Jonathan Munby's production starring Ian McKellen, first seen last year in Chichester and now transferred to the West End, reflects our everyday anxieties, emphasising in the world of a Trump presidency, the dangers of childish, petulant authoritarianism. And while King James I was keen to promulgate the benefits of a united kingdom - having joined England and Scotland under his rule only three years before Shakespeare's tragedy was presented at court in 1606 - the corrosive nature of divisions within the state is equally clear now in the era of Brexit. The Union Flag features frequently in Paul Wills' design.

Munby is an inspiring director, especially of Shakespeare, mining text and motivation with meticulous care. His Globe productions of Antony and Cleopatra and The Merchant of Venice were especially revealing. Here, in a modern-dress setting, he makes much of the pagan nature of Lear as well as contemporary concerns. This places the action - clear and fast-paced though it is - in a strange world where people in combat gear pay deference to "the gods", showing respect for Apollo with ritualised hand gestures. 

If there are more ideas than the production's frame can easily contain, at its heart is Ian McKellen's mesmerising performance, exploring the vulnerability of old age, the absoluteness of death, the fragility of life and of sanity with such humanity, such a mixture of twinkling mischief, unforgivable cruelty, gentleness and sad acceptance of his failings that it takes your breath away. Much was made last year of the importance of the intimacy of the Minerva Theatre, which seats fewer than 300 people, but McKellen's performance remains unforced, even conversational, in its new surroundings. This is aided by the design, which includes a central walkway through the audience and a panelled wooden curve often limiting the stage area.

To begin with, Lear appears alone for a moment, enjoying the stage-managed surprise he is about to spring. His daughters sweep in dressed in ball gowns and the court sing together. All seems well-ordered, even good-natured, until the fateful fracturing of the kingdom. Sinéad Cusack plays good-hearted Kent, banished for speaking up and soon disguised as an Irish-accented male servant to the king in his homeless wanderings. The gender change makes perfect sense (as a similar casting, of Saskia Reeves did in Nancy Meckler's Globe production last year) and Cusack carries it off brilliantly.

Of the daughters, Anita-Joy Uwajeh as a strong-minded Cordelia and Claire Price as a Sloaney, pearls-and-headscarf, Goneril are new to the cast. Kirsty Bushell's fascinating Regan is unstable, kittenish, manipulative, sexually excited by the blinding of Gloucester. This is especially horrific, carried out with a meat hook in an abattoir. The heads of the dumb beasts - cow and pig - have already witnessed Lear's mock arraignment of his daughters.Lloyd Hutchinson's Irish Fool (above with Sinéad Cusack as Kent) plays the banjo and cheekily mimics his master - rather well. His witnessing of Gloucester's blinding and subsequent encounter with a murderous Edmund seem odd additions, however.

Danny Webb's Gloucester is a fine foil for McKellen and their Dover scene very moving as two old men, in the wisdom and foolishness of age, learn the error of their ways while facing mortality, one blind, the other madly wielding a bunch of weeds like a gun. Luke Thompson visibly grows up as Edgar and James Corrigan makes a clever, sardonic Edmund. But, however good the rest of the cast, it is McKellen who is unforgettable. His career has encompassed many of Shakespeare's major roles, including Edgar, Kent and, in Trevor Nunn's operatic 2007 RSC production, an earlier Lear. If, at 78, this really is his last stage performance in Shakespeare, it makes a stunning finale.

• King Lear at Duke of York's Theatre to 3 November 
• Read more theatre reviews on theartsdesk

@heathermneill

Overleaf: more great Lears

The image of a raging, narcissistic tyrant, convinced that he can crush even death into oblivion, has all too many resonances these days.

If it's possible to have somewhat too much of a good thing, that would seem to be the case with the British premiere at the Menier Chocolate Factory of Spamilton.

Brian Friel, who died in 2015 at the age of 86, was a shy man who shunned interviews, keeping his powder dry for the work and shrouding his personal life in mystique. Not that he never opened his mouth at all. When Dancing at Lughnasa (1990) was winning Tony Awards in New York, he got into trouble for saying that a good stage manager is preferable to a director who disobeys the script. One or two American directors may have smirked when in 1993 Wonderful Tennessee closed on Broadway after nine performances.

The apocalypse arrives as a series of collegiate sketches in the aptly-named Pity, the Rory Mullarkey play that may well prompt sympathy for audiences who unwittingly find themselves in attendance.

The NHS is us. For decades our national identity has been bandaged together with the idea, and reality, of a health service that is free at the point of delivery.

A raw pagan vitality animates this extraordinary story about a teenage boy wrestling with tumultuous emotions in the face of his mother’s terminal illness.

Les Dennis was once a marquee name on Saturday night television as host of Family Fortunes, but since giving up the light entertainment lark he now plies his trade as an actor, and a very good one at that. If you've not seen it, give yourself a treat and watch his bang-on-the-nose performance as “Les Dennis”, a delusional, whinging has-been, in Ricky Gervais and Stephen Merchant's Extras.

There's surprising and then there's The Lehman Trilogy, the National Theatre premiere in which a long-established director surprises his audience and, in the process, surpasses himself. The talent in question is Sam Mendes, who a quarter-century or more into his career has never delivered up the kind of sustained, smart, ceaselessly inventive minimalism on view here.

Britain is rightly proud of its record on multiculturalism, but whenever cross-cultural couples are shown on film, television or the stage they are always represented as a problem. Not just as a normal way of life, but as something that is going wrong. I suppose that this is a valuable corrective to patting ourselves on the back about how tolerant a society we are, but do such correctives make a good play?