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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.


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Political Currency is a Persephonica production.

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Episodes

How Labour made a political scandal worse

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 intensifying, or is the situation under control? And what does it mean ...

Oct 03, 202455 minSeason 1Ep. 105

HOT TAKE: James Cleverly: Next Tory leader?

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. Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our ep...

Oct 02, 202440 minSeason 1Ep. 104

EMQs: What’s your unpopular opinion?

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 Secretary to the Treasury Darren Jones? Ed and George are happy to oblig...

Sep 30, 202434 minSeason 1Ep. 103

Which Tory will get the Boris blessing?

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 George Osborne and Ed Balls are wondering why so sad? A trip to the UN s...

Sep 26, 20241 hr 3 minSeason 1Ep. 102

CONFERENCE HOT TAKE: Protestors disrupt Rachel Reeves’ speech

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 policy and disrupted by a pro-Palestine protestor.  Has she do...

Sep 23, 202435 minSeason 1Ep. 101

EMQs: How to give a GREAT conference speech

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 most likely, bu have either of them got a decorative dolphin or but...

Sep 22, 202438 minSeason 1Ep. 100

Starmer’s big Sue Gray problem

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 and whether the party has finally gotten over Nick Clegg. Could the...

Sep 19, 202454 minSeason 1Ep. 99

EMQs: Media spin, middle classes and memories of conferences past

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 conference memories as party conferences get underway.  You could have b...

Sep 16, 202429 minSeason 1Ep. 98

Can Starmer really fix the NHS?

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 Swift’s endorsement, which soon followed. But do celebrity supporter...

Sep 12, 202452 minSeason 1Ep. 97

EMQs: Should you pay if you miss an NHS appointment?

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 international big-hitters.  Plus - now back from holiday - Ed reveals...

Sep 09, 202436 minSeason 1Ep. 96

Will Rachel Reeves be forced to U-turn on winter fuel payments?

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 lucky. And Ed and George issue a mea culpa for some slightly inaccurate...

Sep 05, 202451 minSeason 1Ep. 95

Summer EMQs: Where are all the great parliamentary orators?

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 keep sending us your questions to [email protected] You ...

Sep 02, 202431 minSeason 1Ep. 94

Osbornomics, Oasis, and Opposition

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 Europe. Is there merit to seeking bilateral relations with EU countries? ...

Aug 29, 20241 hrSeason 1Ep. 93

Summer EMQs: Who really runs the country?

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! Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all ...

Aug 26, 202432 minSeason 1Ep. 92

Are the Democrats celebrating too soon?

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 fought race? And have the Dems been taking notes from the Labour p...

Aug 22, 20241 hr 1 minSeason 1Ep. 91

Summer EMQs: Was Austerity a Mistake?

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 required to make its way into a new term.  Please keep sending u...

Aug 19, 202436 minSeason 1Ep. 90

The secret to launching a political career

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 Parliament. Would they really drive more growth than career politici...

Aug 15, 202458 minSeason 1Ep. 89

Summer EMQs: The Political Currency constituency

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 as a media personality, and we ponder what our Political Currency c...

Aug 12, 202427 minSeason 1Ep. 88

Should the Tories stop chasing Reform voters?

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 all his previous leaders handled their own crises – from the best...

Aug 08, 202459 minSeason 1Ep. 87

EMQs: Summer Recess Buddies

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 business loans be written off? Ed and George also tackle food VAT, Rishi Sunak...

Aug 05, 202436 minSeason 1Ep. 86

Rachel Reeves: The next austerity chancellor?

In the wake of the tragic events this week in Southport, and the eruption of riots that followed, Ed Balls and George Osborne consider how MPs should confront violence and disinformation – all while keeping to the rules. George wonders if courts should update reporting restrictions in a social media age, while Ed cautions that no politician ever wants to jeopardise a criminal trial. George is clear on one thing, though – the political establishment needs to take a firmer hand in dealing with Nig...

Aug 01, 202457 minSeason 1Ep. 85

EMQs: Celebs go politicking

Could we see celebrities swapping the silver screen, football pitch or concert stage for the hallowed halls of Westminster? Ed Balls and George Osborne recall stars who have previously made the switch – does anybody ever really pull it off? And, our hosts have got Paris 2024 fever as they look back on their favourite Olympic moments from London 2012. As athletes prepare to compete on the world stage, what are the best lessons or policies the UK has learnt from overseas?  Plus, will inflatio...

