When the country’s largest literary festival parts ways with its main sponsor, it is not usually a cause for rejoicing among writers, performers, and the sorts of people who like to go to literary festivals. It is usually a disaster for the festival. Yet when on Friday the Hay Festival sacked (yes, it was that way round) the investment fund Baillie Gifford as its main sponsor, it was felt that a mighty blow had been struck against injustice.
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