Fṛm Đ Gardịn: Liz Truss and Kwasi Kwarteng have made a declaration of class war

‘Taking from those who have least, lavishing gifts on those who have most.’ Liz Truss and Kwasi Kwarteng on a visit to Berkeley Modular in Kent. Photograph: Dylan Martinez/AP
‘Tecñ fṛm ɖoz hu hv līst, laviśñ gifts on ɖoz hu hv most.’ Liz Trus n Qāzi Qarteñ on a vizit t Brcli Modylr in Cnt. Foṭgraf: Diḷn Martinez/AP

Liz Trus n Qāzi Qarteñ hv md a decḷreśn v claswor

(Transcription of an article published in the Guardian on 23 September 2022)

Ɖs un’fiśl bujit z moṛli indifnsbl, ic̣nomicli reclis n so risci it sjsts a p’liticl deʈwiś

Jonathan Freedland

Joṇʈn Frīdḷnd, Frîde 23 Sptmbr 2022

Ś  mcs Marġrit Ʈaćr lc lîc a modṛt n Ronld Regn sīm poztivli wet. Liz Trus hz imbarct on an îdịlojicl project so xtrim ɖt ɖ de facto bujit anǎnst bî hr ćanslr tde amǎnts t a decḷreśn v claswor. It wz a rvrs Robin Hŭd: tecñ fṛm ɖoz hu hv līst, laviśñ gifts on ɖoz hu hv most. It z moṛli indifnsbl, ic̣nomicli reclis n so p’liticli risci az t sjst a deʈwiś.

Trusonomics rests on a simpl articl v feʈ: ɖt bî rwordñ ɖ olrdi wlʈi, lîf wl impruv fr evrwn els. Tricl-dǎn īc̣nomics, ɖe cōld it bac in ɖ 1980z, n it dd’nt wrc ɖen. Nǎ it’s bac in a form mor starc, mor xtraṿgnt, ɖn īvn its most ardnt aposlz evr derd contmplet.

Ɖ jeṇroṣti twdz ɖ ampli blest wz breʈtecñ. Qāzi Qarteñ’z ttemic muv wz ɖ rmuvl v ɖ cap on bancrz’ boṇsz – az f ɖ numbr wn probḷm cnfruntñ Britn tde wz ɖt bancrz r’nt rić inuf. It’l b Cristl magṇmz ol rnd in ɖ Siti, obvịsli, bt Lebr HQ śd olso rêz a glas: ɖ’v jst bn handd an ataclîn ɖt canot fel. Ɖ Cnsrṿtiv prīdisesrz v Trus n Qarteñ hd no prínsipld objx́n t letñ bancrz rsiv teḷfoņumbr boṇsz, bt hld of bcz ɖe ń ɖ optics wr so scrīmñli ōfl. Ɖ ny dyo hz no sć rstrent.

N so ɖe hv dlivrd ɖ bigist taxcuts in haf a snć̣ri, ǎtstripñ ɖ landmarc Nîjl Lwsn bujit v 1988 – n ɖer larjes z emd sqerli at ɖ top. Qarteñ dsîdd it wz ɖoz in ɖ hîist taxbracit hu nīdd hlp, so h aboliśt ɖ top ret oltgɖr. Ɖt wl hand an aṿrij £10,000 t ɖ hîist-rnñ 600,000 ppl in ɖ cuntri: litṛli ɖ wn psnt.

Ɖ ćanslr cansld a pland incris in corṗreśntax: mor gd nyz fr ɖ bōrdrūm. Īvn ɖ scrapt rîz in naśnl inśuṛns wl beṇfit ɖ hîist rnrz most. (Az fr sośl cer, ẃć despṛtli nīdz ɖ muni ɖt NI rîz wz gwñ t pe fr, hu nz ẃr ɖt caś wl cm fṛm – f it cmz at ol.) Litl wundr ɖt wn v ɖ rliist ćirz fr Qarteñ’z un’fiśl bujit cem fṛm ɖ Wlʈclub, ẃć ofrz invstmntsrṿsz t ɖoz v “hî net wrʈ”. Ɖe luvd it.

W śd’nt fget ẃt rmenz ɖ larjist fiscl muv v ɖ Trus admiṇstreśn, īvn f it wz anǎnst nirli tū wīcs ago: ɖ £150bn t b spent on frizñ eṇjibilz. T b śr, ɖt wl beṇfit evrwn, bt ges hu’z gwñ t pe fr it. It cd hv bn a windfōl tax on ɖ garganćụn, unrnd, xesiv profits v ɖ fosilfyl jaynts, ẃć hv sìn biłnz fōl intu ɖer laps ʈancs t ɖ srjñ prîs v ôl n gas cōzd bî Vladīmir Pūtin’z sqolid wor on Ycren. Ɖt wz ɖ pot v muni ɖt cd, n śd, hv hlpt hold dǎn eṇjibilz.

Bt Trus n Qarteñ prifŕd t pṛtct ɖ eṇjicumṗniz n t boro instd. Ɖt wl rac p a dét ɖt wl hv t b rpeid bî ɖ taxpeyrz v tde n tmoro. Ɖoz in ɖ ny admiṇstreśn hd a ćôs. Ɖe cd hv taxt BP n Śel, bt ɖe ćouz t ples ɖ brdn on ordnri faṃliz. So no mor tōc fṛm ɖm, or eni Cnsrṿtiv, v biyñ “on ɖ sîd v taxpeyrz”. Ɖs guvnmnt hz śaftd taxpeyrz n ɖer ćildṛn.

