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Political Currency

Persephonica
Donald Trump
Labour Party
Keir Starmer
Rachel Reeves
Brexit
Conservative Party
UK Economy
Public Spending
Boris Johnson
Gordon Brown
Fiscal Policy
David Cameron
Kemi Badenoch
Nigel Farage
Politics
NHS
European Union
British Economy
Ukraine
UK Politics

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 b... more

PublishesTwice weeklyEpisodes331Founded3 years ago
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Artwork for Political Currency

Latest Episodes

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 o... more

YouTube

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, w... more

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... more

YouTube

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, particular... more

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Recent Guests

Richard Hussey
Professor of Modern British History at Durham University
Durham University
Episode: EMQs What If: Ed and George had never entered politics?
Sue Gray
Former Downing Street Chief of Staff under Keir Starmer; senior civil servant
Public service sector; former Cabinet Office Director General of Propriety and Ethics
Episode: Sue Gray: Why working under Keir Starmer became ‘unbearable’
Amol Rajan
British journalist and broadcaster, guest on the show
BBC Today Programme
Episode: EMQs America special: Best President there never was
Yvette Cooper
Member of Parliament with long cabinet experience; Secretary of State for Health and Social Care
UK Government / Labour Party
Episode: Yvette Cooper: What Starmer got wrong
Jane Garvey
Co-host of Off Air with Jane and Fi
BBC/Off Air podcast
Episode: EMQs Media special: Did podcasts ruin Keir Starmer?
Fi Glover
Co-host of Off Air with Jane and Fi
BBC/Off Air podcast
Episode: EMQs Media special: Did podcasts ruin Keir Starmer?
Kemi Badenoch
British Conservative Party politician, MP for Saffron Walden since 2017, former minister and cabinet member
Conservative Party
Episode: Kemi Badenoch: Why she won’t make a deal with 'woke' Reform
Oliver Coppard
Mayor of South Yorkshire
Local Government
Episode: EMQs: The reality of reshuffles
Lucinda Clayton
Audience member who asked questions on pension policy
Audience/Listener
Episode: EMQs: Why don’t politicians apologise?

Hosts

Ed Balls
Host of Political Currency; former UK Chancellor; experienced Labour politician with policy and economic expertise; frequently discusses public spending, taxation, and macro policy.
George Osborne
Co-host; former UK Chancellor; long-standing political figure with deep experience in economics and policy, often analyzes fiscal matters and governance.

Reviews

4.3 out of 5 stars from 3.7k ratings
  • The Rest is Balls

    Clearly ‘inspired’ by The Rest is Politics, this is another podcast bringing together the occasionally opposing views of two centrist former politicians, one a little bit left, the other a little right. In this case it’s also infused with a mild air of self-congratulation, which is perhaps unavoidable with the presence of the oleaginous George Osborne, and reality TV personality, Ed Balls.

    Because both presenters were chancellors (one shadow), there’s a leaning towards an economic viewpoint, wh... more

    Apple Podcasts
    2
    MinimumSafeDistance
    United Kingdom16 days ago
  • Probably the best political analysis (with caveats)

    Okay so they are both massively full of themselves in that particular Gen X way (you essentially rode a wave guys) but they are still less arrogant than Rory Stewart…..

    Their analysis is generally excellent and pitched at exactly the right level (no dumbing down). Probably the best political analysis alongside Steve Richards.

    What puzzles me about Osborne is he seems like a nice enough guy, obviously highly intelligent, but seems genuinely unaware regarding the impact of austerity on human liv... more

    Apple Podcasts
    5
    park106
    United Kingdom17 days ago
  • So not tribal - hooray !

    Really enjoy these podcasts - always engaging and informative and , rarely for political podcasts, humour. You’re my favourite!

    Badenoch is very impressive. Vg interview with Ed.

