Political Currency

The fallout of the local elections was as many had predicted, but the chaotic aftermath demanded a reaction. Ed Balls and George Osborne went live on YouTube earlier today to give their thoughts on just how bad things are for Keir Starmer.They reflect on the heavy defeat Labour suffered on Thursday, and the prime minister’s fightback. Why did he bring back Gordon Brown and Harriet Harman? Why did he stake things on today’s speech with a King’s Speech in only two days?The biggest question mark of all though, is Catherine West. The little known MP created an earthquake over the weekend by announcing she would challenge the PM if no one else would. She has now pivoted to calling for a timetable, but still has damaged Starmer, and placed all eyes on what Andy Burnham, Wes Streeting, and Angela Rayner do next…We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Oliver Geraghty and Ryan FinniganExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

It’s polling day, and the tensions have never been higher for Keir Starmer. The threat to his left, with the Greens, or to his right, with Reform, makes this a defining moment of his premiership. Ed Balls and George Osborne take this time to look at the future of the devolved governments, which could all be led by nationalist parties for the first time. Which parties will be willing to work together? Will there be another independence referendum? Is the UK at risk of breaking up?The war in Iran is still ongoing, despite Donald Trump still maintaining a peace deal is imminent. With the market shocks seen in recent days over the Strait of Hormuz and the status of peace talks being unclear, George wonders why Britain has been hit worse than any G7 economy. Ed explains why the Bank of England must keep a clear inflation target, and why he thinks they will cut interest rates despite what others have said.Finally, it’s been nearly 10 years since the Brexit referendum but the debate rages on. Keir Starmer was at a meeting with European allies earlier this week and has signalled closer relations. Will Starmer take us back into the single market? Will the EU budget debates return? Could we even see another referendum? Ed and George explain how the government must navigate relations with Europe to stabilise the economy, while not repeating the mistakes of the 2019 election. We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla Mercer and Ryan FinniganExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

Before getting into questions this week, Ed Balls and George Osborne take on the big talk around Westminster: should MPs be allowed to drink? They respond to the criticism by new Green MP Hannah Spencer, who said MPs smelling of alcohol while voting made her uneasy. Ed and George offer the pros and cons of this, and even how drinking in parliament getting out of hand may have led to Jeremy Corbyn…Is it in Kemi Badenoch’s best interest for Keir Starmer to stay on? The pair explain why this mindset is too clever by half, and how opposition leaders should always focus on their message and expose a PM’s weak points, rather than hope to gain by keeping a flawed leader in place.   They then receive a pair of questions on AI, looking at the lack of training among certain industry leaders and the idea of British sovereignty on AI. George brings his expertise to explain why training is important and the limits for any country on sovereignty, while Ed illuminates us on some of his own musical AI discoveries.Finally, they answer just why cabinet ministers seem reluctant to lay out their own vision for government even when Starmer appears so weak. Is this a sign of No. 10 clamping down on ministers? The rise of soundbite social media? Or, does it demonstrate how no cabinet member is confident enough in their leadership ambitions to make a move? We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla Mercer & Ryan FinniganExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

A dramatic week in UK politics has seen the successful state visit to the US by King Charles and another hit on Keir Starmer in the ongoing Mandelson scandal. Ed Balls and George Osborne break down all the moving parts of these events. Is the special relationship saved? Did Kemi Badenoch move too early against Starmer? And what does this all mean going into a seismic set of local elections?On said elections, the pair break down the vulnerable positions for both main parties. They argue Kemi Badenoch needs an ethical reset from the tumultuous Boris Johnson era if she hopes to fend off Reform and make serious gains for the Conservatives. On the Labour side, they believe Keir Starmer has not got a diagnosis for why Labour are unpopular, and this risks his position should any cabinet member decide to stick the knife in after the elections.Finally, they return to assisted dying to analyse why the bill stalled out in the Lords and debate just how it can come back. Is it a slow process to such a big reform? Or is it best to strike when the iron is hot, or risk losing this debate for a generation? The pair disagree on what exactly is the best route forward…We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla Mercer & Ryan Finnigan Executive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

