
Political Currency
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. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
Latest episodes

Mar 10, 2025 • 48min
EMQs: A post politics survival guide
This week George Osborne and Ed Balls are taking questions in person, with a select few Kitchen Cabinet members joining the first ever live audience recording of the show. Is Fredreich Merz right to worry that the European Union will face a financial crisis thanks to government debt? Is AI data management the way forward for driving significant savings in both welfare and healthcare? And is Trumpian rhetoric having an adverse effect on centre-right campaigning? Plus, they turn their minds to an area of true expertise: how to manage life after a career in politics. How do you keep bitterness at bay and forge a new, meaningful career? Is a comparison to a retired top-level footballer too much? George doesn’t think so… You could have been listening to this episode of EMQs early and ad-free with a Political Currency Gold subscription! And not only that… you could have been in the room asking a question as a member of Political Currency’s KITCHEN CABINET, along with early and ad-free listening, and exclusive Political Currency merchSubscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon.Technical Producer: Danny PapeProducer: Miriam Hall and Rosie StopherExecutive Producers: Ellie Clifford Political Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Mar 6, 2025 • 58min
Will Rachel Reeves be forced into an emergency budget?
It’s been a week of political whiplash, including that infamous explosive meeting in the Oval office and renewed commitment from European leaders to back Ukraine. George Osborne and Ed Balls consider who - if anyone - has fared well in this wild week. Is Trump himself as the deft negotiator he claims to be?And with a rush to bolster arms on this side of the Atlantic, what is the fallout for Rachel Reeves? As the Spring Statement approaches, what choices does she have to limit the damage that may or may not be forecast by the OBR? And doesn’t this all feel just a little bit like one of those second annual fiscal events she swore she wouldn’t hold?Finally, Ed and George turn to the outcry around the government’s artificial Intelligence and copyright consultation, from artists including Annie Lennox, Damon Abarn and Kate Bush. Is there a way for this government to balance championing and regulating big tech? Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrency. Please note Kitchen Cabinet subscriptions are only available through Patreon.Producers: Miriam Hall and Rosie StopherTechnical Producer: Danny PapeExecutive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Mar 3, 2025 • 47min
EMQs: The art of parliamentary heckling
Baroness Gabby Bertin discusses strategies to ensure important government findings don't fade away, including a call to ban degrading pornography. The dynamics between the Prime Minister and Chancellor are explored, alongside Keir Starmer's unexpected defense announcement. The conversation shifts to the future of heckling in Parliament, questioning its toughness in modern politics. Finally, the hosts reflect on their early political education and what a modern A-Level course should include, weaving humor and personal anecdotes throughout.

8 snips
Feb 27, 2025 • 1h 2min
Europe’s security wake-up call
Keir Starmer meets Donald Trump, sparking discussions on Europe's reliance on US military power. The podcast dives into Starmer's controversial decision to boost defense spending while cutting foreign aid, reshaping Britain's global stance. Tensions surrounding transatlantic relations are at the forefront, especially regarding defense investments amidst economic strain. Additionally, the hosts explore gold's rising significance in politics, triggered by Musk's conspiracy theories and Trump's remarks about US reserves.

30 snips
Feb 24, 2025 • 47min
EMQs: How to survive a cabinet reshuffle
Ex-ministers reflect on their rebellious political moments, discussing the risks of defying party loyalty. They uncover the brutal realities of cabinet reshuffles and reveal who often gets the inside scoop on changes. The conversation shifts to the challenges of foreign aid in a nationalism-driven climate and why it remains essential. Additionally, they address strategic decision-making for critical projects like nuclear power, highlighting the intersection of politics, energy policy, and international relations.

10 snips
Feb 20, 2025 • 1h 3min
Could Keir Starmer send British Troops to Ukraine?
This discussion dives into the ramifications of potentially deploying British troops to Ukraine, weighing national interests and international duties. The chaotic influence of Donald Trump on global politics, especially concerning US-Russia relations, raises questions about alliances. Meanwhile, Canada experiences a political shift with Mark Carney emerging as a contender against conservative leadership. Nostalgic reflections on political careers and memorabilia provide humor amidst serious geopolitical conversations.

8 snips
Feb 17, 2025 • 43min
EMQs: Are personal insults fair in politics?
With a humorous twist, the hosts delve into the contentious role of personal insults in politics. They ponder the potential for a more civil campaign culture in the UK, inspired by German political practices. The infamous bacon sandwich incident sparks a debate about fairness in political attacks. Also discussed are the challenges of modern media interactions and the absurdity of misleading 'gotcha' moments in journalism. Personal experiences highlight the balance between political strategy and genuine leadership in tackling social issues.

14 snips
Feb 12, 2025 • 59min
Can Kemi Badenoch get free of Nigel Farage?
The Assisted Dying bill faces potential collapse as key amendments are proposed, igniting debate among Labour leaders. Kemi Badenoch grapples with her role as opposition leader, trying to escape Nigel Farage's looming presence. Meanwhile, JD Vance attends a global AI summit in Paris, highlighting the UK and US's refusal to sign an international AI declaration. The discussion raises critical questions about the impact of political maneuvering and the challenges of upholding economic credibility in today’s tense political climate.

13 snips
Feb 10, 2025 • 41min
EMQs: Can we get young people back to work?
This week's discussion tackles the pressing issue of youth unemployment, with insights on the economic impact of worklessness. The hosts debate the efficacy of public spending and respective tax reforms. They also explore the Office of Budget Responsibility's role in shaping policies amidst rising demands. Historical examples underline the importance of effective policymaking in crises. Additionally, the conversation highlights how psychology can guide public policy, especially in addressing the societal effects of the pandemic on those re-entering the workforce.

19 snips
Feb 6, 2025 • 60min
Will the Tories fall for Keir Starmers EU trap?
Keir Starmer's recent meetings in Brussels are stirring up discussions about UK-EU relations and potential traps for the Conservatives. The speakers dissect how Trump's unpredictable governance and tariff policies are influencing global markets. They also explore the need for a football regulator in the UK amidst rising tensions in the sport, highlighting the disparities between elite clubs and lower-tier teams. Personal anecdotes and reflections on political strategies add depth to this engaging political conversation.
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