Political Currency

We’re one week from the Gorton and Denton by-election, which could prove another brutal blow to Keir Starmer’s already unstable premiership. Could Reform gain another MP or will this be the Green Party’s first by-election victory? And is a Labour hold out of the question? Ed Balls and George Osborne explore the state of play for the parties, including the U-turn on postponing 30 local elections, the Labour Together scandal, and Reform unveiling their ‘shadow cabinet’. Then, following last weekend’s Munich Security Conference, the pair turn their attention to further calls for Europe to increase defence spending. The question for the UK is: can the Treasury afford the proposed 3% defence spending by the end of the parliament? And would the British public accept spending cuts needed to hit that target? Finally, George gives the inside scoop on the AI Impact Summit in India. He explains what opportunities and concerns are being addressed by world leaders, as well as why it represents an achievement for Britain. 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.

Is it in the best interest of opposition leaders to see weak Prime Ministers resign? In this week’s EMQs Ed and George debate whether it benefits the opposition to depose a vulnerable Prime Minister. What are the consequences if their successor is a better leader? What comes first for the Leader of the Opposition - the country, or the party? And - can just anyone become Prime Minister? Do party leaders need to be MPs or might Britain see its own Mark Carney emerge? The pair discuss historical examples in favour of and against this notion and how it could happen again. They then weigh up an even bigger question: has the podcast turned them into influencers? With so many high profile people in the political world tuning in, are they taking notes on what Ed and George say? Finally, Sky News political reporter Ben Bloch chimes in with a response to our question last week about what would happen in the event a PM was incapacitated. He consulted the Labour Party rule book, and it got him wondering if Britain should adopt a US style line of succession for government. Is it time to codify the unwritten rules? 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 & Eve Jones 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.

Keir Starmer’s standing has gone from bad to worse this week, with the Peter Mandelson scandal giving way to a series of resignations in No. 10 and the Scottish Labour leader openly calling for Starmer to go. Ed Balls and George Osborne look at what might be Starmer’s worst week yet, and assess if he can survive or if we’re reliving the final days of Boris Johnson, and Theresa May. Away from Westminster, the Munich Security Conference begins this weekend, which means we’re one year on from JD Vance’s consequential address in which he claimed the greatest threat to the continent came from within. Has that speech set the tone for the Trump administration’s relationship with Europe? What reverberations has that had for the UK? How will European leaders manage in a world without America as a reliable ally? Finally, they tackle one of the great debates in British politics: what do you do about the Palace of Westminster? The British parliament has been crumbling for decades and the dilemma of how to fix a working government building has been a live issue since Ed and George first the Commons. As the issue is delayed, the costs continue to rise. They ponder the solution to this while reminiscing about crumbling offices, leaks and mice running across their feet. Is it in the British public’s interest to spend billions refurbishing the Palace of Westminster? 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, & Eve Jones 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.

What would happen if Keir Starmer were incapacitated? Who would be acting prime minister - David Lammy, Lucy Powell, or someone else entirely? And how does scandals and replacing cabinet ministers work with no clear line of succession? Ed and George debate the uncertainties of the parliamentary system in this week’s EMQs. They also look at the burgeoning crisis around student loan repayments, reflecting on their own roles in governments that helped get us here, and and on the consequences of successive governments ignoring an issue of such magnitude. A civil servant asks just what MPs mean when they talk about ‘civil service reform’, and the reveal why ministers are always complaining about it. Finally, one of Ed’s former students puts them to the test - why do new MPs not receive training on essential policy areas when they arrive in Westminster. They use the experience of new MP Jake Richards and compare it to their own from 20 years ago. 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.

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.

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.

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.

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.

In the first EMQs of 2026 Ed Balls and George Osborne answer the most important question for any politician: what was your snakiest move? The pair share each of their proudest (and least proud) moments of cunning, as well as some hard-won advice on when being snakey can pay off. They then turn to a question missed from our last ‘What If’ episode from Australian cabinet member Chris Bowen, who wonders what would happen if John Smith had lived. What would have become of Tony Blair, Gordon Brown, and, most importantly, Ed? George’s old Downing Street colleague Craig Oliver also asks a question concerning the gap between establishment and public opinion on AI which allows George to flex his new OpenAI knowledge. Finally, they answer the question on everyone’s minds: what was their favourite song from the Eras Tour? 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 and 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.

