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 Labour MPs to recognise Palestine, Ed and George ask how long Starmer can hold his ground - and whether the pressure will become so intense it will force a change.

Meanwhile, Donald Trump is heading to Scotland to open a new golf course - but this visit isn’t just about sport. Scheduled private talks with Keir Starmer and John Swinney could have serious implications for trade and Middle East diplomacy. How should Starmer handle this high-stakes meeting?

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Credits:

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editors: Danny Pape & Maha Albadrawi

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

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

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 museums to breakfast TV and Strictly Come Dancing - have changed how they see politics. Would they govern differently if they ever returned?

Also this week: do the markets now have more power than elected governments? What should we expect from ministers on annual leave? And is there ever a good reason to read self-help books such as The 48 Laws of Power?

Plus, what really happened in that lift in China with George Osborne and Boris Johnson?

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

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Please note: Kitchen Cabinet is only available via Patreon.

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Danny Pape

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.

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 the alarm on banks issuing their own stablecoins. Is the UK risking being left behind on innovation in the financial services world? George doesn’t want the UK to risk falling behind, but Ed thinks George as Chancellor would have sounded a very different note on crypto.

And The UK and France have just signed the Northwood declaration, a new nuclear pact. So what does it signal about the state of French-British relations?

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

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Please note: Kitchen Cabinet is only available via Patreon.

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Danny Pape

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.

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 coalition of social liberals and economic conservatives? Or has that alignment passed its sell-by date? Ed and George debate whether One Nation Conservatism still has legs, or if the party is heading in a Reform-lite direction. Plus, what should Labour do next to avoid complacency after its 2024 landslide?

And finally, parties of a different kind. A listener asks about the best parties they’ve ever been to. George plays it coy, but Ed eventually gets the details out of him - including a story or two from Madonna’s legendary Oscars after party…

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

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Please note: Kitchen Cabinet is only available via Patreon.

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Danny Pape

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.

There was a lot of ceremony and back-patting this week as Emmanuel Macron visited the UK. But behind the smiles, thorny issues like migration and post-Brexit power dynamics are back on the table. George and Ed ask what this renewed Franco-British ‘friendship’ really means, and whether it signals a serious reset or just more political theatre.

Also this week, the pressure is piling on Rachel Reeves. With the UK’s finances looking shakier and the OBR sounding the alarm, the debate over a wealth tax refuses to go away. Can Labour stick to its fiscal rules without making tough choices?

And finally, another new political movement enters the fray. Jeremy Corbyn and Zarah Sultana are launching a new left-wing party, while Elon Musk teases his own ‘America Party’ across the Atlantic. Ed and George ask, are we entering an era of DIY politics, driven by personality more than policy?

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

👉 patreon.com/politicalcurrency

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Please note: Kitchen Cabinet is only available via Patreon.

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Danny Pape

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.

What is a fair way to govern? In response to a long time listener who feels a victim of his own success – disproportionately hit by taxes and ineligible for certain benefits – Ed Balls explains three different philosophical concepts of ‘fairness’. George Osborne meanwhile dismisses wealth tax as a catch all solution, underlining how the Labour government must look to the broader population.

Listeners are reflecting on Keir Starmer a year into his premiership, with some wondering about his core set of beliefs (or lack thereof) and others questioning their decision to lend him their vote. What can the PM do to inspire these wavering voters?

Ed and George also note institutional differences in the role academics play in government. Why is an economic academic more likely to find a role in the US government or the Bank of England then in the UK cabinet?

And who are the UK’s Machiavelli-like politicians of recent times? Boris Johnson is dismissed as a candidate but Ed Balls nominates someone closer to home, suggesting that George Osborne may have pulled more strings in the Cameron government than we appreciated.

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

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Please note: Kitchen Cabinet is only available via Patreon.

Producers: Miriam Hall and Jarek Zaba

Video Editor: Danny Pape

Executive Producer: Ellie Clifford

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

Some incredible scenes in PMQs this week - in which Chancellor Rachel Reeves was openly crying - has Ed Balls and George Osborne considering just how bad things have got for the Labour government. Mere days after a dramatic climbdown over welfare reform, when the watered-down bill inched over the finish line amid threats of MP rebellion, the bond market slumped over speculation Reeves was facing the sack. Ed thinks it’s been the worst week for Labour governments for a long time, and George thinks that, domestically at least, the government is now adrift.

But the show must go on! French President Emmanuel Macron is due for a state visit next week, the first since President Nicholas Sarkozy’s over a decade ago. Put aside the pressing political questions for more important matters - what is Ed going to wear to the big dinner at Windsor Castle?

And, believe it or not, this week marks a whole year since the Starmer government took office. No doubt the PM is facing a slew of acute policy challenges, but has his personal approach and his leadership style shifted the course of the 12 months?

Producer: Miriam Hall and Jarek Zaba

Video Editor: Danny Pape

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.

Is the G20 still a force for peace and diplomacy, or just a stage for political performance? Ed Balls and George Osborne kick off this week’s EMQs with a question about nuclear non-proliferation and whether South Africa should push it up the agenda this year.

The pair then turns to a question from regular listener Douglas Alexander, Minister of State for Trade Policy and Economic Security. Fresh off publishing the new trade strategy, he asks for George and Ed’s take on what it gets right and whether the Conservatives ever had anything similar.

And is there a way to make people see the value in their taxes? Maybe just a little? Ed and George weigh in on one of life’s certainties, thanks to a question from a gold subscriber who received world class care at Great Ormond Street Hospital.

To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:

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Please note: Kitchen Cabinet is only available via Patreon.

Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Oliver Geraghty

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.