After half a century in Scotland’s capital, the Edinburgh TV Festival is packing its bags and heading to Manchester. Not because Manchester has discovered Mediterranean weather, but because the people attending could no longer justify the cost of being there. One of Britain’s most prestigious media gatherings has effectively looked at Edinburgh’s prices and said: “Enough.”

💰 The Golden Goose Strikes Again

Britain has developed a curious habit. Find something successful, squeeze every possible penny from it, then act surprised when it leaves. The Edinburgh TV Festival appears to be the latest casualty of a national obsession with turning success into an opportunity for extraction.

For years, delegates have faced soaring accommodation costs, rising expenses and the increasingly expensive privilege of simply showing up. Eventually, someone did the maths and discovered a radical business principle: people don’t enjoy being financially mugged. 🤷‍♂️💸

The pattern feels familiar. It’s the same criticism often levelled at the treatment of the North Sea oil industry. Find a world-class asset, milk it dry, celebrate the tax receipts, pile on the pressure and then wonder why investment heads elsewhere. The formula rarely changes. Take the best of something, squeeze it for all it’s worth, spend the proceeds and commission a report when it starts disappearing. By the end, the golden goose isn’t laying eggs—it’s sitting in a museum beside a plaque explaining how important it once was. 🪿🏛️

📺 When Arithmetic Beats Nostalgia

The irony is impossible to ignore. A festival dedicated to discussing the future of media has decided that remaining in Edinburgh no longer makes financial sense. If television executives can’t make the numbers work, what hope is there for everyone else?

Manchester offered lower costs, better value and a growing media infrastructure. In the end, fifty years of tradition lost an argument with a spreadsheet. Nostalgia is wonderful, but nostalgia doesn’t pay hotel bills. 📉

Perhaps the real lesson is that cities, like industries, can start believing their own hype. Success attracts visitors. Visitors push up demand. Prices rise. Then one day people quietly begin leaving. When enough of them do, everyone starts asking what went wrong. The answer is usually staring them in the face.

Has Edinburgh become a victim of its own success? Are Britain’s cities and industries being squeezed so hard that they’re driving away the very people who made them thrive? Or is this simply smart business from festival organisers who finally decided enough was enough?

💬 Drop your verdict in the blog comments.

👇 Like, comment and share if you think Britain has become far too good at squeezing success until it disappears.

🏆 The best comments and sharpest takes will be featured in the next issue of the magazine.

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Ian McEwan

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