EMQs: Is politics worth the family sacrifice?

Some incredible scenes in PMQs this week - in which Chancellor Rachel Reeves was openly crying - has Ed Balls and George Osborne considering just how bad things have got for the Labour government. Mere days after a dramatic climbdown over welfare reform, when the watered-down bill inched over the finish line amid threats of MP rebellion, the bond market slumped over speculation Reeves was facing the sack. Ed thinks it’s been the worst week for Labour governments for a long time, and George thinks that, domestically at least, the government is now adrift. But the show must go on! French President Emmanuel Macron is due for a state visit next week, the first since President Nicholas Sarkozy’s over a decade ago. Put aside the pressing political questions for more important matters - what is Ed going to wear to the big dinner at Windsor Castle? And, believe it or not, this week marks a whole year since the Starmer government took office. No doubt the PM is facing a slew of acute policy challenges, but has his personal approach and his leadership style shifted the course of the 12 months? Producer: Miriam Hall and Jarek ZabaVideo Editor: Danny PapeExecutive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Is the G20 still a force for peace and diplomacy, or just a stage for political performance? Ed Balls and George Osborne kick off this week’s EMQs with a question about nuclear non-proliferation and whether South Africa should push it up the agenda this year.The pair then turns to a question from regular listener Douglas Alexander, Minister of State for Trade Policy and Economic Security. Fresh off publishing the new trade strategy, he asks for George and Ed’s take on what it gets right and whether the Conservatives ever had anything similar.And is there a way to make people see the value in their taxes? Maybe just a little? Ed and George weigh in on one of life’s certainties, thanks to a question from a gold subscriber who received world class care at Great Ormond Street Hospital.To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Daddy’s back in the (White) House! Ed Balls and George Osborne go over the major event of the week - starting with the NATO meeting in The Hague. Allies have agreed to up defence spending to 5 percent, but that’s not what’s grabbing the headlines. More attention has been on new Secretary General Mark Rutte referring to Donald Trump as “Daddy.” The pair consider what’s really at play here, and what Trump’s return to the world stage could mean for the UK.Back home, the government is refusing to say whether the US bombing of Iran violated international law. What’s the strategy in dodging the question? And how long can they keep it up?But it’s not the only issue on their plate. Labour’s big majority is looking a bit shakier as over 120 MPs line up to rebel over welfare reform. Is this Starmer’s first real test? And what does it tell us about who’s really in charge?Plus, Glastonbury gets dragged into the headlines again - this time over Irish rap group Kneecap. Are we in for another culture war summer?To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