Stl, claswor z nvr jst abt lcñ aftr yr ǒn. It’s olso abt hrtñ ɖ eṇmi. So ɖ ćanslr md śr t anǎns ɖt ɖ unimploid wl si ɖer beṇfits slaśt f ɖe c’nt pruv ɖ’r srćñ fr mor wrc. N īvn ɖo ɖ tredyńnz hv a frax́n v ɖer formr streñʈ, Qarteñ promist lejsleśn t śrinc wrcrz’ abiḷti t act tgɖr yt frɖr. No matr hǎ litl caś or pǎr ɖ nīdiist hv hld on t, ɖ śerif v Notñm z aftr it.

Qāzi Qarteñ dlivrz swīpñ cuts in lêtist minibujit – vidio hîlîts

Ɖ moṛl ces agnst Trusonomics z cmpelñ, bt sm v ɖ most trenćnt opziśn t tde’z anǎnsmnts cem nt on grǎndz v cmpaśn or fernis, bt hard-hedd īc̣nomics. Aṇlists wr struġlñ nt t b rūd, az ɖe xamind a pacij v meźrz huz premis hz bn ʈuṛli dscredtd bî historicl xpirịns. Ɖ nośn ɖt cutñ taxz fr ɖ wlʈiist fylz groʈ t sć an xtnt ɖt “taxcuts pe fr ɖmslvz” z a ʈiyri fr ẃć ɖr z scant evidns. It’s lîcli ɖt ɖ Ofis fr Bujit Rsponsbiḷti wd hv md ɖs pônt, hd it nt bn sîḷnst bî Trus, apaṛntli añśs t avôd indipndnt scrūṭni v hr planz.

Īvn stǎt dfndrz v Ʈać̣rizm n Reġnomics bōlc at ɖ cmparisn wɖ ɖer hiroz. Trus me hv fgotn ɖt Ʈaćr’z rli cuts t incmtax wr baḷnst bî a nir duḅlñ v VAT: ɖ frst fīmel PM wz a fiscl cnsrṿtiv hu wontd ɖ cuntri’z sumz t ad p. Az fr hr 1988 taxcuts, ɖe cem onli wns infleśn wz lo n ɖ icoṇmi growñ. Regn cut taxz n masivli incrist ɖ YS deḟsit, bt h tù actd at a tîm ẃn infleśn wz cmñ undr cntrol.

Bî contrast, Qarteñ’z stiḿḷspacij, dzînd t jolt ɖ icoṇmi intu groʈ, arîvz alñsd sōrñ infleśn: it’s ʈrowñ petṛl on ɖ fîr. Ɖt wl pś ɖ Banc v Ñgḷnd t rêz inṭrestrets, ẃć wl mc lîf periḷsli hard fr ɖoz wɖ a morgij. Sm me nt b ebl t cīp p wɖ stīpli incrist munʈli pemnts – a denjr t ẃć ɖ guvnmnt z apaṛntli oblivịs. Mnẃl, guvnmntborowñ z gtñ mor xpnsiv – ɖ cost v it lept īvn az Qarteñ spouc – n ɖ valy v strlñ z plunjñ. Ẃn Iliẓbʈ II wz crǎnd, a pǎnd bòt $2.81; in ɖ munʈ v hr deʈ, it baiz les ɖn $1.10. Ɖt z ɖ marcits’ vrdict on ẃt tde’z Britn z wrʈ.

Az fr ɖ poḷtics, phps ppl wl b so hapi wɖ ɖ xtra £330 ɖe gt fṛm ɖ cansld naśnl-inśuṛns rîz, ɖ’l oṿlc ɖ fact ɖt ɖ Tōriz r handñ at līst 30 tîmz ɖt sum t ɖ wlʈiist wn psnt. It’s poṣbl ɖ’l jst b gretfl ɖer eṇjibil z capt. Mbi ɖt’s hǎ ɖz ʈñz wrc. Oltrṇtivli, ɖ Trus guvnmnt hz jst ritn ɖ script fr Lebr’z nxt ilex́ncampen. It hz ofrd p wn vivid targit aftr anɖr. Hǎ cn Tori MPz lc “red wōl” votrz in ɖ î n dfnd uncapt bancrz’ boṇsz, gv’wez fr ɖ rićist n xes profits fr ɖ eṇjijaynts, ẃl ppl strugl wɖ śrincñ wejz, rîzñ prîsz n imposbl morgijpemnts?

Trus n Qarteñ nīd a groʈmiṛcl, an adreṇlin injx́n intu ɖ icoṇmi ɖt trnz ʈñz arnd in les ɖn tū yirz. Miṛcl mt jst b ɖ rît wrd, bcz ɖs z nt a poḷsi grǎndd in rīzn – it z an act v nir-rlijs feʈ, wn ɖt wd hv md īvn its petṛnsents ćoc. It olso vaylets ɖ most besic nośn v fernis. Ẃt a sît t bhold: a guvnmnt ɖt spent 10 dez v naśnl mōrnñ paysli xtolñ Britiś valyz nǎ tramṗlñ ol ovr ɖm.

Instroduction to Ñspel

24/09/2022

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