Off the back of last week’s EMQs, Tamara Finkelstein sends in a correction to the idea that UK schools don’t prepare for attacks like those in the US. She highlights that Jewish schools have to prepare and feel threatened in this current environment.  Ed Balls and George Osborne highlight the worrying trend of antisemitism in the UK and the need for public figures to actively combat it.Aldershot MP Alex Baker then chimes in with a proposal to adopt a multilateral defence, security and resilience bank, much like Mark Carney is championing in Canada. This poses a challenge for the pair, who recognise the necessity of improving defensive relations with our allies but see the economic challenges How do prime ministers prepare for PMQs? Is it usual for the opposition to send questions in advance, as Kemi Badenoch did last week? George explains the procedure and conventions in the chamber, and how the opposition aims to catch out PMs. And finally, pollsters from More in Common reached out following the discussion of ex-PMs, on the main show, with some fascinating insight into who the public most wants to hear from. Ed and George are included for good measure, and even rival podcasters get a mention…We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla MercerExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

Another dramatic revelation in the Mandelson scandal has reignited the tensions around Keir Starmer’s leadership and the future of his government. Ed Balls and George Osborne reflect on the latest developments, and look forward to how this will impact the local elections in just two weeks' time. The pair question the sacking of Olly Robbins, assess Kemi Badenoch’s performance at PMQs, and look at the bleak tone of the cabinet. With an extension of the ceasefire in Iran, George and Ed debate the likelihood of a lasting peace agreement. George argues there may be a workable deal on the table, while Ed is more cautious saying Iran doesn't trust the Americans, and that it’s unclear who they actually should be negotiating with.Ed and George’s pal Kevin Warsh faced the Senate Banking Committee ahead of his approval as Fed Chair on Tuesday, with some particularly tough questioning from Democratic senator Elizabeth Warren. The pair discuss his political savvy in the hearing and, if confirmed, how he will navigate his relationship with Donald Trump when in post. We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:👉 X👉 Instagram👉 TikTokThanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid Video Editor: Carla MercerExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

Fresh off the back of our latest episodes Ed Balls and George Osborne get an answer to their queries around the curate eggs and a follow up to the Libya crisis series on age in politics. In politics, particularly the Tories, you’re considered young at 40 or 50 while in tech it makes you ancient. Why is this? Youth is often seen as a negative in politics, but is there value to not being weighed down by your experiences? Then the pair answer a question from the Barclays Brief podcast on the gilt markets, and options open to Rachel Reeves should higher energy prices limit her fiscal headroom. They explain why her options are severely limited coming into the second half of this the parliament and what options are still available for her.Baroness Jo Valentine then asks a question around rail development at Heathrow should the third runway be developed. They point to past projects like the Millennium Dome and Olympic Park as pointers on what you should and shouldn’t do, while exploring why planning often takes so long in Britain.Finally, they address a question on many people’s minds: what happens if we’re plunged into active war? They discuss whether the government should better prepare the public for this event, and what areas of weakness the government should address to better protect the public in future. We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question.Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla MercerExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.

The Middle East conflict raged on during our Easter break and George Osborne comes back to us with news from Washington and word from friends in high places, like incoming Fed Chair Kevin Warsh. He and Ed Balls discuss the failed peace talks from George’s other mate, JD Vance, and where things go from here. They then weigh in on the UK’s shifting tone towards the Trump administration, and why they’re becoming more critical. It’s aiding them for now, but will it come back to bite them? The ongoing defence spending dilemma also rears its head with Labour peer George Robertson openly critcising the Government. The pair predict this will come to be the biggest challenge for Rachel Reeves and the Treasury in this year’s budget.Earlier this week the International Monetary Fund forecast that Britain would be one of the countries worst hit by the Iran war. Ed explains why he disagrees with this assessment, and how the Bank of England can avoid debilitating inflation. George cautions that Reeves is in a tough spot, and faces some unpopular choices should the IMF’s forecast come to fruition. Finally, George sheds some light on emerging cybersecurity threats particularly Anthropic’s Mythos model. Alarms are ringing in Washington over this model, with the new threats of AI on defence and security becoming clear. George highlights the risk and opportunity inherent in these technological innovations, and they call for regulation as these models become more and more advanced.We love hearing from you, so please don’t forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question.Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Credits:Research: Sam BurtonProduction: Caillin McDaid & Nasreen ArainVideo Editor: Carla MercerExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.