Jul 29, 202432 minSeason 1Ep. 84

Starmer, Strictly and Summer of Brat

The world is braced for a brat summer as Kamala Harris steps in for Joe Biden as the Democratic presidential candidate - George Osborne and Ed Balls consider whether the fevered KHive reaction spells success, or simply masks the very real challenge ahead.  In Labour land, Rachel Reeves is preparing her statement on the fiscal reality the government faces, all in the shadow of seven Labour MPs losing the whip over George’s two-child benefit cap. Was Keir Starmer right to cast off the rebels?...

Jul 24, 202458 minSeason 1Ep. 83

EMQs: Are you ready for ID cards?

How important is it to have a leader who ‘turns you on”? Are ID cards essential in a new world of AI and deep fakes, or are they a waste of government time and money? And should you be made to vote? Plus, if you’ve got a speech to deliver in the near future, Ed Balls and George Osborne give their best guide to public speaking. You’re welcome. You could have been listening to this episode of EMQs early and ad-free! Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-fre...

Jul 22, 202437 minSeason 1Ep. 82

Meet JD Vance, Trump’s VP and George Osborne’s friend

It was a bonkers week for American politics, on both sides. Team Trump went from an assassination attempt in Pennsylvania to a fiery convention in Wisconsin. Biden’s camp had NATO, fresh calls for him to drop out of the race and a Covid diagnosis to round it off, all in a matter of days. And amongst it all, a fresh political operative came into the limelight: Donald Trump’s newly-named running mate JD Vance. Turns out, he’s an old friend of George’s and a long-time fan of the former Cameron-Osbo...

Jul 18, 202454 minSeason 1Ep. 81

EMQs: Political Football

As England heads to the final of Euro 2024 - are the politicians who claim to love the beautiful game faking it for political gain? We’ve seen Keir Starmer’s new ministerial appointments - but what on earth do all these snappily named secretaries, under-secretaries, and private secretaries actually do? If there’s one thing Ed Balls and George Osborne love, it’s a deep dive into the inner workings of government, so politics nerds: Roll up, roll up.  And how can voters gauge whether their new...

Jul 15, 202430 minSeason 1Ep. 80

Inside the race to lead the Tory party

While Keir Starmer gets on with the business of naming ministers and settling in at Number 10, the Tories are picking up the pieces of their shattered party and considering the best person to turn the ship around. So who is the new Rishi? Is it Kemi, Suella, Priti? Whoever gets the top job needs to be a healer, George says, and not a warrior.  Meanwhile, winning a campaign is one thing, staying in government is another. Ed and George think Labour is in danger of lurching into technocrat ter...

Jul 11, 20241 hr 2 minSeason 1Ep. 79

Will Starmer’s 'GOAT' cabinet succeed?

A brand new cohort of MPs have descended on Westminster today and with them comes a flurry of policy announcements. What does Keir Starmer’s cabinet say about the kind of Prime Minister he wants to be? And might he regret some of the very ambitious changes his ministers are making? The last Labour government was defined by foreign policy. So what are the big forces which could shape the future of Keir Starmer’s government? Ed and George talk about the shock result in France, as well as Starmer’s...

Jul 08, 202444 minSeason 1Ep. 78

Inside Starmer’s No. 10

A new dawn, a new day, and a new government. Not quite Blair ‘97, Ed Balls and George give us the inside track on exactly how things are playing out inside No. 10 Downing Street right now. From cabinet appointments to civil servants, this is the guide you need.   But Keir Starmer’s landslide is just one half of the story today - the Tory and SNP downfall and the rise of Reform tell their own tales. Ed and George share their most standout moments of the past 24 hours and give their take...

Jul 05, 202445 minSeason 1Ep. 77

What REALLY happens on polling day?

They think it’s all over… it is now! No really, that’s the actual line from the Conservative party as they send out the hardest worker of this campaign, Mel Stride, to concede a full 24 hours before voters go to the polls. Ed Balls and George Osborne question whether the move will just serve to put even more potential Tory voters off. The winner might be considered a foregone conclusion at this stage - but the details are far from it, and Ed’s been swotting up on the ones to watch for early indi...

Jul 03, 202450 minSeason 1Ep. 76