Tag Archives: editorial

In Ñspel: The Guardian view on Trussonomics: bringing on social and financial devastation

Kwasi Kwarteng and Liz Truss in Birmingham last week. ‘No government has sabotaged its economic reputation as quickly as this one.’ Photograph: Toby Melville/Reuters
Qāzi Qarteñ n Liz Trus in Brmñm last wīc. ‘No guvnmnt hz saḅtājd its ic̣nomic repyteśn az qcli az ɖs wn.’ Foṭgraf: Tobi Mlvil/Rôtrz

Ɖ Gardịn vy on Trusonomics: brññ on sośl n fînanśl devsteśn

(Transcription of an editorial published in the Guardian on 11 October 2022)

Ɖ guvnmnt n its sntṛl banc r plotñ a paʈ ɖt wl criet a penfl rseśn. Bʈ òt t ćenj cors

Tyzde 11 Octobr 2022

In ćés ɖe cōl it zugzwang – a sićueśn in ẃć eni līgl muv līvz ɖ pleyr wrs of. Bʈ ɖ ćanslr, Qāzi Qarteñ, n ɖ Banc v Ñgḷnd r srćñ fr a winñ we ǎt v ɖer pridic̣mnts, gvn ɖ cnstrents impozd bî public opińn. Ɖe r unlîcli t fînd wn. “Trusonomics” – a mixćr v taxcuts, śarp rdux́nz in public spendñ n hayr inṭrestrets – hz arîvd az Brítnz bac hayr invstmnt, naśṇlîzd inḍstriz n lowr levlz v iniqoḷti. Votrz r gtñ ɖ oṗzit v ẃt ɖe wont, wɖ trust in ministrz pluṃtñ.

No guvnmnt hz saḅtājd its ic̣nomic repyteśn az qcli az ɖs wn. Ɖ Banc hz hd t step in ʈri tîmz sins ɖ ćanslr’z mini-bujit t stop a big sel-of in YC dét cōzd bî ɖ guvnmnt anǎnsñ a fiscl pacij ɖt boroz, acordñ t ɖ Insttyt fr Fiscl Studiz, £370bn ovr ɖ nxt tū yirz fr litl obvịs ic̣nomic gen. Ɖ mêhem wz intîrli pridictbl. Mr Qarteñ z spendñ mor ɖn ɖ guvnmnt gts bac in taxz; ɖ difṛns z fundd bî selñ guvnmntdét at a prîs dtrmind bî ōx́nz ẃr fînanshǎzz dtrmin ɖ yīldz. Ɖ mor dét ɖt z iśùd, ɖ hayr ɖ inṭrestret invstrz dmand t hold guvnmnt IOYz – a proses ɖt līdz ultiṃtli t hayr morgijpemnts.

Ɖ Banc hd wontd t hîc rets – bî śrincñ its QI gíltportfolio bî £80bn ʈru bondseilz – t fît infleśn. It wz ɖ onli mejr sntṛl banc t d so – an act ɖ icoṇmist Dańela Gabor dscrîbd az “an opn invteśn fr gíltmarcit dsrupśn n fînanśl instbiḷti”. Mr Qarteñ’z plan z similrli an ǎtlîr. Instd v public spendñ t cǎntr prîsśocs, ɖ ćanslr ʈncs ɖt ɖ rić gtñ rićr wl si ɖ icoṇmi ǎtrun infleśn.

F ɖs cntinyz un’beitd, Britn cd end p suḟrñ fînanśl c’laps n sośl devsteśn, foloud bî a loñ p’liticl crîsis, az hapnd in sm big midl-incm cuntriz 25 yirz ago. Bʈ ɖ Banc n Mr Qarteñ apir t ʈnc ɖt srtn sectrz v ɖ icoṇmi wl fel bcz ɖe r nt cmpettiv inuf – ɖr-bî setñ ɖ stej fr īvn mor niolibṛl rformz.

Britn nīdz stbiḷti t fix ẃt eilz its icoṇmi. Ɖ Banc śd alîn its poḷsi wɖ ɖ guvnmnt’s fiscl planz bî cntinywñ t bai bondz t cām marcits n cntrol inṭrestrets at tolṛbl levlz. It wl hv t mc a dsiźn on ɖs bî Frîde – ẃn ɖ Banc z dy t end its dêli bondprć̣sz. Hayr borowñcosts w’nt lowr eṇji n fūd prîsz. Ɖt z ɖ job v ɖ guvnmnt, ẃć śd olso rples its cuṛnt groʈplan wɖ wn ɖt siz manijd wej incrisz, lifts livñstanddz n sīcs t būst invstmntlevlz t rêz prodctivti.

