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.ukFind us on social media @polcurrencyPolitical Currency is a Persephonica production. Hosted on Acast. See acast.com/privacy for more information.
Episodes
Mentioned books
4 snips
Aug 7, 2025 • 58min
Kwasi Kwarteng on the Liz Truss meltdown, getting sacked and Kemi Badenoch’s future
Kwasi Kwarteng, the former Chancellor of the Exchequer under Liz Truss, shares candid insights about the disastrous mini-budget and his unexpected sacking. He discusses the Bank of England’s critical intervention and calls for unity within the Conservative Party. Kwarteng emphasizes lessons learned from political setbacks while also reminiscing about the art of speechwriting. He reflects on the importance of effective communication in politics, showcasing how memorable speeches have the power to shape political narratives.
9 snips
Aug 4, 2025 • 48min
EMQs: Is a two-state solution still possible?
The possibilities of a two-state solution between Israel and Palestine are dissected, raising unsettling questions about public opinion post-conflict. A listener's personal tragedy during healthcare strikes sheds light on the debate over end-of-life care in the UK. Insights into political accountability and the ongoing impacts of junior doctor negotiations highlight the intricate ties between healthcare and politics. Plus, a fascinating look into the experiences of cabin crew with politicians offers a unique glimpse into life at 30,000 feet.
28 snips
Jul 31, 2025 • 1h 7min
Could the UK spiral into a ‘debt doom loop’?
The IMF's optimistic global growth forecast raises questions about the UK's fiscal future. Ed Balls and George Osborne debate potential tax hikes as spending cuts are deemed unlikely. Keir Starmer’s recent commitment to recognize the Palestinian state signals a shift in diplomatic relations with the US. Meanwhile, the impact of Brexit continues to haunt the UK economy, with rising national debt and stagnating growth presenting tough challenges. Lastly, communication strategy changes in Downing Street add another layer of complexity to navigating these political waters.
Jul 28, 2025 • 36min
EMQs: Was HS2 a complete waste of money?
The discussion kicks off with a critical look at the HS2 railway project, questioning if its massive costs were justified or if the money could have been better spent. Age limits on voting are debated, raising the question of whether those over 70 should influence decisions like Brexit while younger voters remain voiceless. The speakers also share hilarious heckling moments from political history, showcasing the blend of humor and tension in politics. Expect sharp insights and some laughter as they navigate these pressing issues.
9 snips
Jul 24, 2025 • 1h 6min
Is Labour reaching a breaking point on Palestine?
As summer recess approaches, tensions are rising within Labour over Gaza, putting Starmer under intense pressure. Ed and George unpack the shifting political dynamics in the UK, discussing the implications of recent party reshuffles and the influence of protests. They also delve into the complexities of Trump's upcoming UK visit, contemplating the potential fallout for trade and Middle Eastern diplomacy. With increasing polarization on the left, the deepening crisis in Gaza becomes a defining issue, forcing political leaders to navigate a volatile landscape.
9 snips
Jul 21, 2025 • 48min
EMQs: Can we really fund everything in the NHS?
The hosts dive into the tough debate on NHS funding amidst rising public expectations and medical innovations. They reflect on how life after politics shapes their views, questioning if they’d govern differently. A humorous tale involving political leaders in a lift adds levity as they discuss accountability during crises, especially when politicians are on holiday. Additionally, they explore the role of literature in politics, pondering the value of self-help books and classic political texts in understanding leadership.
4 snips
Jul 17, 2025 • 59min
Could the Epstein files cost Trump his MAGA base?
Donald Trump is puzzled why the Epstein files still matter, especially with their delayed release. As MAGA supporters express their discontent, could this controversy challenge his base loyalty? Meanwhile, the UK faces questions about its financial innovation, with experts warning against falling behind in the crypto race. On the security front, the recent nuclear pact with France could reshape British-French relations, signaling new dynamics in European defense. Lastly, the intersection of conspiracy culture and Trump adds an intriguing twist to his political landscape.
10 snips
Jul 14, 2025 • 39min
EMQs: Is Labour the new party of the monarchy?
The discussion dives into whether the Labour Party might be embracing royalist sentiments, challenging conventional ideas about political loyalty to the monarchy. Ed and George contemplate the survival strategies for the Conservative Party, pondering if they can reclaim a diverse voter base. They also share amusing tales from iconic parties, including a memorable Oscars after-party. The engaging banter mixes political analysis with lighthearted cricket commentary and personal anecdotes, creating a lively atmosphere.
11 snips
Jul 10, 2025 • 60min
Can the UK-France deal solve the migrant crisis?
Emmanuel Macron's visit to the UK sparked discussions on the complex UK-France relationship, especially regarding migration policies. The speakers delve into whether this gesture represents genuine cooperation or mere political theatrics. Additionally, with the UK facing fiscal pressures, the possibility of a wealth tax is hotly debated. On the political landscape, new movements are emerging, with figures like Jeremy Corbyn and Elon Musk hinting at personal-driven politics. Are we witnessing a shift towards DIY political engagement?
16 snips
Jul 7, 2025 • 38min
EMQs: Our Keir Year, modern Machiavellis and fairness in politics
This discussion dives into the philosophical complexities of fairness in tax and welfare, highlighting middle-class struggles. There's a candid look at Keir Starmer's tenure, with listeners grappling with his leadership and core beliefs. The conversation shifts to the influence of academic economists in government roles, questioning the UK's approach. In a twist, they explore the Machiavellian traits of recent politicians, subtly suggesting tactical moves behind the scenes. Finally, the importance of honest advisors versus Machiavellian politics is underscored.
