Liverpool’s plight is a reminder of just how close to the edge many regional theatres are operating and how perilously near many are to breaching their NPO agreements. As one leading industry insider put it to me: “There are many canaries in cages coughing, if not yet falling off their perches.” As with Liverpool, it wouldn’t take all that much to knock them off, and when one tumbles – particularly one as big as Liverpool – the fear is that more may follow. – The Stage