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August 7, 2025 58 mins

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 focus on unity, and warning Rachel Reeves about the political cost of trying to rein in spending.


Plus, Ed and George turn to political speechwriting. Who writes the big speeches? What makes them stick? And how do you find the right words for someone else? From Trump rallies to Gordon Brown’s “no time for a novice,” the pair give us a peek inside the craft of effective political communication.


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Credits:

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editors: Maha Albadrawi

Executive Producer: Ellie Clifford


Political Currency is a Persephonica Production and is part of the Acast Creator Network.


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