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 knowled
Money saving expert Martin Lewis sends in a question for Ed Balls and George Osborne this week, all about the tiny fixes. He tasks the pair with contributing to his new Small Ideas Initiative, proposing their own solutions to the most annoying problems in Britain. Ed goes for football tickets, while George hits on driving tests. They then turn to a former FT colleague of Ed’s, who asks whether the biggest decisions a chancellor makes happens between budgets. They weigh up the case for and against this, hitting on some of the biggest economic moments in recent decades. A fan from Instagram…
Party conference season is over, and it went out with a bang. The Greens have been engulfed by controversy over Zionism, and the Tories have been repositioning as the leading party on the right. Ed Balls and George Osborne delve into what the troubles for the Greens means for Labour, who now couldn’t do a deal in the event of a hung parliament. George argues the Greens are now diminished post-Starmer, and have lost their purpose amidst various controversies. Fortunes are higher for the Tories, with Kemi Badenoch cementing her control over the party. The pair praise their mock Bayeux…
A questioner from Instagram takes Ed Balls and George Osborne back 20 years in this week’s EMQs, reminiscing on fringe events at party conferences that drew no audience. They reflect on how to handle hosting a sparsely attended event, and the awkwardness George got into when asked a question about his childhood. Natalie Livingstone, author of the new book The Nuremberg Women, then asks how we can ensure young people continue to learn about the Holocaust and Nuremberg trials. The pair share the importance of incorporating the Holocaust into the curriculum. George also informs Ed of a viral…
The dust has settled on Andy Burnham’s conference speech, and the verdict is positive. However, there are lingering questions. Ed Balls and George Osborne, fresh off their Hot Take, set out to answer the most pressing ones. Is the PM moving too early on the triple lock? Has the National Care Service been thought through? Should he be taking inspiration from George on Brexit? Does all of this play into Reform’s hands? The Tories will be laying the groundwork for their conference this weekend, with Kemi Badenoch attempting to rain on Burnham’s parade. But can she? George lays out the tough…
Andy Burnham’s first Labour conference speech was pitched as a break from your standard conference speech, but did it deliver? Ed Balls and George Osborne went live earlier this afternoon to give their verdict on the speech. How will reform of the triple lock work? Has he sewn up a coalition with the Lib Dems? Is his social care plan too ambitious? All of this and more is answered on this Hot Take episode. 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 or send a question to our…
In a star studded edition of EMQs, Sky News political editor, and rival podcaster, Beth Rigby asks Ed Balls and George Osborne for their biggest party conference cock-ups over the years. George takes us behind the scenes and back to 2007 to a moment that could have ended his and David Cameron’s careers, while Ed recounts the moment that changed British political history. Labour’s party Chair, Bridget Phillipson, asks a more upbeat conference themed question: Which are Ed and George’s favourite speeches? This takes them from Thatcher’s triumphant defence of her policy in 1980, to Tony Blair…
Andy Burnham has finally met Donald Trump, and George Osborne concludes it went as well as it possibly could. He and Ed Balls delve into the two leaders’ meeting in New York this week, and just how Britain navigates the rising tensions around AI in the wake of Australia’s health data breach. George also proposes Trump’s meeting with President Xi could be the start of a global consensus forming on AI regulation. The walls could close in very quickly on Trump, however, as we race towards the midterms in November. Heavy losses could see him lose both chambers of Congress, and render his last…
How do you unite leaders to come together and work for a common goal? Tom Fletcher, who works for the UN on Humanitarian Affairs and Emergency Relief, asks this very question to Ed Balls and George Osborne on this week’s EMQs. As part of the Be Hope podcast takeover, Tom asks the pair how to make a global philanthropic message land in a divided, economically challenged world. Off the back of Ed’s reminiscence about Dolly Parton, someone from Dollywood corrects the record on the civil service’s more pessimistic view of the Imagination Library. She details just how effective the initiative has…
The budget crunch is on for Andy Burnham’s new government, with Ed Balls and George Osborne warning that the economic outlook has got much worse from when the new PM entered No. 10. The Fed raising interest rates, and the Bank of England likely to follow this autumn, create a stark picture for Burnham and John Healey. George reports a lack of confidence internationally, and wonders if the honeymoon period has been wasted. George is just back from Canada, and reports on the confidence stirred up by their PM Mark Carney. Carney has just met Burnham, and is in talks to join the EU as a new…
Veteran journalist John Sweeney starts this week’s EMQs asking Ed Balls and George Osborne why Farage falls out with all his mates. From Rupert Lowe right back to his Ukip days, the Clacton MP has a long list of former friends turned bitter enemies. Is this part of the grit needed to be a successful politician? Or are Farage’s interpersonal challenges stopping him from reaching No. 10? Labour MP Jon Pearce, UK's special envoy for post-Holocaust issues, then asks about Britain’s role in Nazi Germany and how we stay honest about the past. Ed speaks about his work with Eric Pickles, on the UK…