2026 has begun dramatically, with Donald Trump ordering an attack on Venezuela, plus has had aggressive rhetoric against Greenland and other parts of Latin America. Ed Balls and George Osborne discuss how leaders in Europe should respond. Why has the US set their sights on securing Greenland? Is Keir Starmer’s careful response the right approach? And just how much is Trump being motivated by oil? As Donald Trump sets the tone internationally, Keir Starmer is under pressure to make his latest domestic relaunch cut through. By focusing on the cost of living, can the government tap into one of the British public’s key policy concerns? Or is this mission too broad, and a hostage to fate? Finally, the pair examine whether Labour is becoming the U-turn government… From farmer’s inheritance tax, to a potential U-turn on pubs’ business rates, is it a timely course correction? Or does it give the impression that the government doesn't know what they are doing? 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 and 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.

What if the Brexit vote was flipped? Would George Osborne actually be our… former Prime Minister? And what would have happened during the Covid-19 outbreak in that case? George Osborne and Ed Balls are back with another ‘What if’ episode, thinking about some of the most consequential sliding doors moments in modern politics. Looking further back, what if it was actually Neil Kinnock who had won the 1992 election? How might Black Wednesday have played out under a Labour government? Finally, they imagine a showdown between Obama and Trump for a third term in 2028. Can Trump really stand constitutionally? Would it be wise for the Democrats to run Obama or is there a better candidate to beat Trump? Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug. 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. 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. Credits: Research: Sam Burton Production: Paige Reynolds and 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. Hosted on Acast. See acast.com/privacy for more information.

Education secretary Bridget Phillipson joins George Osborne on the podcast this week for a special conversation, giving him another sit down with a rising cabinet member after his interview with Wes Streeting in the summer. The pair talk about the challenges of entering government and whether Labour (or any party) still prioritises education, education, education. They debate the effectiveness of scrapping the two-child benefit cap versus reviving plans like Sure Start, and what to expect from the education department in 2026. They also talk about Phillipson’s deputy leadership campaign, how she felt about being ‘No. 10’s candidate’, and whether she would contest any future leadership bids… Finally, they turn to the challenge on every Labour MP’s mind: Reform. Phillipson’s Sunderland constituency is at the heart of the Reform challenge to Labour, which means she is acutely aware of the looming threat. How can her party can beat Nigel Farage? Don’t forget to vote for us as the Political Podcast Awards People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ And 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. Subscribe now for ad-free listening and early access. Kitchen Cabinet members also get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug. Sign up today. 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Paige Reynolds and 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. Hosted on Acast. See acast.com/privacy for more information.

Pop the champagne, Ed and George are feeling Christmassy in the Political Currency studio, answering some very special questions. Claudia Winkleman asks who the ultimate political traitor is? Who do they pick for 2025… and of all time? Plus, our listeners ask Ed and George about the gifts they have bought for their loved ones - did George ever get David and Sam Cam any wallpaper… and also what books they’d recommend as stocking fillers. Rob Rinder asks George whether he really thinks he could have done better than Ed on Strictly Come Dancing. And he also asks a more serious question: why do they think anti-semitism has been on the rise? Then, seeing as it’s the season, a listener asks about Ed and George’s favourite Westminster pubs and finally, it’s Ed’s time to shine as a listener asks for his ultimate Christmas recipes. Thank you so much for all your support in 2025. We have loved hearing from you and we can’t wait to hear more of your questions in 2026. Send them to questions@politicalcurrency and make sure to include a voice note of your question. Don’t forget to vote for us as the Political Podcast Awards' People’s Choice of the Year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Paige Reynolds and 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. Hosted on Acast. See acast.com/privacy for more information.

