Political Currency - podcast cover

Political Currency

Persephonicashows.acast.com

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 [email protected]


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

Can Starmer work with Trump and Le Pen?

T-3 days until polls open and if England’s efforts in the Euros are anything to go by, there’s no predicting what could happen between now and then… at least, that seems to be what Rishi Sunak is hoping. Ed Balls and George Osborne aren’t so sure. As final Party Political Broadcasts go out and an ever-more-desperate message comes from Tory HQ, is it time to call Sunak’s early election a failure? And as electoral activity kicks off in France, and debates begin in the US, what does the Internation...

Jul 02, 202439 minSeason 1Ep. 75

EMQs: Is Rishi California Dreamin’?

Is Rishi Sunak California dreamin’ of a post-PM life? Or are the rolling hills of Yorkshire calling him to stick around? Ed Balls and George Osborne ponder what the Prime Minister will do next if he loses his premiership next week. How can good polling change an election outcome? And what does the cost of living crisis actually mean? Plus, they give their best advice for making it through the election all-nighter. And has anybody seen Ed Miliband? Assistant Producer: Miriam Hall Producer: Rosie ...

Jun 30, 202430 minSeason 1Ep. 74

Is Labour's honeymoon already over?

The final week of election campaigning is here! Keir Starmer hasn't even measured up for curtains in Downing Street yet, but the attention is already turning to the headaches he will face in government. After a wobbly final debate performance against Rishi Sunak, Ed Balls wonders if the Labour leader can ever go for the jugular when it counts. Then there's the markets. Keir Starmer and Rachel Reeves might have high hopes for their policies, but where will the money come from? George Osborne thin...

Jun 27, 20241 hr 1 minSeason 1Ep. 73

ELECTION EXTRA: Farage’s Russian gambit

With the general election in sight, has Nigel Farage made a campaign misstep? His claim that the west provoked the Russian invasion of Ukraine has been met with international indignation – but will it have any on his polling? And as we enter the final 10 days of campaigning, things aren’t looking great over at Conservative HQ – has Rishi Sunak accepted his party’s dismal fate? The Tory leader appears to be switching to a strategy of damage control, but it’s unclear if it will be enough to entice...

Jun 25, 202440 minSeason 1Ep. 72

EMQs: Political porkies and party people

Will shy Tories (or Reform UK-ers) deny Keir Starmer his landslide? If not, who should the Conservatives install as leader to provide stability – perhaps somebody with international and domestic credibility... say ... David Cameron? Plus, does your postal vote count if you die before the big day? And, who would you invite to your ultimate political party? Please make sure you’ve got your karaoke song at the ready. You could have been listening to this episode of EMQs early and ad-free! Become a ...

Jun 23, 202438 minSeason 1Ep. 71

Will Starmer be a one-term wonder?

Keir Starmer looks on track for a victory that could even surpass the landslide of ‘97. But how much is this a rejection of the Tories? George Osborne warns that unless the Labour leader can offer more, he may find himself turfed out after just one term. Ed suggests Starmer and Rachel Reeves should be thinking now about their first year in office, not just making it through the next fortnight. Plus, inflation has hit the Bank of England target of 2%. It should be good news for Rishi Sunak, ...

Jun 20, 20241 hrSeason 1Ep. 70

ELECTION EXTRA: Should Sunak fight dirty?

Can Rishi Sunak do anything to rescue his flailing election campaign? Some advisors have suggested the answer may lie in ramping up negative attacks on Keir Starmer. Why does George Osborne think that approach would be a “disaster” for Sunak? And, have you noticed which MPs are missing from the airwaves? Ed Balls says it tells you more about the parties’ upcoming problems than you might first realise. Plus, Rachel Reeves has been working hard to court British businesses. But will her strategy pa...

Jun 18, 202434 minSeason 1Ep. 69

EMQs: How an ex-PM leaves No. 10

What more can be done to tackle childhood obesity? George Osborne and Ed Balls answer a question from Jamie Oliver on whether a future government could further Wes Streeting’s commitment to banning energy drinks and tackle childhood obesity. Is a protest vote ever worthwhile? And, former Tory MP Margot James asks: where are all the women in the campaigns?   Plus, what is it like to be kicked out of Number 10 at speed? And perhaps more importantly, what are the political souvenirs that ...

