Who's afraid? The wolves are gathering, says Nick Lezard. Photo: Ronnie Macdonald/Flickr
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An email makes me cry. I pull myself together... then get another from my accountant

Down and Out with Nicholas Lezard.

Three emails, hard on each other’s heels. (I know this is the second week in a row I have used recent emails as the kick-off for a column but you know what? They’re among the few human interactions I have these days.)

Email No 1 asks me to accept a 20 per cent pay cut for something. No 2 is from a TV company, which is making a programme on a subject the producers’ would rather I was quiet about pro tem. They want to bend my ear, for reasons that do not entirely elude me. No 3 is from another organisation, which is asking me to be on a panel for something related to the London Book Fair. It can pay my travel expenses but nothing else.

The first email involves me having a little bit of a panic and a cry, followed by a period of pulling myself together and replying – mindful that a 100 per cent pay cut is never going to be entirely out of the question and too outraged a tone might be catastrophically counterproductive – that a 10 per cent pay cut might be more acceptable at this end.

Email No 2 is easier to deal with, especially after email No 1. I tell them that in my experience, being interviewed by a TV company involves having people pinch my ideas for nothing – unless you count an undistinguished cup of coffee something – and then not being on the telly. I take some satisfaction from writing this. (When in doubt, ask yourself: what would Beckett do? And as far as I know, he never appeared on telly.)

I feel a bit worse about the London Book Fair gig but by this time my dander is up and I’m full of piss and vinegar. Even though the person chairing the panel is someone for whom I not only have a lot of professional respect but whose beauty maddens me like wine, I reply curtly that I do not work for free.

Then another email. It is from my accountants. As you might have suspected, for I have hinted at this for some time, I hide from my accountants. To get charged a substantial three-figure sum to be told that I am f***ed goes against what I consider to be the life well lived. And although they did go through my books some years ago and tell me that they had never seen someone so honest quite so f***ed – and went through such rudimentary books as I had at a level of detail that means I would happily pay them to have done so, for they deserve to be paid, if I were not f***ed – I am f***ed, so I can’t quite pay them right at this moment.

But anyway, there they are in my in-box and very politely so, considering the circumstances, if I may add. One detail does not escape me and that is the HMRC officers’ take on all this, which my accountants have thoughtfully passed on. They, too, have been patient but it is along the lines of “the wheels of justice grinding slow but fine”. And if I thought I was f***ed at the end of the first paragraph of my accountants’ email, that was nothing.

When, in the relevant paragraph, I see the penalties, I go into a kind of fugue state, for they are amazing. But not unjustifiable, on their part. I can see their point of view.

Maybe if I wasn’t so f***ed, I would hire an accountant to bring the figure down a bit but at the moment what I really need is the testimony of a mental health panel and I do not have the time or non-f***ed-upness to sort that kind of thing out, which is itself a kind of testimony. After all, if my friend Professor BetterNotNameHimOrHer can, after years of trying to persuade the relevant people that HeOrShe has attention deficit disorder, somehow manage to get a teaching post at a very prestigious university, why can’t I, with my piles of books, my inability even to ask for money I am even owed and my generally disastrous circumstances, persuade them of the same thing?

The answer to email No 1 comes back. They will accept my terms, which comes as a pleasant surprise. Email No 2 is answered with an assurance that I will be paid a small, three-figure sum for my time. This, too, is acceptable. Email No 3 has not, at the time of writing, received an answer but this is understandable, for I had been very curt, what with one thing and another, and had not made a jokey comment about how the chairperson’s beauty maddened me like wine, and so on.

But the wolves are gathering around the door and, in true bohemian style, my tiny hands are frozen. I was inoculated against TB at school but it’ll be something else that gets me, I warrant.

Nicholas Lezard is a literary critic for the Guardian and also writes for the Independent. He writes the Down and Out in London column for the New Statesman.

This article first appeared in the 09 December 2014 issue of the New Statesman, How Isis hijacked the revolution

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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.”