How do you position yourself on the world stage? David Cameron might have been Prime Minister of the United Kingdom, but in this third episode he shares with Ed Balls and George Osborne the true reality of leading a small country in a big world. British soldiers in Afghanistan; Relations with China; The beginnings of a rupture in the UK-EU relationship. And he shares the more personal moments - like losing a parent - that still happen in the life of a human being who happens to be Prime Minister...
Jan 06, 2025•49 min•Season 1Ep. 136
How do you prepare the country for austerity? David Cameron joins Ed Balls and George Osborne to step back to the 2010 budget. From the true relationship between a Prime Minister and his Chancellor, to the careful decisions on departmental spending, to the very difficult task of selling cuts to a country that doesn’t want them, this is the reality of a Prime Minister before a government-defining fiscal event. As Keir Starmer marks six months as Prime Minister, Political Currency is stepping back...
Jan 02, 2025•39 min•Season 1Ep. 135
What’s it really like to step through the black door of No 10 for the first time as Prime Minister? Ed Balls and George Osborne ask David Cameron about his “out-of-body” experience on the way to the palace, plus what it’s like organising a staff team who have just had to say goodbye to a government. They discuss how to handle the top job when life starts relentlessly throwing events at you, the surprising tasks - like letters of last resort - that suddenly become your responsibility, and whether...
Dec 30, 2024•40 min•Season 1Ep. 134
This Boxing Day, George Osborne and Ed Balls pop the champagne and turn their minds to the year ahead. Good Morning Britain's Kate Garraway asks: What could Labour achieve in 2025 that would earn it Ed and George’s seal of approval? And what are they personally looking forward to in the coming year? Meanwhile, Conservative Member of Parliament Laura Trott, Shadow Education Secretary, has rung in to ask for advice on getting the issue of improving schools on the radar. And have Ed and...
Dec 26, 2024•38 min•Season 1Ep. 133
Christmas is just days away now, so Ed Balls and George Osborne are getting into the season by reflecting on Christmas-time political emergencies that have interrupted the festivities over the years. Meanwhile, Claudia Winkleman makes a guest appearance to ask the pair to weigh in on important matters: Should one read the joke first or place the crown after pulling a Christmas cracker? She also asks – mince pies or ice cream? And, of course, traitor or faithful? The pair also conside...
Dec 23, 2024•24 min•Season 1Ep. 132
David Cameron is revealed as our very special guest on Inside No 10: David Cameron - The First Six Months, out 30th December. Follow us wherever you get your podcasts to make sure you don’t miss this incredible conversation about what it really takes to run the government. 📺: Watch the trailer now! Plus: An alleged spy scandal that reportedly ensnared Prince Andrew has Ed Balls and George Osborne asking: is it as bad as it looks? Isn’t spying – which the Chinese national in question stron...
Dec 19, 2024•58 min•Season 1Ep. 131
This week, George Osborne and Ed Balls consider: should economic decisions be confined to the Treasury and the Prime Minister? Or is the room for wider cabinet discussion? Meanwhile, Lyanne Nicholl, the CEO of 50:50 Parliament – an organisation dedicated to driving more female representation in government – asks Ed and George to share their most positive words of wisdom for someone weighing a career in politics. The pair reveal the women they’ve encouraged to go into the government game, a...
Dec 16, 2024•34 min•Season 1Ep. 130
Keir Starmer is working hard to shift the narrative on his government from gloomy tax raiders to optimistic change makers. Ed Balls and George Osborne asses whether he’s leaning too hard into blame. Does he need to stop the finger pointing and get on and deliver? Bashar al-Assad’s regime in Syria collapsed this week — a sudden, stunning end to the Assad family’s five-decade reign. Ed and George reflect on the Syrian civil war and its impact on their time in politics. What is going on in Downing ...
Dec 12, 2024•54 min•Season 1Ep. 129
Who are the individuals who’ve influenced elections in the same way as Elon Musk? Ed Balls and George Osborne run through some of the great drivers of political results over the years - from people on the street to press barons. Plus, with our Inside The Room miniseries with Nicola Sturgeon now wrapped up, George and Ed take listener questions on the matter of the 2014 referendum and the ongoing, simmering tensions around Scottish independence. Would England be economically better off with...
Dec 09, 2024•34 min•Season 1Ep. 128
After helping to secure a victory for Donald Trump in the US election Elon Musk is seemingly setting his sights on the UK and Reform. Ed Balls and George Osborne take stock of whether Keir Starmer and Kemi Badenoch should be worried. Is this another sign of the end of the two-party system? The historic vote on assisted dying last week has brought a whole new set of questions and challenges for the government. How Labour will balance its plans for the NHS with this potential landmark legislation?...
