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Political Currency

Persephonica
Political Currency
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268 episodes

  • Political Currency

    Inside The Room - The Libya Conflict: The Aftermath (Part Three)

    09/04/2026 | 35 mins.
    How can it be ensured countries will face a better future after a large-scale military intervention? It’s a question which applies to both politicians dealing with the war in Iran today, and for politicians dealing with the aftermath of Muammar Gaddafi’s killing in 2011.

    In this third and final part of this series, Ed Balls, George Osborne, and Sir John Sawers reflect on the fallout of the 42-year regime in Libya coming to an end. Who was responsible for post-war failures? Was there a case for putting boots on the ground? And what were the unexpected repercussions for geopolitics?

    They also discuss their immediate reactions to Gaddafi’s death and the shocking way in which he was killed.

    Ed and George then press Sir John on what this all could mean for the ongoing situation in Iran, plus what he really thinks of how Keir Starmer has handled it.

    Thanks for listening. To listen to all three parts of Inside the Room: The Libya Conflict now, join Political Currency Gold or our Kitchen Cabinet. You will also get early and ad-free access to our regular episodes of EMQs. For 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: Monica Lillis, Ayla Krachai, and Sam Burton
    Production support: Tom Jackson
    Production: Caillin McDaid and Nasreen Arain
    Video Editor: Avi Asher and Oliver Geraghty
    Executive Producer: Ellie Clifford and Henrietta Harrison
    Hosted on Acast. See acast.com/privacy for more information.
  • Political Currency

    Inside The Room - The Libya Conflict: The Campaign (Part Two)

    06/04/2026 | 34 mins.
    Planes are in the air and the military intervention in Libya has now begun. But how does the operation progress from here? And what actually happens in a war room?

    In the second part of this mini series, Ed Balls and George Osborne ask Sir John Sawers about how MI6 gathered intelligence to guide the path forwards. He tells the story of leaving William Hague "aghast" by securing a visa for the Libyan foreign minister, who he then flattered with dinner at one of the service’s secure locations in return for crucial information…

    The pair also speak to former deputy national security adviser Hugh Powell about why David Cameron always felt that action was better than inaction, and hear from Cathy Ashton about why the fall of Tripoli was a moment of success for the PM and Nicolas Sarkozy.

    However, with Gaddafi still alive and the UN mandate not accounting for regime change, there was still reason to be apprehensive about the “huge challenge ahead”. Sawers and Powell discuss Gaddafi's skill of staying hidden, why MI6 doesn’t actually have a “license to kill”, and their approaches to negotiations with the dictator in his final weeks – including asking Tony Blair for help.

    Thanks for listening. In our third episode we take you right behind the scenes of the day Gaddafi was killed, and ask who was responsible for the post-war failures… Can’t wait? Subscribe now to get all three parts of Inside the Room: The Libya Conflict. You will also get access to our debrief episode The Inquiry, as well as early and ad-free access to our regular episodes of EMQs.

    For 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: Monica Lillis, Ayla Krachai, and Sam Burton
    Production support: Tom Jackson
    Production: Caillin McDaid and Nasreen Arain
    Video Editor: Avi Asher and Oliver Geraghty
    Executive Producer: Ellie Clifford and Henrietta Harrison
    Hosted on Acast. See acast.com/privacy for more information.
  • Political Currency

    Inside The Room - The Libya Conflict: The Build Up (Part One)

    02/04/2026 | 40 mins.
    As renewed violence erupts across the Middle East, governments have been forced into crisis mode... but when is the right time to intervene, how involved should you get and when, if ever, is it time for 'boots on the ground'?

    It's these dilemmas and more that are currently facing Keir Starmer and other world leaders, but it's not the first time a UK government has had to find answers for such big questions about international intervention.

    Fifteen years ago the civil unrest of the Arab Spring spread to Libya. The violent crackdowns against anti-government protestors that followed sparked seven months of NATO military intervention and led to the killing of Muammar Gaddafi, putting an end to his 42-year dictatorship.

    In this special mini series, Ed Balls and George Osborne are joined by former MI6 Chief Sir John Sawers to discuss the key decisions, missteps, and aftermath of the Libya crisis. We take you inside the war rooms and hear unique insights from John, George and two other officials who saw key decisions being made first-hand: former EU High Representative for Foreign and Security Policy, Cathy Ashton, and deputy national security adviser to the coalition government, Hugh Powell.

