As the Shelbys come to terms with the shocking events of Christmas Day, Tommy endeavours to unite his family. Until the current threat is dealt with, their only safe place is together in Small Heath. Johnny Dogs and Charlie set about arming the locals - everyone is now a Peaky bodyguard. Tommy enlists the help of tough Romany Gypsy Aberama Gold, who wants something unusual in return.

Jessie Eden confronts Tommy about the workers' pay. She warns him that revolution is in the air, and when Tommy doesn't relent she calls his bluff. As the situation plays out, Tommy's factory manager tells him he has one more meeting - with a mysterious businessman from Paris. But what transpires is no ordinary meeting with no ordinary businessman...

The Peaky Blinders are lured by the Italians into a cat-and-mouse chase on the streets of Birmingham, where it becomes clear that Tommy has met his match. Trapped in Small Heath, Tommy tries to console himself with a visit from an old flame but it soon becomes clear that he can't always get what he wants.

As his factory lies idle, Tommy confronts the possibility that the Communists might win and he will be deemed a traitor to his class. Meanwhile, Changretta prepares to spring another trap.