Political Currency
Political Currency
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Do Labour want a second EU referendum? | UK Politics | Political Currency

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May 7, 2026

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It's the local elections today and the stakes are as high as they have ever been for Keir Starmer. With Plaid Cymru set to make big gains in Wales and the SNP looking to hold onto power in Scotland, Ed Balls and George Osborne delve into what it means for the future of the UKn. What could nationalist led governments mean for future independence referendums? Does the prospect of a Reform government in Westminster only strengthen nationalists?

The Iran war has continued to devastate the markets and cause economic uncertainty globally. Trump's claims of an end to the war have yet to materialise, and as time goes on it's becoming clear that Britain is being hit worse than any other G7 country. But why is this? Ed and George try to unpack about what this says about Britain's economy and how measures can be taken to mitigate this.

Finally, are we moving to another EU referendum? George thinks there may be a chance. With Keir Starmer's recent moves towards Europe, the pair discuss the political pros and cons and how old debates from Brexit could reappear as part of the next general election.

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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

Scotland Ed BallsGeorge OsborneUKn WhatThe IranWith Keir Starmer'sEd BallsThursday OurMondays Find Political Currency

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Do Labour want a second EU referendum? | UK Politics | Political Currency · Political Currency · Sentinel