Why didn’t Nick Clegg become Chancellor of the Exchequer in the 2010 coalition government? Ed Balls and George Osborne take you inside the negotiations that formed the Conservative-Lib Dem coalition in this week’s EMQs. They also discuss why Gordon Brown didn’t make Ed chancellor, and whether it was the original sin of his premiership.

They also discuss the role of academics in policy making, and why American scholars end up more favored than their British counterparts. And, how many U-turns can a government sustain? Ed and George look at the impact of U-turn politics on trust and authority, and discuss how the coalition survived the omnishambles budget?

Finally, the pair consider whether MPs who defect - including recent high profile Tories like Robert Jenrick - should stand down to trigger by-elections. They explain where this has gone wrong historically, and the dangerous precedent it would set for future political rebellions in all major parties.

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.

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Credits:

Research: Sam Burton

Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.

Video Editor: Avi Asher

Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.

Hosted on Acast. See acast.com/privacy for more information.

Fresh off a week of anxiety and uncertainty, George Osborne reports to Ed Balls from Davos to give the inside track on what it was like to see Trump’s address in person and the murmurs from the Alps about what the President really wants. The pair also look at the reactions from Keir Starmer, European allies, and the Mark Carney speech that got everyone talking.

The pair then reflect on Robert Jenrick’s sacking and defection to Reform one week on. Has he truly put national interest above personal interest? Should the two parties come to an agreement to reunite the right of British politics? And could the defection of other Tories such as Andrew Rosindell help Kemi Badenoch change the party for the better?

Ed has also been on the European continent this week, visiting Versailles for the annual Franco-British Colloque. He speaks of his insights into growing acceptance of victory for the far-right National Rally in next year’s presidential election, a rumoured Macron return in 2032, and the need, now more than ever, for a stronger relationship across the Channel.

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.

Thanks for being a valued member of our Kitchen Cabinet or a Gold subscriber. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug.

Please note: Kitchen Cabinet is only available via Patreon.

Credits:

Research: Sam Burton

Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.

Video Editor: Avi Asher

Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.

Hosted on Acast. See acast.com/privacy for more information.

Fellow ex-minister Edward Timpson sends in a question this week, asking Ed Balls and George Osborne how they stayed mentally and physically healthy during their time in government. The pair share their guide for what all ministers should do to remain fit in and out of office.

Shevaun Haviland, Director General for the British Chambers of Commerce, then asks how the ongoing issues with business rates are solved permanently. George explains why this tax is one that causes issues for every government, and the problems inherent to reforming it.

A listener sends in a question from Tokyo, allowing Ed and George to delve into the decades-long standstill of the Japanese economy and the cult-like following new prime minister Sanae Takaichi has gained.

Finally, George explains why it’s easier to make promises in opposition than stick to them in government, revisiting plans by the Tories to downsize government cars before the coalition, and why it didn’t work out that way.

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.

Thanks for listening. To get episodes early and ad- free join Political Currency Gold or our Kitchen Cabinet. If you want even more perks including our exclusive newsletter, join our Kitchen Cabinet today:

👉 patreon.com/politicalcurrency

👉 Apple Podcasts

Please note: Kitchen Cabinet is only available via Patreon.

Credits:

Research: Sam Burton

Production: Caillin McDaid, Caitlin Hanrahan & Sam Psyk.

Video Editor: Avi Asher

Executive Producer: Ellie Clifford

Political Currency is a Persephonica Production and is part of the Acast Creator Network.

Hosted on Acast. See acast.com/privacy for more information.