Political Currency

It’s official: we are the champions. Fresh from two wins at last night’s Political Podcast Awards, a victorious Ed Balls and George Osborne look at two fairly drastic political recalibrations at home and abroad.

Keir Starmer flew to China this week, amidst renewed tensions over his leadership, marking the first prime minister to visit the country in 8 years. Ed and George question why Number 10 played down this significant geopolitical moment, and how it reflects the tension surrounding Starmer leadership. They also look at Andy Burnham’s failed return to Westminster and Kemi Badenoch’s threats to her left and right.

Meanwhile, in the United States, Donald Trump is forced to de-escalate his position on immigration following multiple fatal shootings on the streets of Minnesota. Has the White House lost control of the narrative? And if so, what does this tell us about the limits of a hardline on the politics of immigration?

Also, the pair highlight a new Institute for Fiscal Studies paper, which looks into how the house price boom and intergenerational wealth is affecting home ownership and social mobility in the UK today. What impact is this having on people’s life chances? And is the Labour government able to tackle it in light of its watered down planning reforms?

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.

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Please note: Kitchen Cabinet is only available via Patreon.

Credits:
Research: Sam Burton
Production: Caillin McDaid & Caitlin Hanrahan
Video Editor: Avi Asher
Executive Producer: Ellie Clifford

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

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

Why didn’t Nick Clegg become Chancellor of the Exchequer in the 2010 coalition government? Ed Balls and George Osborne take you inside the negotiations that formed the Conservative-Lib Dem coalition in this week’s EMQs. They also discuss why Gordon Brown didn’t make Ed chancellor, and whether it was the original sin of his premiership.

They also discuss the role of academics in policy making, and why American scholars end up more favored than their British counterparts. And, how many U-turns can a government sustain? Ed and George look at the impact of U-turn politics on trust and authority, and discuss how the coalition survived the omnishambles budget?

Finally, the pair consider whether MPs who defect - including recent high profile Tories like Robert Jenrick - should stand down to trigger by-elections. They explain where this has gone wrong historically, and the dangerous precedent it would set for future political rebellions in all major parties.

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 Podcasts

Please note: Kitchen Cabinet is only available via Patreon.

Credits:
Research: Sam Burton
Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.
Video Editor: Avi Asher
Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.

Fresh off a week of anxiety and uncertainty, George Osborne reports to Ed Balls from Davos to give the inside track on what it was like to see Trump’s address in person and the murmurs from the Alps about what the President really wants. The pair also look at the reactions from Keir Starmer, European allies, and the Mark Carney speech that got everyone talking.

The pair then reflect on Robert Jenrick’s sacking and defection to Reform one week on. Has he truly put national interest above personal interest? Should the two parties come to an agreement to reunite the right of British politics? And could the defection of other Tories such as Andrew Rosindell help Kemi Badenoch change the party for the better?

Ed has also been on the European continent this week, visiting Versailles for the annual Franco-British Colloque. He speaks of his insights into growing acceptance of victory for the far-right National Rally in next year’s presidential election, a rumoured Macron return in 2032, and the need, now more than ever, for a stronger relationship across the Channel.
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 being a valued member of our Kitchen Cabinet or a Gold subscriber. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug.

Please note: Kitchen Cabinet is only available via Patreon.

Credits:
Research: Sam Burton
Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.
Video Editor: Avi Asher
Executive Producer: Ellie Clifford
Political Currency is a Persephonica Production and is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.

Fellow ex-minister Edward Timpson sends in a question this week, asking Ed Balls and George Osborne how they stayed mentally and physically healthy during their time in government. The pair share their guide for what all ministers should do to remain fit in and out of office.

Shevaun Haviland, Director General for the British Chambers of Commerce, then asks how the ongoing issues with business rates are solved permanently. George explains why this tax is one that causes issues for every government, and the problems inherent to reforming it.

A listener sends in a question from Tokyo, allowing Ed and George to delve into the decades-long standstill of the Japanese economy and the cult-like following new prime minister Sanae Takaichi has gained.

Finally, George explains why it’s easier to make promises in opposition than stick to them in government, revisiting plans by the Tories to downsize government cars before the coalition, and why it didn’t work out that way.

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 Podcasts

Please note: Kitchen Cabinet is only available via Patreon.

Credits:
Research: Sam Burton
Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.
Video Editor: Avi Asher
Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.

The dramatic news of Robert Jenrick’s sacking and rumoured plot to defect to Reform broke mid-record this week, meaning Ed Balls and George Osborne give a live reaction to the news. Has Kemi Badenoch secured her leadership or is this the next Tory psychodrama? And, could Nigel Farage be inviting the biggest threat to his leadership by accepting Jenrick?

The pair look at the ongoing protests in Iran, and Donald Trump’s changing stance on whether American forces will be deployed in the region. They also look at how Labour should respond, and question the silence from certain political voices on the left.

After a roundup of U-turns last week the Labour government has delivered yet another rollback with their mandatory Digital ID cards. Why can’t the government, in Wes Streeting’s words, get it right the first time?

And finally, the ongoing feud between Fed Chair Jerome Powell and Trump turned from a cold war to a hot one last weekend, with a criminal investigation into Powell being launched and the Fed releasing a response. Ed and George examine the possible repercussions of this, and the threats Trump’s demands of the Fed pose.

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 Podcasts

Please note: Kitchen Cabinet is only available via Patreon.

Credits:

Research: Sam Burton
Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.
Video Editor: Avi Asher
Executive Producer: Ellie Clifford

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

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