Ɖ Gardịn vy on public-sectr pe: hayr taxz on ɖ rić r nīdd t fix brouc Britańa
Transcription of a Guardian editorial of 13 July 2023
Huevr winz ɖ nxt ilex́n wl hv t spend muni t rper ɖ damij dn aftr 13 yirz v Cnsrṿtiv-parti rūl
Ʈrzde, 13 Jlî 2023
It z unlîcli ɖt śampencorcs wl b popñ in guvnmnt oḟsz, scūlclasrūmz n NHS hospitlz. Bt ɖe probbli r in ɖ Siti. Ẃl ɖ public sectr z ofrd a b’lo-infleśn pêhîc v 6%, wejgroʈ in fînans n biznis srṿsz z runñ at 9%. Ɖ prîṿt sectr cn rêz its prîsz t pe fr hayr saḷriz or jst t mc mor muni. Ɖ public sectr canot. Instd Riśi Sūnac argyz ɖt ɖ stet’s wejbil mst b peid fr bî cuts t ɖ srṿsz ɖt wrcrz dlivr. Mr Sūnac’s dsiźn mīnz ɖt pyplz wl hv fywr bcs, n peśnts r left sicr, bcz tīćrz n doctrz nīd xtra pe. Rîzñ inṭrestrets mīn osteṛti fr public srṿsz n pen fr morgijholdrz, bt ɖe mc fr gd biznis in ɖ Sqer Mîl az YC gílt yīldz bcm mor atractiv t invstrz.
“It wz ɖ bst v tîmz, it wz ɖ wrst v tîmz,” bginz Ćarlz Dicinz’z A Têl v Tū Sitiz, a cōśnri stori abt wîḍnñ dviźnz in ɖ run p t ɖ Frenć Reṿluśn. Britn z, ʈancḟli, in a far les fīṿriś momnt. Ɖ icoṇmist Olivie Blanćard hz notd ɖt infleśn z “funḍmnṭli ɖ ǎtcm v ɖ distṛbyśnl conflict btwn frmz, wrcrz, n taxpeyrz”. Sm yńnz hv rîtli fòt fr, n wún, an axptbl dīl. Bt wîdr tnśnz r nt biyñ adiqtli manijd t alǎ fr brōdr, snṣbl ngośieśnz in ẃć ɖ pen z śerd. Instd Mr Sūnac, n ɖ Banc v Ñgḷnd, tilt ɖ scelz in fevr v prîṿt biznis inṭrests n a rseśn bî rlayñ sol̦i on inṭrestrets. Ongwñ strîcs r a simtm v sć a straṭji.
Ɖ guvnmnt’s ces z ɖt hayr taxz n mor borowñ wd b ruiṇs. Ɖs îdīa z unforćṇtli riinforst bî a qsćṇbl fōrcast md bî ɖ Ofis fr Bujit Rsponsbiḷti (OBR), ẃć pridicts ɖ naśnl dét v ɖ YC triṗlñ bî 2070. In truʈ it z ɖ guvnmnt ɖt dsîdz hǎ far ɖ inṭrest peid on its dét śd b dtrmind bî dmand in ɖ munimarcits. Mr Sūnac b’livz ɖt dmand śd b prîṃri n hz wovn a fiscl stretjacit, ʈru ɖ Treẓ́ri’z dzîn v ɖ asetprćis fsiḷti n bî selñ infleśn-linct bondz: ɖ mor ɖ stet struglz, ɖ tîtr ɖ bîndñ bcmz.
Baḷnst-bujit îdīaz, dpresñli, hv faund s’preṃsi in Britiś poḷtics. Yt fy ʈñz matr mor ɖn lîf n deʈ. F lîf xpctnsi n “hlʈi lîf xpctnsi” – a meźr v ɖ yirz ppl liv in dīsnt hlʈ – r mor importnt meźrz v hǎ a cuntri z dwñ, ɖ OBR hz sm soḅrñ nyz. Ɖ YC hz ɖ lǒist hlʈi lîf xpctnsi at brʈ v eni mejr dveḷpt icoṇmi bar ɖ YS, n z fōlñ bhnd Iṭli, Jpan, Frans n Caṇda in trmz v lîf xpctnsi.
Huevr winz ɖ nxt ilex́n wl hv t spend muni t rper ɖ damij dn bî cronic stet unḍfundñ bî ɖ Cnsrṿtivz on top v Brexit, ɖ pandemic, n ɖ Ycren wor – az wel az rīwîr ɖ icoṇmi t dīl wɖ an ejñ popyleśn n net ziro. Bt wɖt cerfl dzîn ɖs spendñ wl b infleṣ́nri: post-Covid Britn sw hǎ qcli s’plî-dsrupśn trnzletd intu rîzñ prîsz; hǎ lebrśorṭjz cd snd wejz śūtñ p; n hǎ ɖr wz litl rstrent on cumṗniz hîcñ prîsz. Guvnmnt xpndićr, it sīmz, cn onli incris in a non-infleṣ́nri we f fiscl spes hz bn crietd bî rdysñ prîṿt dspoẓbl incm, îdiyli ʈru hayr taxz on ɖ wlʈiist.