Dec 04, 2024•1 hr 3 min•Season 1Ep. 127
A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a...
Dec 03, 2024•34 min•Season 1Ep. 124
A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a...
Dec 02, 2024•30 min•Season 1Ep. 123
Joe Biden's White House days are numbered, and he appears to be scrambling to secure his legacy. With a ceasefire just brokered between Israel and Lebanon, George Osborne and Ed Balls ask: What kind of influence is the returning President Trump already having on foreign policy? How is the transition really working? And what does this mean for the conflict in Ukraine? Is the Trump effect forcing world leaders to harden up and have a real, public conversation about a peace deal? Back home, ...
Nov 28, 2024•59 min•Season 1Ep. 125
A decade ago, the Scottish people went to the polls for a referendum vote to make a choice: should the country break free of the United Kingdom? Ultimately, they voted to stay by a resounding margin – crushing the hopes of the Scottish National Party and soothing the fears of the British government of the day. But the issue of Independence continues to divide, and in this special miniseries, George Osborne and Ed Balls are joined by the former First Minister of Scotland Nicola Sturgeon to take a...
Nov 25, 2024•33 min•Season 1Ep. 122
Former deputy prime minister John Prescott died yesterday at the age of 86. Often described as a ‘political bruiser’, Ed Balls and George Osborne remember Prescott differently: as a policy powerhouse and as a skilled negotiator between Blair and Brown. Does a comparable player exist in today’s Labour government? And, Ed recalls the moment he was involved in a car chase with ‘Two Jags’ himself. With the assisted dying bill facing a second reading next week, the pair consider whether it will pass ...
Nov 21, 2024•50 min•Season 1Ep. 121
With incensed British farmers set to descend on London in protest to the government’s new rules on inheritance tax for agricultural property, Ed Balls and George Osborne consider the likelihood of the Treasury reversing course. What made George change his mind on the so-called “pasty tax” in 2012 - and will Rachel Reeves consider a similar u-turn? This past week marked a special anniversary – the day George thought the UK would go to the polls. Should Rishi Sunak have let his run go a litt...
Nov 18, 2024•36 min•Season 1Ep. 120
The second era of Trump is a little over a week old, and the president-elect is making waves with his cabinet appointments. An attorney general who has been investigated by the House ethics committee for sexual misconduct allegations (which he vehemently denies)? Welcome, Matt Gaetz. Trump’s pick for defence secretary? Pete Hegseth, a Fox News host who’s a proponent of American-made ammo. George Osborne and Ed Balls consider what the spillover will be for the UK. Will the recently cooked-up Chag...
Nov 14, 2024•55 min•Season 1Ep. 119
Donald Trump’s return has provoked days of soul searching among Democratic voters. But the pollster with one of the most accurate predictions of the outcome, James Johnson of JL Partners, has asked George Osborne and Ed Balls to shake off the gloom and consider any positives. Is there a silver lining in a second Trump presidency? George has some ideas, while Ed is struggling… Votebeat editorial director Jessica Huseman asks: does the world see the US as an international example of democrac...
Nov 11, 2024•38 min•Season 1Ep. 118
It’s beginning to sink in: Donald Trump 2.0 is now upon us. George Osborne and Ed Balls think seismic shifts in the global economy could be ahead. Could his aggressive trade policies chip away at the UK’s growth plans? Trump has also claimed he could end the Ukraine war in a day. Does that mean a peace deal – or appeasement? Meanwhile Nigel Farage is offering up his services as a British ambassador to Trumpworld. Would despatching Farage to Mar-a-Lago be a relief for Keir Starmer? And the new To...
Nov 07, 2024•59 min•Season 1Ep. 117
Donald Trump is set to make his return to the White House after a stunning overnight victory against Kamala Harris in the US election, just as George Osborne and Ed Balls predicted. But was this just a simple case of ‘It’s the economy, stupid!’ Ed thinks the Harris loss could be a warning to UK’s Labour party members – if they don’t get UK living standards up, could they go the way of the Biden Democrats too? George, meanwhile, thinks Trump’s win exposes a fundamental challenge for the Lef...
Nov 06, 2024•31 min•Season 1Ep. 116
Rishi Sunak spoke at his last PMQs. But George Osborne reveals why it may not be the last time we see him in No 10... He and Ed Balls discuss whether perceptions of politicians can ever change. Former cabinet member Caroline Spelman asks if a spoiled ballot is a waste of time. And Laura Trevelyan, co-host of the podcast Heirs of Enslavement asks whether countries should apologise for their role in the transatlantic slave trade. Plus - Love the pod? We thought so. Ed and George clarify whether a ...
