Persephonica

Political Currency

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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 become powerless when faced with market forces and political currents they can’t control. Join us every Thursday. Send your messages or voice notes to questions@politicalcurrency.co.uk Find us on socia...

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Persephonica

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News

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Latest episode

Nov 2, 2026

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Episodes

How Labour made a political scandal worse 03.10.2024

Keir Starmer has caved and returned thousands of pounds in freebies given to him by a Labour donor, in an attempt to close a rather embarrassing chapter for the government. But has he successfully hosed it down? Ed Balls and George Osborne consider whether it's a textbook case of what not to do when you have a PR snafu on your hands.  Meanwhile, tensions are escalating in the Middle East. Is...

HOT TAKE: James Cleverly: Next Tory leader? 02.10.2024

Has the Tory leadership contest just been decided? Our man on the ground George Osborne is reporting directly back to Ed Balls from today’s Conservative Party Conference leadership hustings. Is the crown James Cleverly’s for the taking after a storming speech?  Plus, George is joined by Tory watchers-extraordinaire, Michael Gove and Danny Finkelstein, for their post-hustings analysis. Become...

EMQs: What’s your unpopular opinion? 30.09.2024

Ed Balls and George Osborne open up this week on their most ardent, contrarian views. Is reincarnation real? Political reincarnation, perhaps. George shares how his thoughts have moved with the times and how he has reached some fresh conclusions on cannabis   – conclusions with which, it turns out, Ed completely disagrees.  And, they field questions straight from the Labour party confere...

Which Tory will get the Boris blessing? 26.09.2024

Who’s hungry enough to seize the Tory crown? As the Conservative Party Conference nears, the leadership contest is heating up. Of the four hopefuls, who will get the backing of the party’s elder statesmen Michael Gove and Boris Johnson? George knows who Boris wants as leader, and that person isn’t currently in the race…  Labour’s wrapped up its party conference, which was light on announcemen...

CONFERENCE HOT TAKE: Protestors disrupt Rachel Reeves’ speech 23.09.2024

Rachel Reeves took to the stage at the Labour Party Conference in a wet and gloomy Liverpool, hoping to brighten her party’s fortunes. After a tumultuous few weeks for the new government with rows over ‘Keir’s gear’, Sue Gray and the Winter Fuel Payment, the new chancellor hoped to prove that after 14 years of the Tories, Labour were all set to deliver a bright new future. But it was a speech that...

EMQs: How to give a GREAT conference speech 22.09.2024

Rachel Reeves takes to the Labour party conference stage today, but hopefully not before she has chance to listen to Ed Balls and George Osborne’s sage advice on how to give a great conference speech. We take a stroll down memory lane and reflect on some of the most rousing speeches in British party conference political history – from the funny to the formative.  Which MPs have tattoos? Ed an...

Starmer’s big Sue Gray problem 19.09.2024

As Labour feels the heat over Keir Starmer’s freebies scandal, there's a sense of glee in Tory party circles now the "holier-than-thou" party has something of a mess to clean up. Ed Balls and George Osborne mull how the government can reset their image, especially now the Sue Gray pay row is also threatening to rain on Starmer's conference parade .... Across the benches they reflect on the celebra...

EMQs: Media spin, middle classes and memories of conferences past 16.09.2024

Are eloquent middle class people hogging valuable public service resources? Ed Balls and George Osborne debate the case for co-payments to ease the burden. How can both Ed and George be correct on their analyses of the 2010 financial situation? And why do politicians continue to trot out their media spin lines when it’s clear to everyone that they’re not answering the question? Plus, Ed and George...

Can Starmer really fix the NHS? 12.09.2024

The NHS must “reform or die”, says Prime Minister Keir Starmer. Is he channelling his “inner Tony Blair” in a gutsy move on our health service or is this another policy which will end in controversy, much like the winter fuel allowance or early prison releases?  Across the pond, the US Presidential TV debate gave Kamala Harris an edge as she took on Donald Trump for the first time. But perhap...

EMQs: Should you pay if you miss an NHS appointment? 09.09.2024

Booking an appointment with your GP can feel harder than getting your hands on Oasis tickets. So should those who miss their slots be made to pay? Would it create a barrier to entry for vulnerable people in society, or could it open the door to millions more people who are sick of getting stuck in the queue? Ed and George also bring you inside the world of becoming an MP and they top up their summ...

Will Rachel Reeves be forced to U-turn on winter fuel payments? 05.09.2024

Ed and George are reunited to mull over whether Rachel Reeves should make a U-turn on the winter fuel payment furore. Is there an "escape route" she can take? And they examine the government’s decision to suspend some arms shipments to Israel. Was it really “a legal decision, not a policy decision”, as the PM has claimed? Finally, we ask whether central bankers deserve the credit for falling infla...

Summer EMQs: Where are all the great parliamentary orators? 02.09.2024

Where are all the great parliamentary speakers like Gordon Brown, Robin Cook, and William Hague? Ed Balls and George Osborne reflect on fond memories within the chambers like Cook’s resignation. Will the Tory leadership contest bring in any new contenders? Plus, what determines seating order in commons? Can live fact checking during PMQs work? What actually is a three line whip? And how risky is i...

