Ɖ Gardịn vy on morġjz: ɖ crunć z cmñ
Transcription of a Guardian editorial of 21 June 2023
Wsminstr z fr evr blowñ proṗtibublz. Ẃt hapnz ẃn ɖe brst?
Wnzde, 21 Jūn 2023
Last Octobr, ɖ ɖen-ćer v ɖ Cnsrṿtiv parti, Jec Béri, dclerd ɖ s’lūśn t rîzñ eṇjiprîsz wz simpl: “Ppl nǒ ɖt ẃn ɖer bilz arîv, ɖe cn îɖr cut ɖer cnsumśn or ɖe cn… g ǎt ɖr n gt ɖt ny job.” Ɖs wīc, Mr Béri dsclozd hiz wuriz abt rîzñ morgijbilz, or ẃt h trmd “ɖ morgijbom abt t g of”, n cōld on ɖ guvnmnt t spend mni miłnz in public muni t beil ǎt dstrest hǎsholdz.
Tū sōrñ bilz n wn Tori MP wɖ tū dạmetricli opozd ansrz: ẃt cd poṣbli acǎnt fr ɖ difṛns?
In fernis t Mr Béri, h z hardli ɖ onli Cnsrṿtiv alarmd at roc̣tñ morgijrets, n wn dz’nt nīd Śrloc Hǒmz t dvîn ẃ. Ɖ poḷtiśnz most inclînd t sáit bujitri calkleśnz az ɖ rīzn fr dnayñ hungri ćildṛn fri mīlz in scūlhoḷdez r dwñ hard ilectṛl maʈs on ẃt it mīnz ẃn 2.4 miłn hǎsholdz rol of ɖer fixt-ret morġjz jst in tîm fr a jenṛl ilex́n.
Fr at līst a snć̣ri, Cnsrṿtivz hv sìn hom ǒnrśp az ɖer we intu ɖ ilectṛt’s c’lectiv hart. In ɖ 1920z, Nol Sceltn cônd ɖ trm “proṗti-ǒnñ dmocṛsi”. Six decedz lêtr, Marġrit Ʈaćr cōld fr “popylr capiṭlizm”. Ɖen cem Jorj Ozbōrn’z hlp-t-bai scīm, ẃć qt poṣbli wún ɖ Toriz ɖ 2015 ilex́n.
In 2020, Mr Ozbōrn’z proṭźe Riśi Sūnac dclerd a stampdyti hoḷde. Ɖ votrz hu wnt intu ɖ hǎzñmarcit or p ɖ proṗtiladr undr ɖz scīmz wl b ɖ wnz most undr preśr nǎ. Az ɖ Insttyt fr Fiscl Studiz pônts ǎt, ɖoz most at risc r in ɖer 30z n liv in Lundn n ɖ sǎʈ-īst. Ɖe hv ɖ bigist homlounz cmñ p fr rnywl.
Fr mni v ɖz hǎsholdz, a p’liticl gv’we t s’kr a cupl v xtra pônts in ɖ poulz wl bcm a fînanśl tec’we cōzñ hyj prsnl stres. Cnsrṿtiv eidz me crs ɖ Banc v Ñgḷnd guvnr, Andru Beili, az ɖ man hu cd lūz ɖm ɖ nxt ilex́n, bt a betr culprit z nǎ sitñ insd Nu 10.
Wn prsn’z morgij z anɖr’z rent, n ɖr r plenti v rports v tennts siyñ ɖer munʈli ǎtgowñz rîz az ɖer landlordz strugl wɖ hayr bilz. Ɖt z wn rīzn ẃ it wd b unfer fr ɖ guvnmnt t intṛdys anɖr vrśn v morgij-rlif, az Mr Béri z sjstñ – bcz it wd b taxñ rentrz t subṣdîz landlordz.
Ǒnñ an aset śd nt b a prīcndiśn fr gtñ public muni. Dspt its loñstandñ proṃsz, ɖs guvnmnt z yt t ban no-fōlt ivix́nz, n its pṛpozd upgred v tennts’ rîts līvz a lot t b dzîrd. Az ɖ impact v hayr rets z flt in ɖ proṗtimarcit (ɖ Ofis fr Bujit-Rsponsbiḷti pṛjcts a 10% fōl in hǎsprîsz), ɖ guvnmnt śd wrc p a pacij v meźrz ɖt miṭgets ɖ lîcli trbyḷns, n ɖt pṛtcts prîṿt tennts az wel az uɖrz.
Fr nǎ, hvr, ɖ bst cors z t dmand ɖt lendrz śo morgijholdrz maximm fōrbeṛns, alawñ ɖm t ćenj ɖ trm, or pe onli ɖ inṭrest, on ɖer lounz fr a ẃl. Ɖz r amñ pṛpozlz md ɖs wīc bî Rećl Rīvz, ɖ śadoćanslr, stìlñ a marć on hr oṗzit numbr, Jeṛmi Hunt, hu mīts ɖ morgij inḍstri on Frîde.
Ɖ morgijmarcit z far mor reğletd ɖn it wz in ɖ rli 1990z. Let s hop ɖt it z reğletd inuf. W śl sn fînd ǎt. Bt wn lésn fṛm ɖs lêtist crîsis z śrli clir: runñ a cuntri’z īc̣nomics n poḷtics on ɖ besis v cīpñ a proṗtibubl infletd z a gaṛntìd reṣpi fr dzastr.
