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
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.
37 snips
Jul 3, 2025 • 56min
Week from Hell for Reeves and Starmer
This week featured a dramatic moment in PMQs with Chancellor Rachel Reeves in tears, sparking discussions on the Labour government's challenges. The turmoil around welfare reforms led to market instability and concerns over leadership. French President Macron's historic state visit is on the horizon, amidst contrasting issues in Franco-British relations. Anecdotes from state banquets added humor to the political landscape, while reflections on the past year of Starmer's leadership highlighted the ongoing struggle for clear communication and public trust.
6 snips
Jun 30, 2025 • 43min
EMQs: Can the G20 still keep the peace?
Is the G20 still effective in promoting peace, or merely a political show? The hosts discuss global issues like nuclear non-proliferation and trade strategies post-Brexit. They examine the evolving UK trade landscape and the G20's diplomatic role. Cultural pride meets tax challenges, highlighting the nuances of housing policy and public services. AI's integration in the NHS raises questions about balancing innovation with quality care. Engaging the community remains central to shaping governance and improving services.
21 snips
Jun 26, 2025 • 1h 5min
Will the welfare rebellion be the end of Starmer?
Key discussions revolve around the NATO meeting where defense spending was raised, but the spotlight is on Trump being referred to as "Daddy". Back home, Labour faces turmoil with over 120 MPs rebelling against welfare reforms, testing Starmer's leadership. The podcast also tackles the ambiguous stance on U.S. military actions in Iran and the implications for international relations. Additionally, tensions flare over the exclusion of Irish rap group Kneecap from Glastonbury, hinting at a brewing culture war.
8 snips
Jun 23, 2025 • 50min
EMQs: Is politics worth the family sacrifice?
What do personal sacrifices in politics mean for family life? Ed Balls and George Osborne tackle this dilemma, inspired by a listener's question about the long-term effects of political careers. They reflect on David Cameron's resignation and its impact, while also exploring the troubled legacy of the Mull of Kintyre Chinook crash and the secrets surrounding it. Plus, a spirited discussion on the role of AI in the economy uncovers its potential to reshape work and creativity. Light-hearted anecdotes and culinary confessions keep the tone engaging!