Foreign affairs took centre stage in British politics this week, with Andy Burnham finally showing where he stands. Ed Balls and George Osborne examine the shake-up in rhetoric to Israel/Gaza, but suggest the policy was already planned by the Starmer government. George wonders whether Ed Miliband’s tone was too populist, and whether this was all a play for uniting the left vote. Elsewhere, they examine rising tensions over the Falklands, and just how Burnham will navigate delicate relations with both Donald Trump and the EU. The best laid economic plans can be thwarted by global events, and…
Off the back of our preview of the Bayeux Tapestry, The Rest is History’s own Tom Holland asks Ed Balls and George Osborne about another significant English date: 926. The show is broadcast from inside the British Museum and Tom asks whether we should celebrate this date, commonly thought to be the beginning of England as we know it, and if so how? Two listeners also ask about education; one asks if we can achieve longstanding education reform through cross-party consensus and another seeks advice ahead of going to university in the coming weeks. Renowned biographer of British premiers…
In this week’s episode, George Osborne and Ed Balls broadcast from the magnificent Bayeux Tapestry exhibition at the British Museum - the only podcast allowed in the space. Joined by curator Michael Lewis, they discuss the dramatic diplomacy that saw the delicate masterpiece travel from France to Britain, the real story this 70 metre long tapestry tells and the parallels with politics today. They then turn from 1066 to 2026, with our new prime minister facing the Commons for the first time, they assess Burnham’s early premiership. The pair praise his confidence in the role, but caution he…
In this policy focused edition of EMQs, Ed Balls and George Osborne are thinking about the big ideas to help solve Britain’s big issues. They first consider whether steps should be taken to offer tax incentives for having children, as countries like Hungary have done. Ed and George explain why this is an ineffective measure, but an important debate governments must get on top of sooner rather than later. Fellow podcaster Emily Dean and actor Sarah Hadland then ask the biggest questions: should there be dogs in Parliament? Should they have the vote? If yes, then what about cats!? This sends…
In our final special summer interview, George Osborne sits down with Amol Rajan as he leaves the Today Programme for a new venture. Amol gives George the scoop on his latest endeavour on YouTube and how he sees the media landscape shifting from his old stomping grounds of newspapers, radio, and television. They reflect over his career, touching on rumours of feuds among the Today Programme hosts, to his upcoming role on Celebrity Traitors, and what it's like editing a newspaper in the age of social media. Amol gets into the very meaning of life with George, as they debate the impact AI will…
For our third summer EMQs we’re returning to our What Ifs. Ed Balls and George Osborne first consider how Britain would change had they never entered politics? Would the Bank of England become independent? Would there be a Manchester mayoralty? Or, would it have had no impact? What if George got the US Ambassador gig over Peter Mandelson? The pair consider how George would approach the job differently, blowback from within Labour, and whether Keir Starmer would still be in post without the controversy of Mandelson. They then go back in time to February 1974, where a hung Parliament saw…
The third of our exclusive summer interviews sees Ed Balls sit down with the former Chief of Staff for No. 10 Sue Gray. In her first major interview since her dramatic split from Keir Starmer’s team, she details the lead up to entering Downing Street and just where things went wrong. Gray explains how she tried to prepare Starmer’s team for government in 2023, where things went wrong at the beginning, and what it’s like to be on the receiving end of an internal briefing war. In this tense and emotional conversation, she shares her raw reflections two years on and why things were not working…
This week’s themed EMQs is all about America. Ed Balls and George Osborne reflect on their memories of the US from the Founding Fathers right through to Trump. They first consider whether the MAGA worldview is baked into American politics, particularly on an international level, and will affect things like NATO for decades to come. Amol Rajan, from the Today Programme, then poses an idea for Andy Burnham to borrow from the sitting President: Trump Accounts. This harkens back to New Labour’s child trust funds, which George cut whilst chancellor. Could this idea work again in Britain? Or was…
Our second summer interview sees George Osborne sit down with the new Health Secretary and one of Labour’s most experienced ministers, Yvette Cooper. She was the first minister to take maternity leave and is of course George’s podcasting partner’s other half. They talk about her nearly 30 years as an MP, how politics has changed and what it was like being in cabinet with her husband Ed Balls. They also discuss her new brief, how she plans to tackle Britain’s social care crisis and her plans to prioritise families. She explains how Andy Burnham’s leadership style differs from Keir Starmer’s…
In this media themed episode of EMQs, Ed Balls and George Osborne dip into the archive of questions from the past year to put all things media and politics into the spotlight. Fellow podcasters Jane Garvey and Fi Glover send in a question to find out why there are no interviewers quite like Brian Walden anymore, and whether biographies assisted by AI should be labelled as such in future. Ed and George then look to the past to get some inspiration for the future, with a listener asking which political biographies give us the best indication of just how history may rhyme in the coming years.…
