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Political Currency

Political Currency

Persephonica 284 Episodes Aug 20, 2026

Ed Balls and George Osborne, former Chancellor and shadow chancellor, take listeners behind closed doors to discuss the decisions that affect the nation's pockets. They explain how good politics follows economics and expose how the powerful become powerless when faced with market forces and political currents. The podcast releases new episodes every Thursday and is a Persephonica production.

Episodes

Sue Gray: Why working under Keir Starmer became ‘unbearable’
Sue Gray: Why working under Keir Starmer became ‘unbearable’ Aug 20, 2026 58:48 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 b
EMQs America special: Best President there never was
EMQs America special: Best President there never was Aug 17, 2026 31:05 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 B
Yvette Cooper: What Starmer got wrong
Yvette Cooper: What Starmer got wrong Aug 13, 2026 58:17 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.&nbsp
EMQs Media special: Did podcasts ruin Keir Starmer?
EMQs Media special: Did podcasts ruin Keir Starmer? Aug 10, 2026 38:02 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 Geo
Kemi Badenoch: Why she won’t make a deal with 'woke' Reform
Kemi Badenoch: Why she won’t make a deal with 'woke' Reform Aug 6, 2026 53:07 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 th
EMQs: Is Britain lazier than America?
EMQs: Is Britain lazier than America? Aug 3, 2026 49:15 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 th
Can Burnham end Britain’s social care crisis?
Can Burnham end Britain’s social care crisis? Jul 30, 2026 1:04:54 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 E
EMQs: The reality of reshuffles
EMQs: The reality of reshuffles Jul 27, 2026 40:03 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 w
Will Burnham’s radical reshuffle work?
Will Burnham’s radical reshuffle work? Jul 23, 2026 1:08:15 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
EMQs: Why don’t politicians apologise?
EMQs: Why don’t politicians apologise? Jul 20, 2026 45:40 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
How Ann Widdecombe’s killing has reshaped British politics
How Ann Widdecombe’s killing has reshaped British politics Jul 16, 2026 1:04:05 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 Nor
EMQs: Why no one will end the triple lock
EMQs: Why no one will end the triple lock Jul 13, 2026 42:24 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

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