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Political Currency

Trump the peacemaker?

Season 1, Ep. 125

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, Rachel Reeves is talking a big game – insisting Labour won’t be bringing in any more tax increases or borrowing plans. Is she making promises that will be hard to keep? Ed and George mull whether Reeves is setting herself up for trouble down the road.


And with a snap election in Germany just months away, Ed and George take a closer look at the country’s economy – which has gone from ‘miraculous’ to ‘kaput’ in just a few years – and ask who’s to blame.


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Production support: Caillin McDaid

Technical producer: Oliver Geraghty

Producers: Miriam Hall and James Shield

Executive Producer: Rosie Stopher


Political Currency is a Persephonica Production and is part of the Acast Creator Network.

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  • 299. The two major challenges facing Andy Burnham

    01:02:29||Season 1, Ep. 299
    Andy Burnham is now prime minister-in-waiting and is laying out his vision for Britain. On Monday he outlined his approach to the economy, but is his vision any different to Keir Starmer’s? Ed Balls and George Osborne worry the speech lacks a theory of change, and sets him up for the same troubles Starmer faced. George puts forward the two key challenges Burnham will face: defence and communication. Starmer’s Defence Investment Plan leaves a £5bn gap and stray briefings are confusing Burnham’s messaging. If he can’t get on top of these, is he destined to fail as Starmer has? The primary policy laid out in Burnham’s speech was a No. 10 in the North, based in Manchester. But this plan comes with risks. Ed worries this could lead to increased divisions between No. 10 and the Treasury, which will kneecap the government’s agenda. George feels these changes are too radical mid-Parliament, and distract from policy. And finally, this Saturday marks the 250th anniversary of U.S. independence and, to mark this historic milestone, Ed and George reflect on the country’s history. They look at the founding fathers, their own relationship with the country, and what future relations will look like with the UK under Burnham.  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: Louis NorrisExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 298. EMQs: The reshuffle dilemma facing Andy Burnham

    40:09||Season 1, Ep. 298
    Should Andy Burnham appoint an entirely new Cabinet or resist the temptation for a full reshuffle? Ed Balls and George Osborne discuss whether constant ministerial churn is a hindrance to effective government, and who the new Prime Minister should keep in post to provide stability.They also revisit one of the biggest political "what ifs" of the year. Was Keir Starmer wrong to stop Burnham returning to Westminster earlier? Looking back, could allowing him to fight Gorton and Denton have changed the course of events, or was Starmer's fate already sealed?A listener's memories of school evacuation drills before the Iraq War prompt a wider conversation about how governments prepare the public for crises. From terrorist attacks and pandemics to extreme weather, Ed and George reflect on the challenge of planning for events that may never happen.Elsewhere, they discuss why Classical Civilisation remains out of reach for many pupils, whether today's political infighting has more in common with Ancient Rome than we might like to admit, and reveal the surprisingly practical advice they'd give to an ambitious young Conservative hoping to enter Parliament, including where politicians really go to get suited and booted. 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: Sam GruetExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 297. The Andy Burnham we know

    01:05:21||Season 1, Ep. 297
    The pathway from Makerfield to Downing Street seems inevitable. Andy Burnham was sworn in to Parliament hours after Keir Starmer resigned and now seems set to be crowned as prime minister next month. But who is he? Ed Balls and George Osborne have known him for over 25 years, and speak to how the man they know will govern once he enters No. 10. How will his style as a footballer be reflected in his governing?Ed and George then examine the likelihood of whether Andy Burnham will call an early General Election. Either way he risks repeating the mistakes of Gordon Brown or Theresa May. Ed lays out the three tests Burnham must ask himself before going to the polls, while George lays out how a General Election could play out for the opposition parties.Finally, they turn to the man still in Downing Street. What will Keir Starmer’s final weeks in post look like? Ed and George look back on the final moments of Brown’s and Cameron’s premierships, and what the thinking will be in the Starmer team in these final days and weeks.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: Sam GruetExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 296. HOT TAKE: Starmer resigns, what comes next?

    27:44||Season 1, Ep. 296
    After Keir Starmer delivered his resignation speech this morning, Ed Balls and George Osborne reflect on what comes next for the government, for the country, and for the outgoing Prime Minister. Was Starmer’s ‘clinical’ address a sign of a weak legacy and further inability to communicate his successes? The pair argue the performance was lacking in both emotion, and in recognition for the work of his cabinet colleagues.Plus, as Wes Streeting backs down and a coronation of Andy Burnham seems imminent, will any other Labour MPs dare to stand against the King of the North? Or will they now start trying to book a spot at the next Cabinet table instead? Ed suggests an outsider candidate could launch a pre-contest to have their moment in the limelight and give Burnham some scrutiny. Meanwhile, George speaks of the need for Andy Burnham to nail down a plan for the government and get ahead of the tide of public opinion.Lastly, they discuss where this leaves the Labour government two years on from its landslide majority. Has Starmer fallen into the same trap as previous governments of not sticking to a clear plan, as George says? And, as Ed theorises, is the Starmer legacy now tied to the performance of a future Burnham government?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 McDaidVideo Editor: Oliver GeraghtyExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 295. EMQs: Keir Starmer’s problem with ministers