In the first of our summer interviews, Ed Balls sits down with Kemi Badenoch, leader of Conservative Party and Leader of the Opposition. The wide ranging interview begins with her Nigerian upbringing, coming to the UK at 16, and how that informs her immigration policy. Badenoch also details just how different her Conservative party is from not only Labour and Reform, but also the party that lost the 2024 election. How has watching the fall of four Tory prime ministers shaped her leadership? And how does it stand apart from the ‘victim mentality of Farage and the left? She goes on to explain…
Grimsby MP Melanie Onn sends in a question for this week's EMQs, querying why George went straight to Grimsby as a challenge for devolution in a recent episode. The pair delve into challenges facing Andy Burnham’s devolution agenda, and how past governments have failed and succeeded in addressing these disparities. A listener then poses a question: is Britain lazier than other countries? And, is that stalling our growth? George and Ed compare our outlook to work in comparison to superpowers like China or the US, as well as our European counterparts. George even tells a story of a…
Week two of the Andy Burnham premiership has come with a honeymoon and polling bounce. Ed Balls and George Osborne look at how he’s returned to a more collaborative approach with his cabinet, and the comms strategy which has seen pork scratchings become an international talking point. But what bigger political strategy is Burnham building? Despite protestations, is he still weighing up a General Election while his opponents are down? George felt many of Burnham’s initial policies were ‘small beer’ and lacked a big feeling. That wasn't the case this week with massive reforms to education and…
South Yorkshire Mayor Oliver Coppard is our first questioner on this week’s EMQs, asking whether other MPs will follow in Andy Burnham’s footsteps and leave Westminster to become mayors. Ed Balls and George Osborne speak about the career opportunities that could come with these positions and how they can uniquely prepare you for No. 10 more than any cabinet role can. A civil servant then enquires why Burnham’s reshuffle took so long, and what MPs are thinking during the tense hours that follow one. Ed recounts his own anxiety when first entering government, while George explains the…
A new dawn has broken, with the Andy Burnham premiership finally beginning. Ed Balls and George Osborne dive deep into the packed first week of PM Burnham, from his first words at Downing Street, to his massive reshuffle, and initial policy announcements. Is he being too ambitious out of the gate? Can he do politics differently? Will this really be a circuit breaker for Britain? The big surprise of Burnham’s cabinet is also the biggest role: Chancellor John Healey. Why did he go for the ex-defence secretary rather than presumed frontrunners Ed Miliband or Shabana Mahmood? Ed and George…
This week, Ed Balls and George Osborne hear from a current and former Member of Parliament. Former Tory minister Greg Clark asks if Andy Burnham’s pledge for ‘devolution in every postcode’ is attainable, while Starmer loyalist John Slinger puts forward his proposals for a ‘youth triple lock’ to improve prospects for young people in the UK. Should there be guarantees on above-inflation maintenance loans and free bus travel? And should there be youth advisors in all government departments? Ed and George praise the initiative behind the idea. The pair also hear from a London cyclist frustrated…
The shocking killing of Ann Widdecombe has set a sombre tone in British politics in the last week. Ed Balls and George Osborne delve into the political implications of this tragedy, examining the changing police messaging and debating what the solution for protecting politicians should be. They also share memories of Widdecombe, who they both worked with throughout the years. ‘The King of North’ (Andy Burnham) is set to enter Downing Street on Monday, after receiving the backing of over 90% of Labour MPs. But what is he going to do? The unknowns of the incoming Burnham premiership has…
Hot off Centrist Dad’s sellout show last week, two listeners at the gig have sent in questions. Our Kitchen Cabinet winner, Douglas Law, asks a question on the mind of every junior Labour MP right now: will Burnham promote them? Ed Balls and George Osborne explain what ministers must do to secure a promotion in government, and what Burnham will look for. Then, they answer a question that has plagued every recent government: can you end the triple lock? Despite its salience amongst some, George argues why it is neither politically or fiscally sensible to do so. Ed more or less agrees, though…
The Nigel Farage donation scandal reached a breaking point on Tuesday when he took the extreme step of triggering his own by-election. But was this a shrewd move or has it backfired? Ed Balls and George Osborne examine the risks to Reform, how Kemi Badenoch may use it to her advantage, and whether Count Binface could really be Clacton’s next MP. While some see Farage as future PM, the next man set to lead the country remains Andy Burnham. With nominations opening for Labour leader today, and no other candidate in the race, it’s all set to be a coronation. But is this a good thing? George’s…
The proposed holiday tax from the King’s speech is a subject of controversy in the hospitality sector, and on this week’s EMQs Ed Balls and George Osborne speak to these concerns. Does this drive away tourism? Or, can they follow in the footsteps of other European cities and help inject funding into these destinations through the extra cashflow? Then, they delve into the lack of employment rights for ministers. They explain why discrimination laws don’t apply to heads of office and debate the possible route if a minister was harassed at work and wanted to take it further. A question to Ed…
About 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 knowled
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