Political Currency

Donald Trump's wild speech at the UN General Assembly has done more than just cause a diplomatic headache; it's exposed the deep tensions simmering just below the surface of Keir Starmer's government.

His attack on Sadiq Khan saw senior ministers like Wes Streeting and Shabana Mahmood scrambling to respond, raising the question: in a party rife with leadership speculation, is loyalty still the best strategy? With mounting specul...

Richard Curtis, rom-com extraordinaire who put Notting Hill on the map is asking a question this week: he wants to know what areas Ed Balls and George Osborne are seeing progress and hope. Doom, gloom and cynicism are on hold - for a week, at least - for the pair to consider some more optimistic matters. Ed is hopeful about advancements on taking on diseases, while George considers the steps technology has improved people’s lives.

President Donald Trump is in town, so it’s back to Windsor Castle for our Ed Balls! A podcast recording the morning after a lavish state banquet? Not a problem, it’s all par for the course for Ed, who has apparently been catching up on Downton Abbey in preparation. He brought George Osborne up to speed on the events of the evening; who sat where and did he get to say hello to the 47th president? 

It’s hard to believe the US...

What really happens in the frantic first 24 hours of a new government job? This week on Ex-Ministers’ Questions, Ed Balls and George Osborne lift the lid on the art of political survival. From the scramble of last-minute briefings to the insider secrets government drivers know before their ministers do, they swap stories on navigating the chaos of a reshuffle.

Then it’s from the Cabinet Office to the kitchen, as George grills Ed...

Peter Mandelson, the so-called “Prince of Darkness” got sacked this morning, thanks to fresh revelations of his lengthy friendship with sex offender Jeffrey Epstein. Now all eyes are turning to his replacement … Could George Osborne himself be getting the call up for US Ambassador?

He and Ed Balls consider what this sudden, inglorious end for Mandelson’s diplomatic career means for the government. How could this affect the all-i...

How should a politician respond when a voter blames all their problems on immigration? In this week's Ex-Ministers' Questions, Ed Balls and George Osborne offer competing strategies for handling difficult conversations on the doorstep. They also tackle a stark warning from a Gen Z listener: is the political establishment's failure to listen pushing an entire generation of young people towards Nigel Farage?

Then, the pair turn to...

Politics is back with a bang, and so are Ed Balls and George Osborne. As Keir Starmer declares "phase two" of his government, he's immediately engulfed by a scandal that threatens his Deputy Prime Minister, Angela Rayner. In this episode, Ed and George dissect her complicated tax affairs, the accusations of hypocrisy, and the difficult choice facing the Prime Minister: is she too powerful to sack?

Next, they unpack how Nigel Far...

What if the great 'what if' moments of recent British history had turned out differently? Ed Balls and George Osborne dive into the political sliding doors that could have rewritten the last three decades. They debate whether Margaret Thatcher would have won the 1992 election if she hadn't been ousted, and how her legacy would have been transformed.

Ed gives a behind-the-scenes account of the Blair-Brown transition and the so-ca...

Political Currency’s summer specials continue! This week, while Ed Balls is away, George Osborne is joined by one of Labour's longest-serving and most compelling figures, Dame Emily Thornberry.

Thornberry takes George inside the Corbyn-era shadow cabinet and explores the tantalising 'what if' of 2017: what would a Prime Minister Corbyn really have been like, and how would the British state have coped?

From her unique vantage ...

What are the essential skills for a life in politics? In an age of TikTok soundbites, can a single speech in Parliament still change minds and topple a government? Ed Balls and George Osborne dive into the art of political craft, taking questions on the real-world impact of parliamentary debates, the secrets to managing a ministerial diary, and the constant balancing act between cabinet duties and constituency work.

They discuss...

What is it really like to go from nine years in the political wilderness to running one of the most challenging departments in government? For Wes Streeting, Labour's Secretary of State for Health, it's a challenge he has been visibly relishing this past year, after a long, frustrating period fighting from the opposition benches.

With Ed Balls away interrailing, Streeting joins George Osborne to give him a candid inside look at ...

Why do the concerns of young people barely register in political debate? Ed Balls and George Osborne take questions on the widening gap between the careers young people dream of and the jobs actually available, and why debt, unaffordable housing and the loss of defined benefit pensions leave the next generation feeling shortchanged.

They discuss whether the government should take more responsibility for opening up opportunities ...

While George Osborne is away “stirring the pot” (this time with JD Vance),Ed Balls is joined by author and columnist Sarah Vine for a powerfully candid conversation about her explosive memoir, How Not to Be a Political Wife.

Sarah gives the unfiltered story of her marriage and divorce from Michael Gove, revealing how the "toxic culture" of Westminster shattered friendships with the Camerons, took a toll on her mental health, and...

Why haven’t Ed Balls or George Osborne written political memoirs? Broadcaster Iain Dale puts the question to them, asking what’s stopping them, what they’d reveal if they did, and whether political history is incomplete without their accounts.

And another listener digs into a moment of political tension between Ed and Tony Blair over the Euro. Did Steve Richards’s book Turning Points get it right, and what was really said in that me...

Kwasi Kwarteng reflects on what went wrong.

The former Chancellor joins Ed Balls to talk through the decisions behind the Truss mini-budget - from bypassing the OBR to what he now calls its “real intellectual failing.” He explains why the Bank of England’s intervention “killed the government,” and why he believes his sacking was no coincidence.

Kwarteng also looks ahead, urging the Conservative Party and Kemi Badenoch to focu...

The future of a two-state solution between Israel and Palestine comes into question this week, as Ed Balls and George Osborne respond to a listener asking whether Israeli public opinion has shifted irreversibly after the October 7th attacks. Is peace still possible, or has that hope died with the victims?

Another listener shares a devastating story about her mother’s death during the junior doctors' strikes, raising serious ques...

The IMF has upgraded its global growth forecast - so things aren’t quite as bleak as we feared. Still bleak, though.

Ed Balls and George Osborne dig into what the numbers mean for Chancellor Rachel Reeves. With spending cuts ruled out and the Autumn Budget on the horizon, the question looms: can the government afford all it has promised? George thinks Reeves is avoiding the tough calls. Ed believes tax rises may be inevitable, u...

The UK’s high speed railway has been plagued with cost blowouts, delays and scale-backs - so Ed Balls and George Osborne consider: has it all just been a big waste of money? Couldn’t those funds have been put to better use? Perhaps for the NHS, for example?

The pair also consider the concept of age limits on voting. We’ve got a minimum age - recently lowered by Labour to 16 years old - so why not a maximum too? A listener asks: ...

Parliament has broken up for summer, but politics shows no sign of cooling down. Ed Balls and George Osborne run through the latest from every party - the Tories’ frontbench reshuffle, Labour’s mounting tensions over Gaza, Reform’s approach to protests worries -  all while the Greens and Lib Democrats make their moves. What’s really going on as MPs head off for the break?

Meanwhile, the crisis in Gaza is becoming impossible...