The Friday arts diary

Our cultural picks for the week ahead.

Music

Gateshead International Jazz Festival, The Sage, Gateshead, 5-7 April

According to its organisers, Gateshead International Jazz Festival is the largest UK festival held under one roof. Headline acts include the National Youth Jazz Orchestra, Lighthouse, Ruby Turner and the Brand New Heavies. But its nuanced programme of smaller performances is equally interesting: Broadcaster/musician Alyn Shipton, will be exploring the relationship between jazz and poetry, notably the work of Philip Larkin and W B Yeats, in a piece entitled Jazz Words. Meanwhile, seminal French guitarist Bireli Lagrene will be making a rare appearance to the festival, with a jazz quartet reminiscent of the Blue Note acts of the 1960s.

Dance

Labyrinth of Love tour. Festival Theatre, Edinburgh, 9-19 April

The Rambert dance company returns to Edinburgh with the critically-acclaimed Labyrinth of Love. Grammy award-wining composer Michael Daugherty’s score is performed live by both the Rambert Orchestra and soprano Sarah Gabriel, in what is both a musically and visually stunning piece. Choreographed by Marguerite Donlon, Labyrinth of Love provides a fitting centre-piece for a production which also features Merce Cunningham’s seminal work Sounddance, Richard Alston’s solo Dutiful Ducks and Paul Taylor’s Roses.

Art

Rosemarie Trockel: A Cosmos. Serpentine Gallery, London W2, until 7 April

An exhibition that sets about creating a space in which ideas from different disciplines can cross-pollinate, A Cosmos sees German artist Trockel situate her work among other artefacts and objects. Each one was selected by Trockel, in dialogue with curator Lynne Cooke, to produce a context for the artist’s work, including science and natural history. Trockel has resisted an identifiable style throughout her 30-year career, which has seen her exhibit in Paris, London and New York. It closes this Sunday, so catch this marvellously eclectic exhibition while you still can.

Theatre

A day in the death of Joe Egg, Everyman Theatre, Liverpool, 5-27 April

This weekend sees the revival of the critically-acclaimed play A day in the death of Joe Egg by Peter Nichols. The play was first performed in 1967. This production stars Ralph Little, Rebecca Johnson and Marjorie Yates. A fast-paced black comedy centred on the struggle of a young couple raising a disabled child, Nichols’s script was described by the Stage’s Gareth K Vile as “brutal, funny and provocative. The actors are challenged to jump across genres, picturing a reality bounded by a child’s absolute dependence, but made into a hell by their own personal failures.” It’s one to watch.

Spoken Word

Scratch the word, The Ovalhouse, London SE11, 11 April

Scratch the word is an exciting "scratch" event, exploring the creative overlap between spoken word, live literature and video verse. A group of performance poets will each perform a 10-minute sample of their work, followed be a Q&A panel discussion hosted by organisers Spread the Word. It will also include performances from the likes of Nick Makoha, whose one-man show My Father and Other Superheroes is due to feature at the Southbank Centre’s London Literature Festival.

A tenor saxophone. Photograph: Mario Tama/Getty Images
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The Autumn Statement proved it – we need a real alternative to austerity, now

Theresa May’s Tories have missed their chance to rescue the British economy.

After six wasted years of failed Conservative austerity measures, Philip Hammond had the opportunity last month in the Autumn Statement to change course and put in place the economic policies that would deliver greater prosperity, and make sure it was fairly shared.

Instead, he chose to continue with cuts to public services and in-work benefits while failing to deliver the scale of investment needed to secure future prosperity. The sense of betrayal is palpable.

The headline figures are grim. An analysis by the Institute for Fiscal Studies shows that real wages will not recover their 2008 levels even after 2020. The Tories are overseeing a lost decade in earnings that is, in the words Paul Johnson, the director of the IFS, “dreadful” and unprecedented in modern British history.

Meanwhile, the Treasury’s own analysis shows the cuts falling hardest on the poorest 30 per cent of the population. The Office for Budget Responsibility has reported that it expects a £122bn worsening in the public finances over the next five years. Of this, less than half – £59bn – is due to the Tories’ shambolic handling of Brexit. Most of the rest is thanks to their mishandling of the domestic economy.

 

Time to invest

The Tories may think that those people who are “just about managing” are an electoral demographic, but for Labour they are our friends, neighbours and the people we represent. People in all walks of life needed something better from this government, but the Autumn Statement was a betrayal of the hopes that they tried to raise beforehand.

Because the Tories cut when they should have invested, we now have a fundamentally weak economy that is unprepared for the challenges of Brexit. Low investment has meant that instead of installing new machinery, or building the new infrastructure that would support productive high-wage jobs, we have an economy that is more and more dependent on low-productivity, low-paid work. Every hour worked in the US, Germany or France produces on average a third more than an hour of work here.

Labour has different priorities. We will deliver the necessary investment in infrastructure and research funding, and back it up with an industrial strategy that can sustain well-paid, secure jobs in the industries of the future such as renewables. We will fight for Britain’s continued tariff-free access to the single market. We will reverse the tax giveaways to the mega-rich and the giant companies, instead using the money to make sure the NHS and our education system are properly funded. In 2020 we will introduce a real living wage, expected to be £10 an hour, to make sure every job pays a wage you can actually live on. And we will rebuild and transform our economy so no one and no community is left behind.

 

May’s missing alternative

This week, the Bank of England governor, Mark Carney, gave an important speech in which he hit the proverbial nail on the head. He was completely right to point out that societies need to redistribute the gains from trade and technology, and to educate and empower their citizens. We are going through a lost decade of earnings growth, as Carney highlights, and the crisis of productivity will not be solved without major government investment, backed up by an industrial strategy that can deliver growth.

Labour in government is committed to tackling the challenges of rising inequality, low wage growth, and driving up Britain’s productivity growth. But it is becoming clearer each day since Theresa May became Prime Minister that she, like her predecessor, has no credible solutions to the challenges our economy faces.

 

Crisis in Italy

The Italian people have decisively rejected the changes to their constitution proposed by Prime Minister Matteo Renzi, with nearly 60 per cent voting No. The Italian economy has not grown for close to two decades. A succession of governments has attempted to introduce free-market policies, including slashing pensions and undermining rights at work, but these have had little impact.

Renzi wanted extra powers to push through more free-market reforms, but he has now resigned after encountering opposition from across the Italian political spectrum. The absence of growth has left Italian banks with €360bn of loans that are not being repaid. Usually, these debts would be written off, but Italian banks lack the reserves to be able to absorb the losses. They need outside assistance to survive.

 

Bail in or bail out

The oldest bank in the world, Monte dei Paschi di Siena, needs €5bn before the end of the year if it is to avoid collapse. Renzi had arranged a financing deal but this is now under threat. Under new EU rules, governments are not allowed to bail out banks, like in the 2008 crisis. This is intended to protect taxpayers. Instead, bank investors are supposed to take a loss through a “bail-in”.

Unusually, however, Italian bank investors are not only big financial institutions such as insurance companies, but ordinary households. One-third of all Italian bank bonds are held by households, so a bail-in would hit them hard. And should Italy’s banks fail, the danger is that investors will pull money out of banks across Europe, causing further failures. British banks have been reducing their investments in Italy, but concerned UK regulators have asked recently for details of their exposure.

John McDonnell is the shadow chancellor


John McDonnell is Labour MP for Hayes and Harlington and has been shadow chancellor since September 2015. 

This article first appeared in the 08 December 2016 issue of the New Statesman, Brexit to Trump