
  • His reliance on loyalty and personal ties, rather than institutional processes, characterizes this governing style.
ADVICE

Strategic Lobbying

  • Lobbying for government funding requires a strategic approach, focusing on the Treasury and Prime Minister.
  • Frame projects in terms of economic benefits, regional development, and political advantages.
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