Ɖ Gardịn vy on Brítnz gtñ purr: d’nt axpt it
(Transcription of a Guardian editorial of 26 April 2023)
‘W’r ol wrs of,’ sz ɖ Banc v Ñgḷnd. At a tîm v sōrñ pe t cumṗnibosz, ɖs z ugli poḷtics
Wnzde 26 Epril 2023
Struġlñ hǎsholdz, sncñ bizṇsz: ɖ Banc v Ñgḷnd wonts y t swolo sm bitr nyz fr yr ǒn gd. Y “nīd t axpt” ɖt y r purr. Stop ascñ fr wejrîzz. D nt snīc p prîsz. Srendr yr “rluctns t axpt ɖt, yes, w’r ol wrs of”. Sć ʈōts onli pṛdys hayr infleśn – n ɖt simpli w’nt d, acordñ t ɖ Banc’s ćīf icoṇmist, Hȳ Pil. In an inṭvy ɖs wīc, h akzd faṃliz n biznis v induljñ in a gem v “pas ɖ parsl” – pśñ hayr costs btwn ɖmslvz ẃn ẃt ɖe riyli nīd t d z admit ɖt “w ol hv t tec ǎr śer”.
F Mr Pil himslf dsplez sć Zen-lîc axptns, it me o smʈñ t ɖ fact ɖt h rsivd £88,000 fr hiz frst fîv-n-a-bit munʈs at Ʈrednīdl Strīt, iqivḷnt t an ańl saḷri v £180,000. Anɖr advc̣t v sreṇti z ɖ Banc’s guvnr, Andru Beili, hu last yir tld wrcrz nt t mc big pe dmandz, ẃl rêcñ in haf a miłn pǎndz. Ordnri Brítnz me dtct a tuć v Versailles hir, v biyñ advîzd t ćau dǎn on brioś bcz no bred z t b faund. Sć stetmnts d nt inhans wn’z oʈoṛti, az Marie Antoinette cd atst.
Mor ɖn a qortrsnć̣ri hz pást sins Gordn Brǎn set ɖ Banc fri, yt inṭrestrets n infleśn rmen az p’liticl az taxrets n sośl s’kṛti. Prîsz in śops, on fōrcorts n at ɖ facṭriget rflect hu hz hǎ mć pǎr, ẃɖr ɖt z ôlpṛdysrz in ɖ Midl Īst, big sūṗmarcitćenz or in-dmand wrcrz. Fr ovr a yir, ɖ Banc hz bn actñ az f wrcrz r an infleṣ́nri ʈret. It hz rezd rets ovr n ovr agn, wɖ anɖr incris xpctd nxt wīc. Yt ɖr hz bn no wej-prîs spîṛl, ẃl deta inḍcets ɖt cumṗniz r pśñ p prîsz t impruv ɖer marjinz – so mć so ɖt Siti aṇlists nǎ fret abt corpṛt “grīdfleśn”. Sć apaṛnt proḟtirñ hz pṛvoct no ax́n fṛm Riśi Sūnac. Phps ɖs śd’nt cm az a s’prîz fṛm ɖ admiṇstreśn ɖt handd bizṇsz biłnz fr inadiqt PPI n in lounz ɖt wl nvr b peid bac.
Clemñ ɖt “w’r ol in it tgɖr” wl nt woś at a tîm ẃn FTSX 100 bosz r siyñ ɖer pe srj bî an aṿrij v 23%, az ɖe dd last yir. In a hîli unīql cuntri, ɖ poḷtics v ẃt Mr Pil cōlz “gtñ purr” r ugli indd. A ziro-groʈ icoṇmi pṛdysz ziro-sum poḷtics, in ẃć inṭrestgrūps fît wɖ incrisñ fors fr ɖer slîs v a śrincñ cec. Sînz v ɖt r evrẃr in ɖ YC ɖs sprñ, most obvịsli wɖ ɖ brecdǎn v vîtl srṿsz, az nrsz, doctrz n tīćrz dmand pêrîzz. Anɖr simtm z ɖ culćrwor fòt bî ɖ Cnsrṿtivz wɖ incrisñli blunt siṇsizm sins 2010.
Letñ marcitforsz d ɖer ʈñ n prīćñ osteṛti-lait z no we t rspond t ɖs dîr ic̣nomic s’nario. A pṛgresiv rspons wd b t harnis ɖ fînanśl fîrpǎr v ɖ stet t pṛvîd dīsnt hǎzñ, hlʈ n edyceśn fr wn’z sitiznz, ẃl olso rezñ mor reṿny in capitl-genz tax, n in betr taxz on proṗti n land. Fr ol ɖ glūmi tōc v ɖ momnt, ɖ YC rmenz wn v ɖ rićist ssaytiz in hymn hisṭri, wɖ ɖ îdīaz n eṇji t pṛvîd a betr lîf fr ɖoz hu ofn gt ɖ śort end v ɖ stic. Ẃt it nīdz z ɖ p’liticl wil.
