Business is booming for the Peaky Blinders, as Shelby starts expanding both his legal and illegal operations. He plans for the future, looking at managing a race track in the South. He soon comes across some new adversaries, testing him in very different ways. Back in Birmingham, Shelby's home town is challenged by members of his family reacting to the upturn in their fortunes. A enemy from his past also returns hoping to exact their plan of revenge of biblical proportions.

Tommy offers to help Polly by searching for her children, who long ago were taken from her. In London, Tommy risks his life by meeting enigmatic leader Alfie Solomons. Meanwhile Arthur continues to feel the devastating effects of the Great War.

Arthur leads the Peaky Blinders takeover of London's Eden Club. Sabini decides to put old feuds to one side, convincing Alfie to one side to get rid of the Peaky Blinders. Tommy hires May Carleton to train his race horse, and the pair become fast friends. In Birmingham, Michael joins the family firm, hoping to help Tommy's businesses become more legitimate. Whilst Tommy's insecurities are intensified as he discovers what Major Campbell wants him to do.

Thomas Shelby’s wedding day has arrived at last, but while his guests enjoy the celebrations he has important business to conduct, as a mysterious stranger makes their presence known.

Tommy goes to London to meet the wildly eccentric and volatile Duke Leon and soon discovers the extreme lengths his new paymasters are willing to go to in their quest for power. In Birmingham a personal dispute with the Italians threatens to explode into a devastating war.

Tommy takes his brothers on a hunting expedition and shares some important family news. He also outlines his intentions for the most daring criminal act the Peaky Blinders have ever undertaken.

As the Russians test the Peaky Blinders men in their own distinctive and debauched way, Tommy realises that he is being seriously outmanoeuvred. Desperate for help, he rekindles a business relationship with a dangerous former acquaintance.

As Tommy prepares to commit the most audacious crime of his career, an unexpected blow is struck, putting him under unbearable pressure. As he faces his worst fears he needs help more than ever, but is increasingly uncertain about whom he can trust. In a nerve-shredding race against time, Tommy is forced to confront hard truths about himself and his family that could change the Peaky Blinders forever.

As the Shelbys come to terms with the shocking events of Christmas Day, Tommy endeavours to unite his family and a bold new enemy makes his move.

Tradition weighs upon Arthur as Changretta finds a chink in the Shelby armour and Changretta continues to plan ways to continue the vendetta in the most devastating way possible.

The Peaky Blinders are lured by the Italians into a cat-and-mouse chase on the streets of Birmingham. As his factory lies idle, Tommy confronts the possibility that the Communists might win and he will be deemed a traitor to his class.

Tommy finds himself engaged in bloody battle with Luca Changretta and his gang. Lizzie has even greater news to break. Meanwhile, an army colonel has questions for Ada about her past as a communist, and Jessie Eden confirms just how far she is prepared to go in pursuit of her cause.

It is the night of the big fight - Bonnie Gold versus Goliath. But as the bell rings and the crowd goes wild, dangers lurk in the shadows for Tommy Shelby and his family. When Changretta plays his final ace, he sets in motion a series of events that will change the Peaky Blinders forever.