All Tomorrow's Parties is no more

Will artist-curated festivals become a thing of the past?

Before last week, the future seemed bright for artist-curated music festival All Tomorrow’s Parties. With a string of international events, including the Yeah Yeah Yeahs curating I’ll Be Your Mirror at Alexandra Palace, Nick Cave taking the ATP festival to a former NATO base in Iceland, and a positive spate of holiday-camp merriment set for 2013, the last thing anyone was expecting was for it to come to such an abrupt conclusion. The two weekend events at Camber Sands this November and December will be the festival's last.

ATP’s extraordinary, 13-year run started in 2000, when founder Barry Hogan persuaded Mogwai to curate the first-ever festival, bringing together acts such as Arab Strap, Sigur Rós and Clinic to the Butlins holiday camp in Minehead, Somerset. It proved a winning formula. Musicians liked the fact that it was driven by artists as opposed to promoters, and had a low-key, sponsorship-free atmosphere that stood in stark contrast to the bigger festivals such as Reading or Glastonbury.

For the audience, the fact that there were no separate areas for artists meant that going to ATP gave you a chance to mingle with bands over the weekend, as opposed to simply glimpsing them on a distant stage. Back in 2000, before the rapid mushrooming of boutique festivals, this was a pretty radical concept. And it took off. Within two years, there was a US version, and the British event split into two separate weekends instead of one. An ATP stage appeared at Barcelona’s Primavera festival and an Australian incarnation of the festival was launched. As if this wasn’t enough, a new series of one-day events were launched. I’ll Be Your Mirror – named after the B-side of the Velvet Underground single "All Tomorrow’s Parties" – is essentially the same format as the festival but minus the holiday resort.

Listed like this, the sudden end of ATP makes more sense: it has outgrown itself. Its charm lay in its DIY mentality – using a holiday camp as a base, allowing bands to dictate the line-up, and relying on a core attendance of dedicated music fans to support it. The sheer number of events has taken its toll on the line-up, which in recent years has seen a core group of regulars emerging. Although they’re undeniably good bands, the events have lost the freshness and diversity that characterised the early years. Added to this, as ATP has evolved into an ever more global affair, the grass roots element has been eroded.

Founder Barry Hogan’s desire to preserve the festival’s authenticity – by calling a halt to it before it has a chance to stale or mutate into another commercial-driven affair – is manifested in his unusual choice of headliner for the final weekend: eighties alt-rock band Loop, who are temporarily reforming for the event. In previous years, line-ups were selected by bands such as Portishead, My Bloody Valentine and Animal Collective, although the curators weren’t exclusively musicians – Jake and Dinos Chapman, Matt Groening and Jim Jarmusch have all taken a turn at the festival.

The two remaining weekends will be a swan song for All Tomorrow’s Parties. Pontins holiday park at Camber Sands will be a sadder, if quieter, place.

I’ll Be Your Mirror will take place at Alexandra Palace on 4 May

Karen O performing with the Yeah Yeah Yeahs in 2009. Photograph: 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