John Kinsella quits TS Eliot award

A second poet withdraws from shortlist for £15,000 award over it's sponsorship by a hedge fund.

John Kinsella has joined Alice Oswald by withdrawing from the TS Eliot Prize shortlist over its sponsorship by a hedge fund firm.

John Kinsella, whose poetry collection 'Armour' was in the running for the £15,000  TS Eliot poetry award, joined Alice Oswald in condemning the Poetry Book Society's sponsorship from the hedge fund Aurum. "The business of Aurum doesn't sit with my personal politics and ethics...Hedge funds are at the very pointy end of capitalism, if I can put it that way," he said.

"I am grateful to Alice Oswald for bringing the sponsorship of the TS Eliot Prize to my attention," said Kinsella in a statement released by his publisher. "I regret that I must do this at a particularly difficult time for the Poetry Book Society but the business of Aurum does not sit with my personal politics and ethics. I am grateful to everyone at the PBS for all they have done to promote my work and that of poetry in general."

He told The Bookseller"My politics and ethics are such that I can't accept money from such a source. I fully understand why the Poetry Book Society has looked elsewhere for funding, given the horrendous way they were treated, but as an anti-capitalist in full-on form, that is my position."

The Poetry Book Society lost its Arts Council funding earlier this year, in a move that the poet laureate Carol Ann Duffy said caused poets and readers a "sense of anger and grief". It then secured a three-year sponsorship contract with Aurum.

The Poetry Book Society's vice-chair Desmond Clarke said: "I respect the decision of Alice and John to withdraw as it's their right, but I think it is misguided," he said. "All our pension funds use investment managers such as Aurum, and Aurum's clients include the pension funds of the public sector and not for profit organisations. For some time financial institutions such as Man, EFG and Duncan Lawrie, the private bank that supports Arvon, have sponsored prizes, literary festivals and competitions."

Eight poetry collections remain in the running for the prize:

John Burnside's Black Cat Bone, Carol Ann Duffy's The Bees,  Leontia Flynn with Profit and Loss,  David Harsent's Night, Esther Morgan with Grace,  Daljit Nagra Tippoo's collection Sultan's Incredible White-Man-Eating Tiger Toy-Machine!!! Sean O'Brien's November and Bernard O'Donoghue's collection Farmers Cross.

The PBS declined to comment further.

Arts and Entertainment

Great British Bake Off
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment

ebooksNow available in paperback
Arts and Entertainment

ebooks
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES

ES Rentals

    Independent Dating
    and  

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

    Cameron lowered the flag for the dead king of Saudi Arabia...

    But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
    Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

    Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

    Humanity must be at the heart of politics, says Jeremy Corbyn
    Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

    Joe Biden's 'tease tour'

    Could the US Vice-President be testing the water for a presidential run?
    Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

    Britain's 24-hour culture

    With the 'leisured society' a distant dream we're working longer and less regular hours than ever
    Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

    The addictive nature of Diplomacy

    Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
    Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

    Fashion: Ooh, Lady Chatterley!

    Take inspiration from DH Lawrence's racy tome with equally racy underwear
    8 best children's clocks

    Tick-tock: 8 best children's clocks

    Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
    Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

    Charlie Austin: ‘If the move is not right, I’m not going’

    After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
    Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

    How Isis profits from destruction of antiquities

    Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
    Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

    'If we lose touch we’ll end up with two decades of the Tories'

    In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
    Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

    The Arab Spring reversed

    Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
    King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

    Academic claims King Arthur was real - and reveals where he lived

    Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
    Who is Oliver Bonas and how has he captured middle-class hearts?

    Who is Oliver Bonas?

    It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
    Earth has 'lost more than half its trees' since humans first started cutting them down

    Axe-wielding Man fells half the world’s trees – leaving us just 422 each

    However, the number of trees may be eight times higher than previously thought
    60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

    60 years of Scalextric

    Model cars are now stuffed with as much tech as real ones