Can anything derail The King’s Speech?

On Baftas weekend, a look at this year’s blockbuster British film.

Last year's Baftas set the tone for the awards season, with five winners of top-tier awards – The Hurt Locker, Kathryn Bigelow, Christoph Waltz, Mo'Nique and Up – going on to glory at the Oscars.

This year, of course, the chatter is all about The King's Speech, which has 14 nominations. But, as the Independent's behind-the-scenes guide to the awards notes, it could suffer from having its votes split betwen the Best Film and Outstanding British Film awards.

The Independent article also offers an interesting analysis of why so few films get all the attention. (This year, it's The King's Speech, Black Swan, True Grit and The Social Network.) Although 207 films were entered in the various categories for the Baftas, the average number seen by the academy's 13,000 voters was 37. Understandably, most people don't have time to watch 400-plus hours of movies in the run-up to the awards, and so the films with the biggest marketing budgets and a critical head of steam benefit from their high visibility.

This year, that means that the top gongs at the Golden Globes were split between The King's Speech and The Social Network; the latter did better at the London Critics' Choice awards, beating the British film four to one. The Screen Actors Guild, meanwhile, gave Colin Firth and his film an award each, with Natalie Portman taking Best Actress and The Fighter the other two movie awards.

The other obvious trend during awards season is the bias against "commercial" films. As the Telegraph notes here, the Harry Potter franchise has had 23 Bafta nominations over the years but only one win (for production design). Similarly, last year's Oscar votes went to the determinedly small-scale Hurt Locker, rather than Avatar. (Say what you like about the blue aliens and the plot that was oddly reminiscent of Pocahontas, but James Cameron did invent a whole new type of film-making . . . )

Not that the Baftas are averse to films that happen to rake in the cash. The King's Speech is about to pass $200m worldwide at the box office, from a reported budget of £15m. (By comparison, The Social Network, with the advantages of a well-known writer and director and a subject that everyone has an opinion on, has taken $220m.)

The Guardian's Andrew Pulver and Xan Brooks report that the success of The King's Speech gives hope to the "lost middle" of the world film industry – movies that are neither giant money-hoovers nor tiny indie flicks. If so, a Bafta triumph would be a huge boost for a sector shaken by the scrapping of the UK Film Council.

The full list of Bafta nominees is here.

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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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.”