Political Currency
Political Currency
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Labour’s winter fuel U-turn, Israel trade freeze, UK-EU Deal explained | Political Currency Podcast

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May 22, 2025

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Labour has scrapped its controversial winter fuel tax cut. Ed Balls says Keir Starmer's U-turn risks being “politically and technically messy,” while George Osborne says it’s a damaging fiasco for Labour. What does this U-turn mean for Starmer's government?

Meanwhile, David Lammy has suspended trade talks with Israel amid escalating violence in Gaza. Is this a real shift in UK policy, or just political posturing?

Plus, a look at the new UK-EU post-Brexit deal - did Britain get the right deal? And is it time to rethink banking regulations like ringfencing, introduced after the financial crisis?

And a reminder, 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!

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Producer: Miriam Hall

Senior Producer: Silvia Maresca

Video Editor: Oliver Geraghty

Executive Producer: Ellie Clifford

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

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On the Political Currency podcast, 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. New episodes available every Thursday. Our bonus EMQs - questions episode - drops on Mondays. Find Political Currency wherever you get your podcasts.

Guests & Subjects Covered

Ed BallsKeir Starmer's U-turnGeorge OsborneLabour WhatMeanwhile David LammyGaza IsSXSW London WantKitchen Cabinet

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Labour’s winter fuel U-turn, Israel trade freeze, UK-EU Deal explained | Political Currency Podcast · Political Currency · Sentinel