How has 2025 changed the outlook for Britain’s political parties? George Osborne and Ed Balls reflect on the events that have defined public opinion and led to unprecedented changes in the polls. What went wrong for Keir Starmer’s government? Why does Kemi Badenoch’s leadership now look more stable? 

They also name what could potentially be the four most influential moments of 2026. Are losses in the Scottish, Welsh and local elections inevitable for Labour? Will the US mid-terms signal a resurgence or decline for Donald Trump? Could US-China state visits present an opportunity for a stronger relationship between the countries? And just how significant will the first OBR forecast since the Budget be, when it arrives in the spring?

Finally, Ed and George crown their Politicians of the Year, and take a look back at some of the best, worst, and most surprising political moments of 2025.

Don’t forget to vote for us as the Political Podcast Award’s People’s Choice of the year. Follow the link to vote: https://politicalpodcastawards.co.uk/the-peoples-choice-award/ 

And 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.

Plus, why not give the gift of Political Currency this Christmas! Kitchen Cabinet members get a Christmas card from Ed and George, a Political Currency mug and even more exclusive perks including our newsletter and access to live events. Sign yourself or a loved one (or an enemy) up today: tr.ee/gift-pc

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Credits:

Research: Sam Burton

Production: Paige Reynolds and Eve Jones

Video Editor: Maha Al-Badrawi

Executive Producer: Ellie Clifford

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

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