Coming soon: The New Statesman Century

Weidenfeld & Nicolson's 100th anniversary book will feature contributions from George Orwell, Virginia Woolf, John Maynard Keynes and Hugh Grant.

 

From Weidenfeld & Nicolson: 

Weidenfeld & Nicolson to publish

THE NEW STATESMAN CENTURY

Alan Samson, Publisher Non-Fiction, has bought World Rights from Sophie Lambert of Tibor Jones & Associates for THE NEW STATESMAN CENTURY  edited by the magazine ‘s own editor, Jason Cowley. The book will be published by W&N in August 2013 to mark the magazine’s centenary year.

THE NEW STATESMAN CENTURY will celebrate 100 years of stellar and influential journalism with a fascinating selection of the most interesting, groundbreaking and amusing writing to have appeared in the magazine.  Contributors include George Orwell, WB Yeats, HG Wells, Virginia Woolf, Graham Greene, Christopher Hitchens, Gabriel Garcia Marquez, Richard Dawkins and Hugh Grant.

No British periodical or weekly magazine has a richer and more distinguished archive than the New Statesman, which has long been at the centre of British political and cultural life.  If not quite at the centre, then at the most energetic, subversive end of the progressive centre-left.  

Most of the great political and cultural writers of the last 100 years or so have written for the New Statesman.  Many have been on its staff or were associates of it: HG Wells, George Bernard Shaw, John Maynard Keynes, V.S. Pritchett, Paul Johnson, Christopher Hitchens and John Gray.  Many of the radical causes of our times were launched in association with or in the pages of the New Statesman -.  for example, the Campaign for Nuclear Disarmament (CND) and Charter 88.  There is, too, a rich history of illustration and cartoons to draw on, from Low's sketches of the great and the good to the gonzo art of Ralph Steadman and Will Self's early comic strips.

The book is much more than an anthology.  It tells the story of the New Statesman century, from the eve of the First World War to the long aftermath of 9/11 and the Great Recession through which we are still passing.  It looks forward as well as back, offering a unique and unpredictable perspective on a tumultuous century.

Jason Cowley said: “We are delighted to be collaborating on this project with Weidenfeld & Nicolson, a publishing house as distinguished and venerable as the New Statesman itself. The book should delight anyone with an interest in good writing, and the history, politics and literature of a tumultuous century.”

Jason Cowley is a journalist, magazine editor and writer.  He became editor of the New Statesman in October 2008. Before that he was the editor of Granta magazine and a senior editor and writer on the Observer. In 2009 and 2011 he was named editor of the year in the Newspaper and Current Affairs Magazines category at the British Society of Magazine Editors awards. He is the author most recently of a memoir, The Last Game (2009).

Published by W&N in August 2013 at £20 in hardback and £10.99 in eBook. For further information please contact Helen Richardson on 0207 520 4449 or email helen.richardson@orionbooks.co.uk

Getty
Show Hide image

In your 30s? You missed out on £26,000 and you're not even protesting

The 1980s kids seem resigned to their fate - for now. 

Imagine you’re in your thirties, and you’re renting in a shared house, on roughly the same pay you earned five years ago. Now imagine you have a friend, also in their thirties. This friend owns their own home, gets pay rises every year and has a more generous pension to beat. In fact, they are twice as rich as you. 

When you try to talk about how worried you are about your financial situation, the friend shrugs and says: “I was in that situation too.”

Un-friend, right? But this is, in fact, reality. A study from the Institute for Fiscal Studies found that Brits in their early thirties have a median wealth of £27,000. But ten years ago, a thirty something had £53,000. In other words, that unbearable friend is just someone exactly the same as you, who is now in their forties. 

Not only do Brits born in the early 1980s have half the wealth they would have had if they were born in the 1970s, but they are the first generation to be in this position since World War II.  According to the IFS study, each cohort has got progressively richer. But then, just as the 1980s kids were reaching adulthood, a couple of things happened at once.

House prices raced ahead of wages. Employers made pensions less generous. And, at the crucial point that the 1980s kids were finding their feet in the jobs market, the recession struck. The 1980s kids didn’t manage to buy homes in time to take advantage of low mortgage rates. Instead, they are stuck paying increasing amounts of rent. 

If the wealth distribution between someone in their 30s and someone in their 40s is stark, this is only the starting point in intergenerational inequality. The IFS expects pensioners’ incomes to race ahead of workers in the coming decade. 

So why, given this unprecedented reversal in fortunes, are Brits in their early thirties not marching in the streets? Why are they not burning tyres outside the Treasury while shouting: “Give us out £26k back?” 

The obvious fact that no one is going to be protesting their granny’s good fortune aside, it seems one reason for the 1980s kids’ resignation is they are still in denial. One thirty something wrote to The Staggers that the idea of being able to buy a house had become too abstract to worry about. Instead:

“You just try and get through this month and then worry about next month, which is probably self-defeating, but I think it's quite tough to get in the mindset that you're going to put something by so maybe in 10 years you can buy a shoebox a two-hour train ride from where you actually want to be.”

Another reflected that “people keep saying ‘something will turn up’”.

The Staggers turned to our resident thirty something, Yo Zushi, for his thoughts. He agreed with the IFS analysis that the recession mattered:

"We were spoiled by an artificially inflated balloon of cheap credit and growing up was something you did… later. Then the crash came in 2007-2008, and it became something we couldn’t afford to do. 

I would have got round to becoming comfortably off, I tell myself, had I been given another ten years of amoral capitalist boom to do so. Many of those who were born in the early 1970s drifted along, took a nap and woke up in possession of a house, all mod cons and a decent-paying job. But we slightly younger Gen X-ers followed in their slipstream and somehow fell off the edge. Oh well. "

Will the inertia of the1980s kids last? Perhaps – but Zushi sees in the support for Jeremy Corbyn, a swell of feeling at last. “Our lack of access to the life we were promised in our teens has woken many of us up to why things suck. That’s a good thing. 

“And now we have Corbyn to help sort it all out. That’s not meant sarcastically – I really think he’ll do it.”