    Apple Podcasts
    5
    Issy55
    United Kingdom24 days ago
  • Ed Balls

    Never thought I’d say this but Ed Balls really lets this podcast down. Increasingly he interrupts, is belligerent, doesn’t listen and repeats the same points ad nauseum. He derails a lot of George’s points and the overall momentum of the podcast.

    Apple Podcasts
    1
    Windsor391
    United Kingdoma month ago
  • Tired of George

    Tired of George’s constant smart arse comments every time Ed starts to speak. It’s the sort of behaviour seen in the school playground or in a classroom when a child is trying to appear clever and superior. Grow up George - there’s no doubt what you have to say is interesting, please consider your approach.

    Apple Podcasts
    1
    Lexie 77
    United Kingdoma month ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Insightful and balanced political analysis with engaging banter.
High-caliber dialogue, though some listeners perceive bias or smugness at times.
Occasional critique of host dynamics; strong take on economics and policy.
Great guests and accessible explanations of complex topics.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

EMQs Media special: Did podcasts ruin Keir Starmer?
Q: What are the one or two best political or economic autobiographies to understand the current UK landscape?
The hosts recommend a mix of autobiographies and biographies, such as Nigel Lawson's 'The View from Number 11' for financial governance, Paul Gascoigne's autobiography for a contrastive narrative, and Winston Churchill's 'My Early Life' as a long-standing, influential read. They also discuss the value of the Paul Gascoigne book co-authored with Victoria Williams and the importance of accessibility and credibility in writing.
EMQs: Is Britain lazier than America?
Q: Just explain what a shadow cabinet election is. Not everyone will know, right?
The shadow cabinet elections were a historical practice in which MPs voted to elect the shadow cabinet, a system ended in 2011 by reform that moved selections to the party leadership and parliamentary party, changing how top opposition roles were filled.
EMQs: The reality of reshuffles
Q: What line exists between personal conscience and constituency pressure for MPs who opposed gay marriage initially?
Many MPs faced strong constituency pressure, but the guests argue that MPs should stand by their convictions or be prepared to explain their votes publicly, with some eventually changing their positions as public opinion and leadership guidance aligned.
EMQs: The reality of reshuffles
Q: How has the mood in Downing Street been during the equal marriage push, and was it politically hot to pursue?
The mood shifted from cautious to supportive as public opinion moved in favor; the leadership determined it was the right thing to do, even though it faced significant internal resistance from traditional factions.
EMQs: Are holiday taxes a threat to tourism?
Q: What were the rules around ministerial employment rights and why are ministers treated differently from typical employees?
Ministers are office holders, not employees of the Crown, which means they have historically had minimal statutory employment protections; most protections come from parliamentary and ministerial codes rather than typical employment law.

Audience Metrics

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Frequently Asked Questions About Political Currency

What is Political Currency about and what kind of topics does it cover?

Two veteran UK politicians-turned-proadcasters explore counterfactuals, policy trade-offs, and the mechanics of governance through candid dialogue, data-driven debate, and guest prompts. Across episodes, they blend economic context with political strategy, often focusing on fiscal policy, public services, devolution, and media dynamics, while inviting questions from listeners and experts to illuminate how leadership choices shape national outcomes. A distinguishing trait is the mix of sharp analysis with accessible, banter-rich conversation, plus guests who bring government, journalism, academia, and regional perspectives to the table. Potential listeners can expect trenchant policy insights delivered in a high-signal, low-pretense format t... more

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Which podcasts are similar to Political Currency?

These podcasts share a similar audience with Political Currency:

1. How To Win An Election
2. The News Agents
3. The Rest Is Politics: Leading
4. Electoral Dysfunction
5. Political Thinking with Nick Robinson

How many episodes of Political Currency are there?

Political Currency launched 3 years ago and published 331 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Political Currency?

Recent guests on Political Currency include:

1. Richard Hussey
2. Sue Gray
3. Amol Rajan
4. Yvette Cooper
5. Jane Garvey
6. Fi Glover
7. Kemi Badenoch
8. Oliver Coppard

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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