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PODCAST

Political Currency

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

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All Episodes

1:01:29

A looming coup for Starmer?

Political Currency ·

2025/09/18

President Donald Trump is in town, so it’s back to Windsor Castle for our Ed Balls! A podcast recording the morning after a lavish state banquet? Not a problem, it’s all par for the course for Ed, who has apparently been catching up on Downton Abbey in preparation. He brought George Osborne up to speed on the events of the evening; who sat where and did he get to say hello to the 47th president?It’s hard to believe the US President’s visit could be considered a reprieve for Prime Minister Keir

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44:59

EMQs: Lasagna plots and Shakespearean AI bots

Political Currency ·

2025/09/15

What really happens in the frantic first 24 hours of a new government job? This week on Ex-Ministers’ Questions, Ed Balls and George Osborne lift the lid on the art of political survival. From the scramble of last-minute briefings to the insider secrets government drivers know before their ministers do, they swap stories on navigating the chaos of a reshuffle.Then it’s from the Cabinet Office to the kitchen, as George grills Ed on one of Westminster’s most notorious culinary conspiracies:

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57:05

Peter Mandelson OUT. George Osborne… IN?

Political Currency ·

2025/09/11

Peter Mandelson, the so-called “Prince of Darkness” got sacked this morning, thanks to fresh revelations of his lengthy friendship with sex offender Jeffrey Epstein. Now all eyes are turning to his replacement … Could George Osborne himself be getting the call up for US Ambassador?He and Ed Balls consider what this sudden, inglorious end for Mandelson’s diplomatic career means for the government. How could this affect the all-important upcoming state visit from US President Donald Trump, who himself

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46:17

EMQs: Car doors, pole dancers and Diary columns

Political Currency ·

2025/09/08

How should a politician respond when a voter blames all their problems on immigration? In this week's Ex-Ministers' Questions, Ed Balls and George Osborne offer competing strategies for handling difficult conversations on the doorstep. They also tackle a stark warning from a Gen Z listener: is the political establishment's failure to listen pushing an entire generation of young people towards Nigel Farage?Then, the pair turn to the insider's playbook of political survival. They debate the pros and

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1:11:29

Could sacking Rayner make her a ‘backbench martyr’?

Political Currency ·

2025/09/04

Politics is back with a bang, and so are Ed Balls and George Osborne. As Keir Starmer declares "phase two" of his government, he's immediately engulfed by a scandal that threatens his Deputy Prime Minister, Angela Rayner. In this episode, Ed and George dissect her complicated tax affairs, the accusations of hypocrisy, and the difficult choice facing the Prime Minister: is she too powerful to sack?Next, they unpack how Nigel Farage and Reform UK managed to dominate the entire summer. While the

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52:01

EMQs: Could David Miliband have defeated the Tories...

Political Currency ·

2025/09/01

What if the great 'what if' moments of recent British history had turned out differently? Ed Balls and George Osborne dive into the political sliding doors that could have rewritten the last three decades. They debate whether Margaret Thatcher would have won the 1992 election if she hadn't been ousted, and how her legacy would have been transformed.Ed gives a behind-the-scenes account of the Blair-Brown transition and the so-called 'Curry House Plot', considering how Labour would have handled the

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1:08:25

Emily Thornberry on the Corbyn era, being left out of...

Political Currency ·

2025/08/28

Political Currency’s summer specials continue! This week, while Ed Balls is away, George Osborne is joined by one of Labour's longest-serving and most compelling figures, Dame Emily Thornberry.Thornberry takes George inside the Corbyn-era shadow cabinet and explores the tantalising 'what if' of 2017: what would a Prime Minister Corbyn really have been like, and how would the British state have coped?From her unique vantage point as a senior backbencher, Thornberry offers a frank assessment of the

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43:11

EMQs Political Craft Special: Speeches, diaries and...

Political Currency ·

2025/08/25

What are the essential skills for a life in politics? In an age of TikTok soundbites, can a single speech in Parliament still change minds and topple a government? Ed Balls and George Osborne dive into the art of political craft, taking questions on the real-world impact of parliamentary debates, the secrets to managing a ministerial diary, and the constant balancing act between cabinet duties and constituency work.They discuss historic interventions that shaped the nation, from Edward Heath’s

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1:06:46

Wes Streeting on battling the Treasury, his plan for...

Political Currency ·

2025/08/21

What is it really like to go from nine years in the political wilderness to running one of the most challenging departments in government? For Wes Streeting, Labour's Secretary of State for Health, it's a challenge he has been visibly relishing this past year, after a long, frustrating period fighting from the opposition benches.With Ed Balls away interrailing, Streeting joins George Osborne to give him a candid inside look at Labour's first year in power, revealing what Keir Starmer is really like

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40:08

EMQs Young People Special: Why won’t politicians...

Political Currency ·

2025/08/18

Why do the concerns of young people barely register in political debate? Ed Balls and George Osborne take questions on the widening gap between the careers young people dream of and the jobs actually available, and why debt, unaffordable housing and the loss of defined benefit pensions leave the next generation feeling shortchanged.They discuss whether the government should take more responsibility for opening up opportunities and how early aspirations are shaped by who you know and what you

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1:02:31

Sarah Vine on Michael Gove, the Camerons, and why...