Nov 04, 2024•39 min•Season 1Ep. 115
The dust has settled on Rachel Reeves’ budget, and despite a strong performance from the Chancellor, George Osborne and Ed Balls have noticed a few glaring omissions. Child poverty? Didn’t really rate a mention. How about some of the New Labour classics like getting people back to work? Pensioners? Nope. So how did this crucial economic pitch to the nation stack up? Ed and George consider how the fallout might impact Labour all the way to the next election. Meanwhile, the polls are telling us th...
Oct 31, 2024•1 hr•Season 1Ep. 114
Has Rachel Reeves done enough to get away with announcing £40 billion of new taxes? In a special YouTube LIVE episode, Ed Balls and George Osborne give their immediate reaction to the Chancellor's first budget. Was it “big and bold and historic” or a “cross your fingers and hope for the best" moment? Who wins and loses from the budget? And how big a gamble is it for Labour's fortunes? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episode...
Oct 30, 2024•36 min•Season 1Ep. 113
Has the reaction to the Winter Fuel Payment cut scared Labour from making more big budget moves on welfare? And what ever happened to the tradition of the Chancellor knocking back a brandy while delivering the Budget? Ed and George discuss the best drinks of choice when outlining an economic plan to the nation… and what other Treasury traditions are in place. Plus, is it a brief, is it a leak or is it just a plain old trail? The pair breakdown the terms and mull some of the most famous, ca...
Oct 28, 2024•36 min•Season 1Ep. 112
Drumroll, please. After keeping his cards pretty close to his chest throughout the Tory leadership campaign, George Osborne is ready to name who he thinks should seize the Tory crown. With the race now whittled down to just two people – Kemi Badenoch and Robert Jenrick – George explains why a possible exit from the European Convention on Human Rights has swayed his choice and what might put him off voting Conservative at all... Meanwhile, members of the Labour party are in hot water after Donald...
Oct 24, 2024•1 hr 2 min•Season 1Ep. 111
Frenemies George Osborne and Ed Balls talk about great political friendships and rivalries. What was the unspoken understanding between former Prime Minister David Cameron and George that made their allegiance last? And which Conservative friendships were soured by Brexit? They answer the question: Are economists just making it up as they go along? How can Rachel Reeves just change the definition of fiscal rules? And with questions from all over the world this week, Ed and George ponder: should ...
Oct 21, 2024•40 min•Season 1Ep. 110
How can Rachel Reeves solve her £40 billion budget gap without breaking Labour’s manifesto promise? Ed Balls and George Osborne take a deep dive into the tax hikes she has and hasn’t ruled out - and whether she can fairly class raising employer National Insurance contributions as manifesto-friendly. Elsewhere, Labour continues to woo the business community - this time at its International Investment summit. But can an event like this overcome the very real barriers to growth that the UK faces?&n...
Oct 17, 2024•56 min•Season 1Ep. 109
The killing of HS2 was one of the defining features of the former government’s final days but there’s now talk the high speed rail line to Manchester might happen after all. Northern Powerhouse Chief Executive Henri Murison asks what Ed Balls and George Osborne make of the chatter that it could be revived, in the form of the so-called ‘HS2 light’. How should we truly define a “pensioner”? Does it just mean someone who is actually receiving a pension, or someone who is of pension earning age? And...
Oct 14, 2024•32 min•Season 1Ep. 108
James Cleverly has made a stunning exit from the Tory leadership race, leaving Kemi Badenoch and Robert Jenrick as the final two to duke it out. George Osborne and Ed Balls consider if that’s thanks to some cunning political strategising or just a good old-fashioned cock up. Now, of the two who is more likely to take the crown? George thinks Jenrick is more “malleable” – is that what an opposition leader needs to be? Is Badenoch Mrs T(hatcher) or T(russ)? Meanwhile, the lead up to th...
Oct 10, 2024•1 hr 3 min•Season 1Ep. 107
Ed Balls and George Osborne consider their biggest political mistakes and their proudest moments in office with a question from former Deputy Prime Minister Therese Coffey. What tax move did George make – against all prevailing advice, mind you – that he remains pleased with to this day? And what would Ed have done differently in the handling of the Baby P tragedy? Speaking of mistakes, some of our attentive listeners have sent in a few corrections for Ed and George to face. In a mov...
Oct 07, 2024•28 min•Season 1Ep. 106