Jun 16, 202431 minSeason 1Ep. 68

Labour’s Straitjacket Manifesto

After a rocky moment over his support of Jeremy Corbyn, Keir Starmer was determined to get his campaign back on track with the launch of his manifesto. George Osborne asks what it tells us about a potential incoming Labour government and Ed Balls warns it could be a financial straitjacket, making life for the party ‘very difficult’.  Meanwhile, Rishi Sunak suffered a series of embarrassing media gaffes this week. Has bad polling sealed his fate or can he do anything to turn things around no...

Jun 13, 202457 minSeason 1Ep. 67

ELECTION EXTRA: Manifestos, Macron and Money Problems

Have the wheels well and truly fallen off the Conservative election campaign? After a dismal D-Day debacle and news that social media campaigning is suspended, Ed Balls and George Osborne question whether Rishi Sunak is just giving up. Regardless, it’s manifesto launch week for the Conservatives, Labour and the Lib Dems, and an opportunity for each party to commit to their election promises. But do manifestos actually matter? And what’s going on behind the scenes as they’re finalised? And electi...

Jun 11, 202431 minSeason 1Ep. 66

EMQs: Punches, Paxman, and Parachuted Candidates

Labour and the Tories can’t stop arguing about whether things are getting better, or if they’ve never been worse: So what’s the truth? Ed Balls and George Osborne weigh up whether the two are mutually exclusive. Rob Burley wants to know if we’re seeing the consequences of the demise of the long-form interview in this election campaign, and we take a look at Labour’s candidates.   Plus, in light of Nigel Farage’s milkshake incident, Ed takes us back to another time when a politician had...

Jun 10, 202434 minSeason 1Ep. 65

Tax, Lies and Leaders on Tour

The first election TV debate might be over, but the ripples of Rishi Sunak’s £2000 tax claim are still being felt around Westminster and beyond. Ed Balls and George Osborne wonder whether this could become the defining issue of this election - and question how on earth Keir Starmer was so underprepared for it.  As the party leaders continue on their tours of constituency hotspots, what’s the real story behind their campaigns? Handily, George knows a thing or two, having run an election camp...

Jun 06, 20241 hr 3 minSeason 1Ep. 64

Election Hot Take: Can Sunak save his campaign?

Rishi Sunak is facing dismal polling and Nigel Farage out on manouevers. In our first Election Hot Take, George Osborne reveals the sense of resignation that has set in among Tory MPs. Is the only thing that can save the Tories now a massive policy play? George thinks they may be working something up on inheritance tax. Meanwhile in Labourland, the fall out from the Diane Abbott saga continues. Angela Rayner has stepped in to defend her, opening the door for the long-time Hackney MP to stand aga...

Jun 04, 202424 minSeason 1Ep. 63

EMQs: Paddleboards, power stances and private schools

Gimmicks and gaffes have been a feature of the first week of the election campaign. Inspired by Ed Davey’s attempt to raise awareness of river pollution by falling off a paddleboard – multiple times – George and Ed reflect on the nation’s (and their own) cringiest political stunts. And George  finally  reveals all –  how did he end up doing the ultimate Tory power stance? It’s not just PR moves though, policy debate is in full swing. Ed and George disagree on Labour’s planned tax ...

Jun 03, 202433 minSeason 1Ep. 62

Is Rishi Sunak's election gamble paying off?

After a faltering start in the rain, Rishi Sunak’s campaign seems to be gaining momentum. Is it enough to prove he was right to gamble on a snap election?  While it might not all be plain sailing for the Conservatives, things have certainly been looking up as trouble brews in the Labour Party. Ed Balls thinks Keir Starmer's handling of Diane’s Abbott’s candidacy has been a “terrible mess”. Could it have real ramifications for his hopes at the polls?  But elsewhere George Osborne thinks...

