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Political Currency

Persephonica

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.

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Hosted on Acast. See acast.com/privacy for more information.

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Our Editor's Take

Ed Balls is a former Shadow Chancellor of the Exchequer in the UK. George Osborne was Chancellor of the Exchequer and First Secretary of State. Together, they host the Political Currency podcast. Here, they combine their experience with politics and economics. The two discuss what is happening in Great Britain and the world.

The funny thing about this pairing is that Ed and George were political rivals for a time. Ed is a Labour Party member and George is in the Conservative Party. Ed once referred to George as the Sheriff of Nottingham. George said getting advice from Ed about balancing the books would be like getting advice from Dracula about running a blood bank. They agree that the House of Commons made everything confrontational and feisty. Discussions are more civil on Political Currency.

The podcast covers both current events and political history. There is a multi-part special on the 2010 Coalition Talks. Ed and George recall the five days between the general election and the formation of the first British Coalition Government. Ed's old boss, Gordon Brown, resigned after a long period on top of British politics. George's friend David Cameron became prime minister. The hosts agree that this history of a hung parliament could repeat itself.

Ed and George sometimes invite guests with particular expertise. They speak with former Vote Leave co-convenor Michael Gove about Brexit. The hosts play clips from the news of that time. Michael is reluctant to discuss the topic, but he trusts the hosts. He tells them that he had always been a "Euroskeptic." He was always going to advocate for leaving.

Some episodes follow an "EMQ" format—Ex-Ministers' Questions. Ed and George answer questions from their listeners. One asks George about the origins of the Conservative "minister power stance." Both hosts have a good laugh about this one.

Political Currency is informative and engaging. The podcast often releases two new episodes a week. Episodes usually run between 30 minutes and one hour.

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Episodes

EMQs: Will the government support British farmers?
3d ago
EMQs: Will the government support British farmers?
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 little longer? Author and journalist Tim Shipman, who has examined the issue of Sunak’s timing in his latest book Out: How Brexit Got Done and the Tories Were Undone asks George and Ed their view on when the Tories should’ve called the election. They also consider: does Donald Trump’s election, and his love of protectionist policies, make the idea of the UK joining the European Union Customs Union more justifiable? And… exactly what is Gerrymandering? Professors Balls and Osborne are here to explain. 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 our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, James Shield and Miriam Hall Executive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
Who should be the UK’s ambassador to Trumpworld?
1w ago
Who should be the UK’s ambassador to Trumpworld?
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 Chagos Islands deal get messy? And will Britain find itself more exposed to America than the US itself when it comes to the economic fallout?And while Nigel Farage still appears to be jostling to become UK ambassador to the US, Peter Mandelson is strongly tipped for the job. Do unusual times call for an ambassador with a little ‘British allure’?Back home, and the Labour government has increased tuition fees for the first time since 2017. With that, and the cut in the winter fuel payment, George says he’s really starting to get on board with the Starmer government…Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall, Rosie Stopher and James ShieldExecutive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
HOT TAKE: Donald Trump is President
06-11-2024
HOT TAKE: Donald Trump is President
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 Left that it is now too focused on identity politics and not on people's living standards.They also question: will Donald Trump seek vengeance for Labour’s ill-advised involvement in the election? Nigel Farage was the only British politician with a major presence in the US overnight. Does his time at the Trump victory party mean Reform will be getting some help from Trump in years to come? Thanks for listening. Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs. Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidTechnical Producer:  Mikey NissenbaumProducers: Miriam Hall Executive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
What did Rachel Reeves’ Budget miss?
31-10-2024
What did Rachel Reeves’ Budget miss?
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 the historic US election is set to be a squeaker, with Kamala Harris and Donald Trump in a dead heat. The betting platforms and markets are telling a different story, however. George has the latest on who the world’s major financiers are expecting to be in the White House come January … And speaking of going to the polls, Japan’s snap election just backfired – did anyone in the UK notice? Ed and George question if we should be paying more attention to this major world economy.Remember, you can catch up on our Budget Hot Take here: tr.ee/pc-liveBecome a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall and Danny GarlickExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
EMQs: Budget traditions, Briefings and Brits for Trump
28-10-2024
EMQs: Budget traditions, Briefings and Brits for Trump
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, career-ending leaks in British political history. And with the US election just over a week away, what is the level of support for Donald Trump amongst the UK population? Do more Brits than we think secretly admire the Republican nominee’s approach? Finally, for all you listeners desperate to join our Record Club, Ed has followed up his first suggestion of Kuunnelmia by Jukka Perko with another Scandi recommendation: Hoven Droven.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 our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher, Miriam Hall and Danny Garlick Executive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
Who is George Osborne backing for Tory leader?
24-10-2024
Who is George Osborne backing for Tory leader?
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 Trump accused them of election interference. Ed Balls thinks the party’s decision to get involved in a foreign country’s election could be described in a few ways (mainly as naive, gauche and definitely a mistake.) And, less than a week away from the first Labour budget in 14 years, has the party done enough to convince voters, the markets and business leaders there’s a plan for economic growth? Become a member of POLITICAL CURRENCY GOLD 🏅 to support the podcast, enjoy ad-free listening to all our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidTechnical Producer: Oliver GeraghtyProducers: Miriam Hall and Danny GarlickExecutive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.  Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.
EMQs: Political regrets? We have a few
07-10-2024
EMQs: Political regrets? We have a few
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 move unfamiliar to most politicians, they’re willing to admit when they are wrong, judiciously of course… And live from the Tory party conference this week, the Conservative Mayor of Tees Valley Ben Houchen asks if Rachel Reeves is really supportive of devolution? Sounds like the jury is still out as to whether or not the Treasury is really behind it… 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 our episodes and receive early access to EMQs.Subscribe now: patreon.com/politicalcurrency or on Apple Podcasts: apple.co/politicalcurrencyProduction support: Caillin McDaidProducer: Rosie Stopher and Miriam Hall Executive Producers: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information. Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.