The Observer view on Baillie Gifford sponsorship row: writing is on the wall for book lovers

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Now the investment fund is pulling out of literary festivals, what other sponsors will dare expose themselves to the scrutiny of Fossil Free Books?

Even in bad weather, literary festivals can be magical: the gentle tap of rain on canvas as an audience tunes in to what it hopes will be another scintillating conversation. For some, this is a chance to clap eyes on a beloved author, and perhaps to have a favourite paperback signed. For others, this is the place for discovering new voices, and afterwards to read their work, hot off the press, in a deckchair with a cup of tea . Questions are asked. Connections are made.

Such news was, perhaps, predictable. The Hay festival and the Edinburgh international book festival had already cancelled their arrangements with Baillie Gifford: Julie Finch, the chief executive of the former, said somewhat bizarrely that it wanted to guarantee the “”; Jenny Niven, the director of the latter, spoke of the “intolerable pressure” on her staff. It was surely only a matter of time before Baillie Gifford walked away.

 

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