May 30, 202455 minSeason 1Ep. 61

EMQs: Election Questions Special

Ed Balls and George Osborne have election fever and won’t be stopped from answering your EMQs. How did George get the election date so wrong? Is the public too despondent with the state of politics to bother voting at all? And could the Liberal Democrats stun us all to become a credible opposition?  Plus, George reveals what he thinks the Tories’ attack line on Keir Starmer will be, and Ed tries to nail him down on just who the incompetent junior minister in his treasury was… You could have...

May 27, 202430 minSeason 1Ep. 60

Things Can Only Get Worse: Sunak’s Snap Election

A snap election! Not quite George Osborne’s prediction of 14th November, Ed Balls is struggling to understand the logic that led Rishi Sunak to surprise, well, literally everybody with 4th July as the date of the next general election. Are good inflation numbers really enough to see the Conservatives to a better result than the formerly predicted disaster? George reveals Number 10’s thinking.  As the battle is drawn, Ed and George discuss the seats to watch and the issues on the table - and...

May 23, 202456 minSeason 1Ep. 59

EMQs: Truss, treasury officials and techxit?

Why doesn’t Bristol have a mayor anymore? What do treasury officials actually do? And is there a reason we’re losing so many bright young tech experts to the West Coast of America? Plus, author Will Hutton wants to know if Ed Balls and George Osborne will take responsibility for their involvement in the economic crises of the twenty-first century, and in a podcast crossover, Sascha O’Sullivan of POLITICO’s Westminster Insider wants to know if we should be trying to find silver linings in Truss’s...

May 20, 202436 minSeason 1Ep. 58

Protests, Presidents and Politics like it's 97!

Keir Starmer, poster boy. The Labour leader’s new pledge card is here, with six key policies and a black and white photoshoot to woo the public. Is it all a bit retro? Well that depends who you ask: George Osborne would prefer a new approach, whereas Ed Balls reckons some solid Labour '97 nostalgia might just be what the party needs. Meanwhile, Labour’s shadow foreign secretary David Lammy is working hard to get himself out there on the world stage - and back in the good books of a certain forme...

May 16, 202458 minSeason 1Ep. 57

EMQs: Political Book Club

Ed Balls and George Osborne are pleased to have been asked for book recommendations. Is this the start of a book club to compete with the likes of Richard and Judy? If so, George is bagsying his role in the duo now - and no, it’s not Richard.  MP Greg Clark asks about the future of local mayoralties, and Sunday Times interviewer Decca Aitkenhead wants to know whether George is doing anything about his, ahem, selective memory. Plus, what on earth did the Cameron government see in Liz Truss a...

May 13, 202437 minSeason 1Ep. 56

Defections, coalitions and China-UK relations

Rishi Sunak lives to fight another day after some terrible local election results. But as he loses yet another MP to Labour, Ed Balls and George Osborne ask whether it might be time to play a new strategy and try acting the underdog. Meanwhile, whilst Labour had a markedly better weekend, it didn’t quite indicate the 1997-style landslide they might be hoping for in the next general election. Is Keir Starmer on track for a small majority? And if so, how should he manage it? And in foreign affairs...

May 08, 20241 hr 6 minSeason 1Ep. 55

Will local elections bring down Sunak?

It’s polling day. Ed Balls and George Osborne give their expert analysis on the importance of local elections: what contests do you need to look out for? And what do they reveal about Rishi Sunak’s political fortunes? Across the border, the Scottish National Party is in turmoil after First Minister Humza Yousaf resigned. Could this open the door to a Labour resurgence in Scotland? Speaking of, the person hoping to lead that resurgence is Keir Starmer. But how well do we really know the man hopin...

May 02, 20241 hrSeason 1Ep. 54

EMQs: Ed Balls Day

It’s the most auspicious day of the year: Ed Balls Day. To celebrate, George has got his Ed Balls mask out (not a euphemism), and is ready to go Inside the Room. Just kidding. But he has in fact organised some questions from Ed’s nearest and not-so dearest.  Shadow chancellor Rachel Reeves asks about Ed’s favourite Gregg’s order. Bandmate and Political Journalist Robert Peston wants to know why regulation of public services has gone so badly wrong, and Ed’s successor in his Morley and Outwo...