Can Sir Ed Davey really take the fight to the right when it comes to the next election? In this special episode of Political Currency, Ed Balls speaks to the Liberal Democrat leader - and his politician of the year from 2024. In this wide-ranging conversation, the two Eds talk about Ed Davey’s passion for care provision and his deeply personal connection to the issue. Ed Balls also asks Ed about his time in the Coalition government with George Osborne and they reflect on their shared school days - including time spent out of the classroom. But will Ed Balls finally return the history notes he lost? Plus, with Nigel Farage’s Reform rising up the ranks, Ed Balls asks Ed Davey if he would go into a coalition with Nigel Farage at the next general election. Don’t forget to vote for us as the Political Podcast Award’s People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ And 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. EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/politicalcurrency Try it risk-free now with a 30-day money-back guarantee! Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug: tr.ee/gift-pc 👉 patreon.com/politicalcurrency 👉 Apple Podcasts Please note: Kitchen Cabinet is only available via Patreon. Credits: Production: Paige Reynolds and 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. Hosted on Acast. See acast.com/privacy for more information.

What’s the most embarrassing moment you’ve ever had caught on camera? Good Morning Britain’s Susanna Reid asks George and Ed to walk down an excruciating memory lane. And she puts a question from ChatGPT to them, in light of George’s new gig. But which question is better? George reveals William Hague’s incredible method for making sure meetings run on time and Ed helps a Gold listener finally understand the joke at the front of the show? Why on earth would George think he was on the Titanic? A listener shares their experience as a Jewish person in the UK, after the attack on Bondi Beach. And, Nick Thomas-Symonds, cabinet member and famed biographer of Harold Wilson compliments George on his impression of the former Prime Minister - though makes a slight correction. He wants to know when Ed and George think the leaders they served were most resilient. Finally - seeing as it’s nearly Christmas - Ed and George muse on where Santa does his Christmas shopping… Don’t forget to vote for us as the Political Podcast Award’s People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ And 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. Plus, why not give the gift of Political Currency this Christmas! Kitchen Cabinet members get a Christmas card from Ed and George, a Political Currency mug and even more exclusive perks including our newsletter and access to live events. Sign yourself or a loved one (or an enemy) up today: tr.ee/gift-pc Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Paige Reynolds and Eve Jones Video Editor: Maha Al-Badrawi 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. Hosted on Acast. See acast.com/privacy for more information.

How has 2025 changed the outlook for Britain’s political parties? George Osborne and Ed Balls reflect on the events that have defined public opinion and led to unprecedented changes in the polls. What went wrong for Keir Starmer’s government? Why does Kemi Badenoch’s leadership now look more stable? They also name what could potentially be the four most influential moments of 2026. Are losses in the Scottish, Welsh and local elections inevitable for Labour? Will the US mid-terms signal a resurgence or decline for Donald Trump? Could US-China state visits present an opportunity for a stronger relationship between the countries? And just how significant will the first OBR forecast since the Budget be, when it arrives in the spring? Finally, Ed and George crown their Politicians of the Year, and take a look back at some of the best, worst, and most surprising political moments of 2025. Don’t forget to vote for us as the Political Podcast Award’s People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ And 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. Plus, why not give the gift of Political Currency this Christmas! Kitchen Cabinet members get a Christmas card from Ed and George, a Political Currency mug and even more exclusive perks including our newsletter and access to live events. Sign yourself or a loved one (or an enemy) up today: tr.ee/gift-pc Please note: Kitchen Cabinet is only available via Patreon. Credits: Research: Sam Burton Production: Paige Reynolds and Eve Jones Video Editor: Maha Al-Badrawi 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. Hosted on Acast. See acast.com/privacy for more information.

George Osborne and Ed Balls reminisce on their most challenging interviewers…school children. George recalls being asked what seven times eight was, while Ed recounts misfires over school lunches. They also speculate on which Tory MP was glad to be sacked by Rishi Sunak… Elsewhere, they look at the peculiar case of the Canadian Conservatives where election loser Pierre Poilievre has continued on as leader, and wonder if there are any British equivalents. This allows George to show off his unexpected Harold Wilson impression. They also question Labour’s continued refusal to consider rejoining the Customs Union, and whether the US/India trade deals are an acceptable substitute. Finally, they give Keir Starmer some benefit of the doubt, as a passionate listener makes the case for Labour’s vision and successes from their first year in 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. EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/politicalcurrency Try it risk-free now with a 30-day money-back guarantee! Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug PLUS a very special Christmas card from Ed and George: tr.ee/gift-pc Credits: Research: Sam Burton Production: Caillin McDaid & Ellie Jay 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.