Political Currency

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.uk Find us on social media @polcurrency Political Currency is a Persephonica production. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Episodes

October 3, 2024 55 mins

Keir Starmer has caved and returned thousands of pounds in freebies given to him by a Labour donor, in an attempt to close a rather embarrassing chapter for the government. But has he successfully hosed it down? Ed Balls and George Osborne consider whether it's a textbook case of what not to do when you have a PR snafu on your hands. 


Meanwhile, tensions are escalating in the Middle East. Is there a risk of the conflict int...

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Has the Tory leadership contest just been decided? Our man on the ground George Osborne is reporting directly back to Ed Balls from today’s Conservative Party Conference leadership hustings. Is the crown James Cleverly’s for the taking after a storming speech? 


Plus, George is joined by Tory watchers-extraordinaire, Michael Gove and Danny Finkelstein, for their post-hustings analysis.


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September 29, 2024 34 mins

Ed Balls and George Osborne open up this week on their most ardent, contrarian views. Is reincarnation real? Political reincarnation, perhaps. George shares how his thoughts have moved with the times and how he has reached some fresh conclusions on cannabis   – conclusions with which, it turns out, Ed completely disagrees. 


And, they field questions straight from the Labour party conference. Tips for the new Chief Secr...

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September 26, 2024 63 mins


Who’s hungry enough to seize the Tory crown? As the Conservative Party Conference nears, the leadership contest is heating up. Of the four hopefuls, who will get the backing of the party’s elder statesmen Michael Gove and Boris Johnson? George knows who Boris wants as leader, and that person isn’t currently in the race… 


Labour’s wrapped up its party conference, which was light on announcements and heavy on gloom. Both ...

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Rachel Reeves took to the stage at the Labour Party Conference in a wet and gloomy Liverpool, hoping to brighten her party’s fortunes. After a tumultuous few weeks for the new government with rows over ‘Keir’s gear’, Sue Gray and the Winter Fuel Payment, the new chancellor hoped to prove that after 14 years of the Tories, Labour were all set to deliver a bright new future. But it was a speech that was heavy on rhetoric, light on po...

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September 22, 2024 38 mins

Rachel Reeves takes to the Labour party conference stage today, but hopefully not before she has chance to listen to Ed Balls and George Osborne’s sage advice on how to give a great conference speech. We take a stroll down memory lane and reflect on some of the most rousing speeches in British party conference political history – from the funny to the formative. 


Which MPs have tattoos? Ed and George list out the candidates...

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September 19, 2024 54 mins

As Labour feels the heat over Keir Starmer’s freebies scandal, there's a sense of glee in Tory party circles now the "holier-than-thou" party has something of a mess to clean up. Ed Balls and George Osborne mull how the government can reset their image, especially now the Sue Gray pay row is also threatening to rain on Starmer's conference parade ....


Across the benches they reflect on the celebratory Liberal Democrat conference...

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Are eloquent middle class people hogging valuable public service resources? Ed Balls and George Osborne debate the case for co-payments to ease the burden. How can both Ed and George be correct on their analyses of the 2010 financial situation? And why do politicians continue to trot out their media spin lines when it’s clear to everyone that they’re not answering the question?


Plus, Ed and George share their favourite conferenc...

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September 12, 2024 52 mins

The NHS must “reform or die”, says Prime Minister Keir Starmer. Is he channelling his “inner Tony Blair” in a gutsy move on our health service or is this another policy which will end in controversy, much like the winter fuel allowance or early prison releases? 


Across the pond, the US Presidential TV debate gave Kamala Harris an edge as she took on Donald Trump for the first time. But perhaps even more of a win was Taylor ...

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Booking an appointment with your GP can feel harder than getting your hands on Oasis tickets. So should those who miss their slots be made to pay? Would it create a barrier to entry for vulnerable people in society, or could it open the door to millions more people who are sick of getting stuck in the queue?


Ed and George also bring you inside the world of becoming an MP and they top up their summer reading list with some intern...

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Ed and George are reunited to mull over whether Rachel Reeves should make a U-turn on the winter fuel payment furore. Is there an "escape route" she can take?


And they examine the government’s decision to suspend some arms shipments to Israel. Was it really “a legal decision, not a policy decision”, as the PM has claimed?


Finally, we ask whether central bankers deserve the credit for falling inflation – or if they simply got ...

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Where are all the great parliamentary speakers like Gordon Brown, Robin Cook, and William Hague? Ed Balls and George Osborne reflect on fond memories within the chambers like Cook’s resignation. Will the Tory leadership contest bring in any new contenders?


Plus, what determines seating order in commons? Can live fact checking during PMQs work? What actually is a three line whip? And how risky is it to defy one? 


Please k...

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August 29, 2024 59 mins

The summer holidays are over, if Keir Starmer’s speech this week was anything to go by. Is he stepping into Osbornomics strike two? Whilst Ed Balls is still on holiday, George Osborne is joined by Chief Executive of Labour Together, Jonathan Ashworth, to reveal what’s going on behind the scenes as the government returns to Westminster. 


In a quick turnaround, Starmer was next spotted in Germany, resetting relations in Europ...

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Are the civil service the real brains behind the government? What role does a Chief of Staff play? And what on earth do government ministers do all day?


Ed Balls and George Osborne are tackling your questions on the ins-and-outs of the daily grind of running the country - from official residences to avoiding gimmicks. 


You could have been listening to this episode of EMQs early and ad-free!

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August 22, 2024 60 mins

The Democratic National Convention is underway in Chicago with jubilant scenes. Fortunately for us - while Ed Balls is on holiday - George Osborne has persuaded former shadow Paymaster General Jonathan Ashworth to be Political Currency’s eyes and ears on the ground as Kamala Harris looks to become the Democratic Party’s formal presidential nominee. But are spirits just a little too high for what is shaping up to be a very closely f...

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August 18, 2024 35 mins

Should Labour have defended themselves better against the Tory claim that they’d caused the 2010 UK financial position? Ed Balls and George Osborne go head-to-head on who was to blame, and whether austerity was the answer in this special fiscal policy-themed edition of EMQs. 


It’s not all debate though - Ed and George explain the concept of ‘running out of money’, and how much of a previous government’s economic policy is r...

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It’s results day and while students across the country celebrate their A-levels, BTEC and T-levels, university funding has come back into the limelight. And what’s better than one former education minister? Two! Gillian Keegan is sitting in for George this week, and she and Ed Balls consider the best course of action to make the education sector pay for itself. 


Plus, Gillian makes her case for more business people in ...

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Ed Balls and George Osborne answer questions from the EMQs archive - this week, an insider’s guide to a life political. Is a u-turn ever the right thing to do? How does the Prime Minister know whose question to answer at a press conference? And is it fair to say that all politicians are just in it for themselves? 


Plus, Ed makes his predictions for the next shock-exit politician to follow in his and Michael Portillo’s steps...

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Britain braced itself for widespread rioting and anti-immigration demonstrations, with shops boarding up their storefronts and commuters told to take care on their way home. Instead, a pushback from counter protestors and a heavy police presence largely quelled any violence. Ed Balls and Grant Shapps – who is in the seat for George Osborne – consider how Keir Starmer has handled the situation. Grant gives his honest opinion on how ...

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August 4, 2024 35 mins


Ed and George are going on a summer holiday… and Ed’s GMB co-host Ranvir Singh wonders, if they had to take a trip with a member of the opposition, who would it be? Whoever Ed chooses will have an interesting outfit to look forward to, as he reveals his holiday get-up to a somewhat stunned George. 


We’ve had a question from another member of gazebo man’s family - and this time, his dad wants to know, should Covid busine...

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