Apr 28, 202439 minSeason 1Ep. 53

Planes, Trains and Nationalism

After two years, Rishi Sunak can finally celebrate a Rwanda victory as his bill passes in parliament - but Ed Balls and George Osborne can’t help noticing it’s been somewhat overshadowed by an announcement on defence spending. Is the government playing with fudged figures? And is it even worthwhile as far as voters are concerned? St George’s Day saw an unexpected new poster boy this week - and no, it’s not George, much to his chagrin. Keir Starmer is embracing his patriotic side. Ed and George w...

Apr 25, 20241 hr 1 minSeason 1Ep. 52

EMQs: Blunders, Bag Carriers and Biden’s Stammer

Is the role of a PPS more than just a ‘bag carrier’ and when has it gone wrong? If Ed and George could have a cardboard cut out of any politician who would it be? And BBC Radio 4’s Amol Rajan asks Ed about Joe Biden’s stammer. Should the American President talk more openly about his speech impediment?  Plus, is the rise of the smartphone to blame for us all being less productive? And should 16 and 17 year olds have been allowed to vote in the Brexit referendum?  Become a member of POLI...

Apr 22, 202438 minSeason 1Ep. 51

Liz Truss for PM?

It should have finally been a bumper week for Rishi Sunak - with inflation down, a win for his smoking ban and with success on his Rwanda legislation within sight. But instead, would-be Tory leaders have been hogging the limelight. Liz Truss is back with a vengeance. Could her ‘Trump-style’ return to form see her reinstated as head of the party? Or is it Kemi Badenoch’s time to shine? Why has her stance on the smoking ban been rubbing her colleagues up the wrong way?  And as we head towards...

Apr 17, 20241 hrSeason 1Ep. 50

EMQs: The Brexit Plots special

Ed Balls and George Osborne were Inside the Room with Michael Gove last week to deep dive into the Brexit plots - and now they’re facing your questions on the moment that changed British politics forever.  What happened to all the voters the EU referendum coaxed out of the woodwork? Are women ignored in the retelling of those tumultuous days of 2016? And what can historical parallels tell us about the inevitability of rejoining? Plus, GB News’ Chris Hope asks why George and David Cameron di...

Apr 15, 202438 minSeason 1Ep. 49

Sexts, Tax and Mar-a-Lago

Another week, another scandal surrounding the Conservatives. But this time of the honey trapping variety. Ed and George discuss the dating app scam that has ensnared at least one MP.  Meanwhile, Labour is having a difficult time stamping out persistent claims the party’s Deputy Leader Angela Rayner dodged tax on a house sale. George says if she stumbles, all the Conservatives want to see her fall. He predicts there will be more to come.  And David Cameron is back on the world stage, me...

Apr 11, 20241 hrSeason 1Ep. 48

Inside The Room: The Brexit Plots (Part 3)

The result is in, and in the words of David Dimbleby, ‘we’re out’. But whilst the Brexit referendum draws a line under the campaign period, it sets the stage for chaos in the lives of our insiders. In this final episode of 'Inside the Room: The Brexit Plots', Ed Balls and George Osborne grill Michael Gove on the Conservative leadership contest that followed David Cameron’s resignation, and what (or who) persuaded him to commit one of the great political betrayals of recent years. Become a member...

Apr 10, 202448 minSeason 1Ep. 47

Inside The Room: The Brexit Plots (Part 2)

As the Leave and Remain campaigns get underway, it seems that the Remain camp has a clear lead. That is, until it doesn’t.  In this second instalment of Inside the Room: The Brexit Plot, Michael Gove, Ed Balls and George Osborne take us behind the scenes of the ever-more-panicked campaign HQs as polling day draws in. Part 3 of 'Inside The Room: The Brexit Plots' is exclusively available to listen to now for subscribers to POLITICAL CURRENCY GOLD 🏅 Become a member of Political Currency Gold...

Apr 08, 202442 minSeason 1Ep. 46