The news from the London Book Fair that Irish writer, Kathleen MacMahon has received £500,000 for her first book, This is How It Ends is very cheering for writers and the book trade alike. Little, Brown are clearly madly in love with the book, describing it as ‘literary commercial fiction’, ie a perfect book for book clubs to savour, but also a novel to get lost in on the daily commute. The Help would be ‘literary commercial fiction’ for eg. I would argue that Bridget Jones’s Diary is also ‘literary’ in its own way – an argument for another day.

The book sounds to me like an Irish ‘Bridges of Madison County’, a book (and film) I love. It’s billed as a love story between an American man and an unemployed Irish architect. ‘You close the book, you want to bawl your eyes out, and then you want to tell everyone about it,’ her agent, Marianne Gunn O’Connor told today’s The Irish Times – Marianne is also Cecelia Ahern’s agent.

Anyway, I was at a meeting this morning and I was asked how the advance would be paid – would Kathleen be handed a cheque for £500,000 as soon as …