    46:41||Season 1, Ep. 295
    Al Carns revealed in the wake of his resignation he only met Keir Starmer in an official capacity once. On this week’s EMQs, Ed Balls and George Osborne break down how unusual this is for a PM and why it may explain the problem at the heart of the Starmer operation. Baroness Jan Royall, Chair of the Jo Cox Foundation asks what lessons have been learned in the decade since her tragic murder and what more needs to be done to protect MPs.The pair then tackle the big political debate: is ‘white van man’ always right? Ed recalls a near disaster for the treasury with ‘white man van’, while George offers politicians advice on how to balance their personal views with meeting the public where they are.Ed and George also answer ‘Emily’s’ question on free childcare benefits and whether it should be stopped completely when you earn over £100,000.  Ed and George bring their experience to the question and discuss the pros and cons of benefits tapering rather than ending on a salary cliff edge.   Plus a Canadian listener hits back at George’s recent derogatory comments on Ottawa and asks George and Ed for their predictions if significant election results had gone another way. Don’t forget if you’re a Kitchen Cabinet member and want to win a chance to see Centrist Dad live at the Water Rats on the 2nd July make sure to send in an EMQ to questions@politicalcurrency.co.uk with the subject ‘CENTRIST DAD’.If you have any other burning questions send them to questions@politicalcurrency.co.uk 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: Sam GruetExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 294. How’s Britain and George Osborne, 10 years on from Brexit?

    01:11:55||Season 1, Ep. 294
    Keir Starmer’s legacy is on the line, no matter who wins in Makerfield. A flurry of announcements from social media bans to the defence strategy have seen the PM attempt to recentre himself in the narrative as his greatest rival comes closer and closer to re-entering Westminster. This week, Ed Balls and George Osborne delve into what it means for Labour, whether Wes Streeting is still a contender, and if ‘last chance saloon’ legacy building ever works.No matter who the PM is later this year one thing is certain: the fallout of Iran. Positive or negative the worldwide economy has been affected by the war, and with Trump signing a peace deal we may start to see what the true impact will be long term.  Finally, the 10th anniversary of the Brexit vote is on Tuesday and after turning down the Today Programme, Newsnight, and Channel 4, George gives us his verdict on the Brexit legacy. Is Britain poorer, weaker and less influential outside the EU, as George argues, or was Brexit ultimately inevitable, as Ed suggests? And have George’s personal relationships recovered? 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: Sam GruetExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 293. EMQs: Will new laws protect children online?

    39:10||Season 1, Ep. 293
    How effective will new UK laws be at protecting children online? Ed Balls and George Osborne hear a question from Natalie Fleet, the Minister for Safeguarding and Violence Against Women and Girls. They discuss the technology that can help, the importance of legislation keeping pace with risks, and the legal decision that made social media platforms more likely to host misleading content.Plus, why is the government now prioritising inflation over low unemployment? Is it possible to tackle them both at the same time? And what could a future Prime Minister do towards this? Ed and George assess the history and economics behind it.They also discuss the importance of historical education as a politician and an economist. Ed talks about the importance of learning from mistakes of the past, and George recalls how two paintings in No 11 Downing Street paid tribute to an influential 1925 dinner between then-Chancellor Winston Churchill and economist John Maynard Keynes.And finally, how do Ed and George feel about comedians rarely impersonating them? The pair show off their own impressions of William Hague, Gordon Brown, and Peter Mandelson.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 GeraghtyExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 292. Is it the final blow for Starmer as Healey resigns?

    01:15:48||Season 1, Ep. 292
    The shock resignation of defence secretary John Healey has prompted an emergency input from Ed Balls and George Osborne for this week’s episode. They react to why he went, what it means for the government and how defence spending will become a bigger crunch point than it was already.In one week’s time voting will open for the by-election of the century. Will Andy Burnham return to Parliament and enter Downing Street? If he does, how can he learn from not just the mistakes of Keir Starmer but previous PMs who entered mid-government. The pair examine the challenges facing the King of the North, and lay out what he must do immediately to right the ship. They then turn their focus to Burnham’s biggest challenge: the economy. He says Manchesterism is the answer, but what is it? Does it work? And if it does, can it be effectively applied to the whole country? Finally, with the World Cup kicking off tonight the pair take some time to look at the interplay of politics and football. Is this the most politically charged World Cup ever? What can be expected from Donald Trump, who has a testy relationship with co-hosts Canada and Mexico? What will be the impact of Iran’s participation?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 GeraghtyExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.
  • 291. EMQs: The best place to be an MP if you're a lover of rhubarb

    49:30||Season 1, Ep. 291
    In this week’s EMQs George Osborne and Ed Balls take on a question from Jeremy Hunt who asks if chancellors are under pressure to push through new reform as soon as they are in office.  Ed and George bring their experience to the query. Following the Pope’s letter on the topic of AI, one listener asks for Ed and George’s reaction to the papal intervention.   In the Pope’s encyclical, he asks if AI is a force for good or bad. George and Ed applaud Pope Leo’s early engagement into the topic and, like the Pope, think human dignity needs to be at the heart of all new technological advancements. MP, Minister and mountain rescue volunteer Josh MacAlister asks a question that takes George back to his constituency in Tatton and prompts Ed to share his knowledge and his appreciation for rhubarb.  Also a query from Australia triggers a debate on politicians shaping policy to benefit their loved one.  Plus there’s confirmation of what’s NOT going to be on the setlist at the upcoming Centrist Dad’s gig at the Water Rats in London.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: Sarah Beaumont & Nasreen ArainVideo Editor: Sam GruetExecutive Producer: Ellie Clifford & Henrietta HarrisonPolitical Currency is a Persephonica Production and is part of the Acast Creator Network.