What happens when politics clashes with family life? Ed Balls and George Osborne take on big questions this week, starting with Michael Gove’s ex-wife, Sarah Vine, who asks whether David Cameron should have stayed on after Brexit. Her daughter Beatrice wants to know if Ed and George would still choose a political career, given its toll on family and friends.The pair also hear from an anonymous listener fighting for answers about the Mull of Kintyre Chinook crash, and discuss why the documents have been sealed for a century and what that means for the families seeking the truth.Plus, a listener challenges the logic of ring-fencing certain government department in the Spending Review. And fellow podcaster Jimmy McCloughlin asks how AI is really shaking up the economy, and what Ed and George have been using it for lately.To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via PatreonProducer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Donald Trump is keeping everyone guessing on Iran. After Israel’s surprise strike and Tehran’s retaliation, George Osborne brings fresh insight from Washington on how far Trump might really go - and what it means for Britain if he does. Ed Balls asks whether Starmer’s government could say no if the US wants to use British bases for strikes, and the pair unpack the real choices facing UK leaders caught between an unpredictable White House and deepening conflict in the Middle East.Back home, Keir Starmer has announced a long-demanded national inquiry into grooming gangs, after years of failures and political arguments about who knew what and when. Ed and George debate whether this is a moment of accountability or just another U-turn that risks backfiring.And Labour looks set to retreat on taxing non-doms’ worldwide assets, amid signs the wealthy are packing up and moving out of London. Is this the only way to stop an exodus, or another blow to Labour’s big fiscal promises?To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Could a weekly grilling like Prime Minister’s Questions fix US politics? In the wake of Original Sin - Jake Tapper and Alex Thompson’s damning account of Joe Biden’s final days in office - Ed Balls and George Osborne ask whether a PMQs-style showdown could bring more accountability to American democracy. And are there any American political customs they’d import to the UK in return?The pair then flick open their ministerial boxes: what’s it like to carry one, what can one find inside and why has it never been replaced in the digital age for something more user-friendly? A red tablet perhaps? Speaking of opening up, George responds to Michael Gove’s ex-wife Sarah Vine’s claims in her recent memoir “How not to be a Political Wife”  - did he really tell her to borrow some money from her father when she was in a financial bind?Plus - Giles Winn, Special Advisor to the Treasury under Philip Hammond, asks about soft diplomacy in an era of ramped-up military spending. With UCL, he just released a report, The Soft Power impact of The BBC World Service’  - and he wants Ed and George to weigh in. And Christine Farquharson from the Institute for Fiscal Studies asks about the politics of the rise of Sure Start, which she recently evaluated alongside co-authors in this report.To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via PatreonProducer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny Pape Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Rachel Reeves has finally delivered her much-anticipated Spending Review, but has it done anything to shift Labour’s story? George Osborne calls it “continuity Sunak,” arguing that the big spending pledges are less a break from the past and more a continuation of Boris Johnson and Rishi Sunak’s economic path. Ed Balls says Reeves is taking ‘a real gamble’ without ‘any insurance’, boxing herself in with big promises, uncertain growth, and no room to manoeuvre.With defence and the NHS coming out on top, and departments like the Foreign Office facing deep cuts, what does this Review tell us about Labour’s true priorities? And can the party really keep these pledges without raising taxes or breaking its own fiscal rules?Meanwhile, across the Atlantic, Donald Trump is making headlines once again, this time for turning on his old ally Elon Musk and deploying troops into LA over immigration protests. Ed and George assess what it all means for the UK’s relationship with Trump, the future of US-UK diplomacy, and Starmer’s carefully built transatlantic strategy.To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny Pape Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Two Members of Parliament (and a former too!) are seeking Ed Balls’ and George Osborne’s counsel this week. The pair consider the impact of AI, courtesy of a question from Alan Mak, the MP for Havant and the Shadow Secretary of State for Science, Innovation and Technology - who has rung in to ask how emerging technologies can help governments run better. Meanwhile, Jake Richards, a newly elected Labour member, wants their views on immigration policy.And Ed and George are live, unscripted, and face-to-face for the first time - answering questions at the SXSW festival. The pair consider how best to handle a political sacking - would a couple of sherries help? Or should one invest in a coffee machine so you never have to leave the house? They also mull the value of a Politics, Philosophy and Economics (PPE) degree. Plus, they share their favourite political jokes, and the role of humor and satire in the current environment … To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny Pape Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

With just days to go before Rachel Reeves delivers her first Spending Review, Labour is facing an uncomfortable squeeze. NATO wants defence spending ramped up to 3.5% of GDP, but Reeves is sticking to her strict fiscal rules. Can Starmer keep both Washington and voters at home on side - or will the sums simply stop adding up?Meanwhile, Donald Trump is reigniting the trade war - with a 25% steel tariff sending markets wobbling. The UK may have a temporary exemption, but there are warning signs everywhere: surging bond yields, a weakening pound, and talk of a “crack” in the market from Wall Street’s biggest voices. What does it all mean for the UK - and could global turbulence derail Labour’s investment plans before they’ve begun?And Boris Johnson’s back in the headlines. Could he really be planning a political comeback? With Reform UK on the rise and Conservative nerves showing, some see him as a vote-winner. But under Kemi Badenoch’s leadership, would his return solve more problems than it creates?To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Danny PapeExecutive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

When things go wrong - very badly wrong, as with the case of the infected blood and the sub-postmasters scandals - why can’t the state act quickly to compensate victims? Ed Balls and George Osborne consider how the government should best respond, and balance the interests of innocent people as well as taxpayers. Harvard is the latest American university to feel the full force of Donald Trump’s ire, with the US president trying to stop the storied institution from bringing on international students. Could there be benefits for Britain? George thinks the government should act now, without delay, to see if some of the best and brightest could abandon the USA for the UK.And the pair lift the lid on their own political memorabilia collection. Can you guess which former US president George has got a special connection to - thanks to some surprising collectors items?Don’t forget we’re doing our first Political Currency live show - we’ll be taking to the stage on Thursday 5th June 2025 at SXSW London. Want a chance to grab a FREE ticket and a pass to the WHOLE six day business conference, worth £600?! Sign up to be a Kitchen Cabinet member to hear how you can get your hands on a ticket! To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet: 👉 patreon.com/politicalcurrency👉 Apple PodcastsPlease note: Kitchen Cabinet is only available via Patreon.Producer: Miriam HallSenior Producer: Silvia MarescaVideo Editor: Oliver Geraghty Executive Producer: Ellie CliffordPolitical Currency is a Persephonica Production and is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.