    What can the wars of the past can teach us lessons for the wars of today?

    In part one, we look at how the UK government reacted to the escalating situation, why David Cameron and then-French President Nicolas Sarkozy pushed for military action, and the steps that led to the first bomb being dropped… and how it managed to surprise Britain.

    Thanks for listening. In our next episode we take you right behind the scenes of the military action and hear about all of the drama that ensued, including the moment Sir John Sawyers took an informant for a secret dinner…

    Can’t wait? Subscribe now to get all three parts of Inside the Room: The Libya Conflict. You will also get access to our debrief episode The Inquiry, as well as early and ad-free access to our regular episodes of EMQs.

    👉 patreon.com/politicalcurrency
    👉 Apple Podcasts

    Please note: Kitchen Cabinet is only available via Patreon.

    Credits:
    Research: Monica Lillis, Ayla Krachai, and Sam Burton
    Production support: Tom Jackson
    Production: Caillin McDaid and Nasreen Arain
    Video Editor: Avi Asher and Oliver Geraghty
    Executive Producer: Ellie Clifford and Henrietta Harrison

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

    EMQs: Is Wes Streeting a good health secretary?

    30/03/2026 | 36 mins.
    Fellow ex-MP and former health minister Steve Brine sends in a question asking Ed Balls and George Osborne how we judge the performance of a health secretary, and in particular Wes Streeting. They lay out the historical challenges of the role, and where Streeting has risen or succumbed to them thus far.

    A colleague of Ed’s from King’s College then asks how useful it is for benefits to be so conditional, in particular for care leavers. They debate the fairness in having conditional benefits systems, and why people are more sympathetic to care leavers than other disadvantaged groups.

    They then discuss the perks of pedestrianising Bruton, George’s stomping ground, in a manner similar to Paris. Would George lead the campaign to see this through? Or is it an enticing but unrealistic idea?

    Finally, a former Tory parliamentary candidate raises his concerns around Nick Timothy’s controversial comments on a Ramadan event in London. They discuss the dangerous direction these comments represent for both the Tories, and British politics more widely.

    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.

    This podcast is sponsored by Chip. Join 400,000 customers building long term wealth.

    T&Cs apply, you must be a new Chip customer, over 18, a UK tax resident, and it’s app only. Chip is a trading name of Chip Financial Limited. Savings products are provided by Clearbank and are protected up to the FSCS limit. When investing, your capital is at risk.

    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 & Henrietta Harrison
    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.
  • Political Currency

    What on earth happened to Morgan McSweeney’s phone?

    26/03/2026 | 52 mins.
    Nearly a month into the war in Iran, and the White House’s objectives are no clearer. Donald Trump is sending conflicting signals - peace overtures in one moment, threats of further escalation in the next. The consequences of this instability is rippling far beyond the Middle East. Ed Balls and

    George Osborne examine what Trump actually wants, and what his mixed messages might mean for allies like Britain, struggling to keep track.
    At home, Keir Starmer and Rachel Reeves are on the backfoot. With the local elections just weeks away, and both Reform and the Greens on the rise, is the Prime Minister facing down an electoral battering at the polls? Is this the moment Labour's difficulties harden into something more lasting - could the May elections be a dress rehearsal for the next general election? Oh, and what on earth happened to Morgan McSweeney’s phone?

    Finally, from political vulnerability, to political victory. Ed and George reflect on the one year anniversary of Mark Carney’s premiership. How has he managed to turn around the fortunes of the Liberal Party in remarkably difficult circumstances - and what lessons Starmer and other leaders facing similar headwinds might take from his playbook.
    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.

    This podcast is sponsored by Chip. Join 400,000 customers building long term wealth. Also Chip have agreed that just for our listeners, for your first £10,000 deposited into Chip before midnight 20 March 2026, they’ll give you a Fortnum & Mason hamper after holding it for 90 days - just head to getchip.uk/politicalcurrency.

    T&Cs apply, you must be a new Chip customer, over 18, a UK tax resident, and it’s app only. Chip is a trading name of Chip Financial Limited. Savings products are provided by Clearbank and are protected up to the FSCS limit. When investing, your capital is at risk.

    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 Caitlin Hanrahan
    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.

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About Political Currency

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 [email protected] us on social media @polcurrencyPolitical Currency is a Persephonica production. Hosted on Acast. See acast.com/privacy for more information.
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