Political Currency ·

2025/08/14

While George Osborne is away “stirring the pot” (this time with JD Vance),Ed Balls is joined by author and columnist Sarah Vine for a powerfully candid conversation about her explosive memoir, How Not to Be a Political Wife.Sarah gives the unfiltered story of her marriage and divorce from Michael Gove, revealing how the "toxic culture" of Westminster shattered friendships with the Camerons, took a toll on her mental health, and why she considered Dominic Cummings the true "third person" in her

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40:34

EMQs Books Special: Do politicians make good writers?

Political Currency ·

2025/08/11

Why haven’t Ed Balls or George Osborne written political memoirs? Broadcaster Iain Dale puts the question to them, asking what’s stopping them, what they’d reveal if they did, and whether political history is incomplete without their accounts.And another listener digs into a moment of political tension between Ed and Tony Blair over the Euro. Did Steve Richards’s book Turning Points get it right, and what was really said in that meeting?Plus - the political fiction and non-fiction worth reading this

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58:11

Kwasi Kwarteng on the Liz Truss meltdown, getting...

Political Currency ·

2025/08/07

Kwasi Kwarteng reflects on what went wrong.The former Chancellor joins Ed Balls to talk through the decisions behind the Truss mini-budget - from bypassing the OBR to what he now calls its “real intellectual failing.” He explains why the Bank of England’s intervention “killed the government,” and why he believes his sacking was no coincidence.Kwarteng also looks ahead, urging the Conservative Party and Kemi Badenoch to focus on unity, and warning Rachel Reeves about the political cost of trying to

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47:57

EMQs: Is a two-state solution still possible?

Political Currency ·

2025/08/04

The future of a two-state solution between Israel and Palestine comes into question this week, as Ed Balls and George Osborne respond to a listener asking whether Israeli public opinion has shifted irreversibly after the October 7th attacks. Is peace still possible, or has that hope died with the victims?Another listener shares a devastating story about her mother’s death during the junior doctors' strikes, raising serious questions about end-of-life care and what, if anything, Wes Streeting can do

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1:06:56

Could the UK spiral into a ‘debt doom loop’?

Political Currency ·

2025/07/31

The IMF has upgraded its global growth forecast - so things aren’t quite as bleak as we feared. Still bleak, though.Ed Balls and George Osborne dig into what the numbers mean for Chancellor Rachel Reeves. With spending cuts ruled out and the Autumn Budget on the horizon, the question looms: can the government afford all it has promised? George thinks Reeves is avoiding the tough calls. Ed believes tax rises may be inevitable, unless Labour is willing to flirt with more debt and borrowing.Meanwhile,

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35:50

EMQs: Was HS2 a complete waste of money?

Political Currency ·

2025/07/28

The UK’s high speed railway has been plagued with cost blowouts, delays and scale-backs - so Ed Balls and George Osborne consider: has it all just been a big waste of money? Couldn’t those funds have been put to better use? Perhaps for the NHS, for example?The pair also consider the concept of age limits on voting. We’ve got a minimum age - recently lowered by Labour to 16 years old - so why not a maximum too? A listener asks: was it fair for those over 70 to have a say in the Brexit referendum, for

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1:06:24

Is Labour reaching a breaking point on Palestine?

Political Currency ·

2025/07/24

Parliament has broken up for summer, but politics shows no sign of cooling down. Ed Balls and George Osborne run through the latest from every party - the Tories’ frontbench reshuffle, Labour’s mounting tensions over Gaza, Reform’s approach to protests worries - all while the Greens and Lib Democrats make their moves. What’s really going on as MPs head off for the break?Meanwhile, the crisis in Gaza is becoming impossible to ignore across the country. With heartbreaking images and rising calls from

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47:46

EMQs: Can we really fund everything in the NHS?

Political Currency ·

2025/07/21

What should the NHS pay for, and what should it not? In this week’s episode, Ed Balls and George Osborne tackle one of the toughest political questions: how do you decide what’s “reasonable” for the state to fund when it comes to healthcare? As medical advances multiply and the public expects more from the NHS, is a national conversation about rationing unavoidable?Then, what happens when politicians leave office? A listener asks how Ed and George’s lives outside Westminster - from Wall Street and

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59:26

Could the Epstein files cost Trump his MAGA base?

Political Currency ·

2025/07/17

Donald Trump wants to know why everyone won’t just forget about the Epstein files already. As he keeps pointing out, the disgraced financier has been dead for years. But Trump himself stirred up fresh interest in a trove of documents that many hoped would reveal explosive new details. Now it looks like they won’t be released after all - and the MAGA world isn’t happy. Ed Balls and George Osborne ask: could this be the thing that finally turns Trump’s base against him?And Andrew Bailey has sounded

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39:05

EMQs: Is Labour the new party of the monarchy?

Political Currency ·

2025/07/14

Which side of politics loves the monarchy more? Conventional wisdom says Conservatives are the monarchy’s biggest fans. But are Ed Balls and George Osborne the exceptions to that rule? The pair explore how royalist sentiment plays out across the political spectrum, how long this current reign might last, and whether we’ll ever see a King George.Then, it’s onto a different question of longevity: what will it take for the Conservative Party to survive? Is the future in rebuilding the 2015 voter

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183 results

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