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Political Currency

Political Currency

By: Persephonica
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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.

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

Persephonica
Political Science Politics & Government
Episodes
  • Could the Mandelson Scandal bring Starmer down?
    Feb 5 2026

    In this episode we discuss details from the Epstein files, with references to sexual exploitation and some strong language.


    We begin this week with the growing political fallout from the Epstein files, following the release of thousands of emails by the US Department of Justice detailing Peter Mandelson’s relationship with Jeffrey Epstein. The revelations have prompted comparisons with the Profumo affair and raised serious questions about judgment, power, and trust at the heart of British politics.


    Ed Balls and George Osborne discuss their shock at the extent of the released emails , how it has reignited scrutiny of Keir Starmer’s decision-making, and whether this crisis could bring the Prime Minister down.


    Epstein’s connections with British elites goes beyond Westminster however. His well documented friendship with the former Prince, Andrew Mountbatten-Windsor, has once again put the Royal Family under pressure. How can King Charles deal with a scandal of this magnitude? And for others implicated in these files, like the Clintons and Donald Trump, what might follow?


    Overshadowed in the noise of the Epstein files was the long-awaited appointment of Jerome Powell’s successor as chair of the Federal Reserve, and it was announced last week that Kevin Warsh was Trump’s pick. Ed and George reflect on their personal interactions with Warsh. What kind of Central Banker will he be? How will he differ from Powell? And, how might he handle political pressure from Trump’s White House?


    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 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.

    Show More Show Less
    58 mins
  • EMQs: Do defections make the Tories electable?
    Feb 2 2026

    Are Robert Jenrick and Suella Braverman’s defections a blessing in disguise for Kemi Badenoch? In this week’s EMQs, Ed Balls and George Osborne explain the pros and cons of the Tories losing MPs from the right of the party, and how Badenoch can take advantage of Labour’s unpopularity.


    Then, the pair consider whether the UK could adopt a US style primary system for candidates and explain how they got selected for their seats in parliament. They also confront the surprising fact that no prime minister has come to power and been ejected through a General Election since the 1970s and answer whether Britain is actually a democracy?


    They then answer if any British politician is capable of inspiring people the way Mark Carney did at Davos. George and Ed use their past experiences writing and delivering speeches to debate whether Carney's speech was inspiring because of what was written, or how and where it was said.


    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

    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.

    Show More Show Less
    42 mins
  • Has Keir Starmer missed an opportunity on his visit to China?
    Jan 29 2026

    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.

    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

    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.

    Show More Show Less
    54 mins
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