Osbornomics, Oasis, and Opposition 29.08.2024

The summer holidays are over, if Keir Starmer’s speech this week was anything to go by. Is he stepping into Osbornomics strike two? Whilst Ed Balls is still on holiday, George Osborne is joined by Chief Executive of Labour Together, Jonathan Ashworth, to reveal what’s going on behind the scenes as the government returns to Westminster.  In a quick turnaround, Starmer was next spotted in Germa...

Summer EMQs: Who really runs the country? 26.08.2024

Are the civil service the real brains behind the government? What role does a Chief of Staff play? And what on earth do government ministers do all day? Ed Balls and George Osborne are tackling your questions on the ins-and-outs of the daily grind of running the country - from official residences to avoiding gimmicks.  You could have been listening to this episode of EMQs early and ad-free! B...

Are the Democrats celebrating too soon? 22.08.2024

The Democratic National Convention is underway in Chicago with jubilant scenes. Fortunately for us - while Ed Balls is on holiday - George Osborne has persuaded former shadow Paymaster General Jonathan Ashworth to be Political Currency’s eyes and ears on the ground as Kamala Harris looks to become the Democratic Party’s formal presidential nominee. But are spirits just a little too high for what i...

Summer EMQs: Was Austerity a Mistake? 19.08.2024

Should Labour have defended themselves better against the Tory claim that they’d caused the 2010 UK financial position? Ed Balls and George Osborne go head-to-head on who was to blame, and whether austerity was the answer in this special fiscal policy-themed edition of EMQs.  It’s not all debate though - Ed and George explain the concept of ‘running out of money’, and how much of a previous g...

The secret to launching a political career 15.08.2024

It’s results day and while students across the country celebrate their A-levels, BTEC and T-levels, university funding has come back into the limelight. And what’s better than one former education minister? Two! Gillian Keegan is sitting in for George this week, and she and Ed Balls consider the best course of action to make the education sector pay for itself.  Plus, Gillian makes her c...

Summer EMQs: The Political Currency constituency 12.08.2024

Ed Balls and George Osborne answer questions from the EMQs archive - this week, an insider’s guide to a life political. Is a u-turn ever the right thing to do? How does the Prime Minister know whose question to answer at a press conference? And is it fair to say that all politicians are just in it for themselves?  Plus, Ed makes his predictions for the next shock-exit politician to follow in...

Should the Tories stop chasing Reform voters? 08.08.2024

Britain braced itself for widespread rioting and anti-immigration demonstrations, with shops boarding up their storefronts and commuters told to take care on their way home. Instead, a pushback from counter protestors and a heavy police presence largely quelled any violence. Ed Balls and Grant Shapps – who is in the seat for George Osborne – consider how Keir Starmer has handled the situation. Gra...

EMQs: Summer Recess Buddies 05.08.2024

Ed and George are going on a summer holiday… and Ed’s GMB co-host Ranvir Singh wonders, if they had to take a trip with a member of the opposition, who would it be? Whoever Ed chooses will have an interesting outfit to look forward to, as he reveals his holiday get-up to a somewhat stunned George.  We’ve had a question from another member of gazebo man’s family - and this time, his dad wants...

Rachel Reeves: The next austerity chancellor? 01.08.2024

In the wake of the tragic events this week in Southport, and the eruption of riots that followed, Ed Balls and George Osborne consider how MPs should confront violence and disinformation – all while keeping to the rules. George wonders if courts should update reporting restrictions in a social media age, while Ed cautions that no politician ever wants to jeopardise a criminal trial. George is clea...

EMQs: Celebs go politicking 29.07.2024

Could we see celebrities swapping the silver screen, football pitch or concert stage for the hallowed halls of Westminster? Ed Balls and George Osborne recall stars who have previously made the switch – does anybody ever really pull it off? And, our hosts have got Paris 2024 fever as they look back on their favourite Olympic moments from London 2012. As athletes prepare to compete on the world sta...

Starmer, Strictly and Summer of Brat 24.07.2024

The world is braced for a brat summer as Kamala Harris steps in for Joe Biden as the Democratic presidential candidate - George Osborne and Ed Balls consider whether the fevered KHive reaction spells success, or simply masks the very real challenge ahead.  In Labour land, Rachel Reeves is preparing her statement on the fiscal reality the government faces, all in the shadow of seven Labour MPs...

EMQs: Are you ready for ID cards? 22.07.2024

How important is it to have a leader who ‘turns you on”? Are ID cards essential in a new world of AI and deep fakes, or are they a waste of government time and money? And should you be made to vote? Plus, if you’ve got a speech to deliver in the near future, Ed Balls and George Osborne give their best guide to public speaking. You’re welcome. You could have been listening to this episode of EMQs e...

Meet JD Vance, Trump’s VP and George Osborne’s friend 18.07.2024

It was a bonkers week for American politics, on both sides. Team Trump went from an assassination attempt in Pennsylvania to a fiery convention in Wisconsin. Biden’s camp had NATO, fresh calls for him to drop out of the race and a Covid diagnosis to round it off, all in a matter of days. And amongst it all, a fresh political operative came into the limelight: Donald Trump’s newly-named running mat...

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