Ɖ oltrṇtiv z t cari on wɖ Trusonomics n witnis ɖ dlibṛt crieśn v unimplômnt n ɖ c’laps v bizṇsz in a penfl rseśn. It z sinicl t ʈnc ɖt poḷtiśnz orc̣stret wez t pmit caś-rić bizṇsz t pic p barginz amd ɖ ic̣nomic recij wɖt sparcñ a popylr rvolt. Bt it z hard, wɖ ɖ preznt guvnmnt, t dscǎnt sć îdīaz.

Instroduction to Ñspel

In Ñspel: The Guardian view on energy rationing: Truss cannot be trusted

‘The prime minister’s judgment is poor – on economics, politics and diplomacy.’ Photograph: WPA/Getty Images
‘Ɖ prîm̦inistr’z jujmnt z pur – on īc̣nomics, poḷtics n dploṃsi.’ Foṭgraf: WPA/Geti Iṃjz

Ɖ Gardịn vy on eṇjiraṣ́nñ: Trus canot b trustd

(Transcription of an editorial published in the Guardian on 7 October 2022)

In a rmarcbli śort pirịd, ɖ prîm̦inistr hz istabliśt a record v seyñ ʈñz wɖ confidns ɖt trn ǎt t b roñ

Frîde 7 Octobr 2022

Guvnmnts d nt gt t ćūz ɖ weɖr, bt ɖt dz nt mīn ɖe r at ɖ mrsi v ɖ elimnts. Ɖ hardśp ɖt wd b cōzd bî a cold wintr z fōrsiybl. Śorṭjz v eṇji r nt prīdestind, bt it z rīzṇbl t worn ɖ public v ɖ dsrupśnz t s’plî, az Naśnl Grid hz dn. Ɖ cumṗni hz rezd ɖ prospect v ʈri-aur blacǎts. It z nt ɖ lîcliist s’nario, bt a fīẓbl wn f dmand fr gas ǎtstrips s’plîz fṛm ɖ rest v Yṛp.

Liz Trus dz nt wont t b ɖ prîm̦inistr hu impozd eṇjiraṣ́nñ, n apirz t fevr dnayl az ɖ meʈ̇d t avôd it haṗnñ. Ś dz nt flatli rūl ǎt eni prospect v śorṭjz, bt ś b’litlz ɖ risc bî rfyzñ t ingej wɖ it candidli.

Mnẃl, an inḟmeśncampen bî ɖ biznis dpartmnt incuṛjñ simpl eṇjisevñ bhevyrz hz rportidli bn bloct bî Dǎnñ Strīt, ostnsbli bcz v ɖ £15m cost.

Ɖt z a smōl sum cmperd wɖ ɖ tnz v biłnz ɖt ɖ guvnmnt z cmitd t spend on holdñ bilz dǎn ovr ɖ wintr. Ɖt xpndićr, ẃć wl incris ɖ fiscl deḟsit, wl b lowr f ɖr z a c’lectiv naśnl eḟt t yz eṇji frūġli. A s’xesfl campen t manij xpcteśnz n incurij consveśn wd cumftbli pe fr itslf. Ɖ biznișecṛtri, Jecb Rīs-Mog, z hardli inclînd t mc a nani v ɖ stet, bt ɖ prîm̦inistr trnz ǎt t hv an īvn mor visṛl objx́n t enʈñ ɖt smacs v guvnmntbosinis.

Mz Trus z nt a cmplit strenjr t pragṃtizm. Ś recgnîzz ɖt masiv stet inṭvnśn z nesṣri t pṛtct ppl fṛm sōrñ eṇji prîsz. Ś hz iniśietd a nesṣri ʈw in rleśnz wɖ Frans n ɖ rest v Yṛp. Ś dd, ivnć̣li, yīld t rīzn on cutñ ɖ 45p taxret.

Bt ɖ patn hz bn t arîv at a raṣ́nl pziśn bî we v its oṗzit. Bfr ś wz in fevr v subṣdiz fr eṇji ys, ś wz frmli agnst sć “handǎts” t hǎsholdz n bizṇsz. Rleśnz wɖ Prezidnt Macron onli nīdd ʈw̃ bcz ś froz ɖm wɖ cras francofobic coments jrñ ɖ Tori līdrśpcontest.

Ś abandnd a taxcut bcz īvn hr ǒn MPz ʈt it gṛtyiṭsli rwordd ɖ rić. Īvn ɖ fînanśl marcits rjctd ɖ guvnmnt’s fiscl planz in xacli ɖ we ɖt Mz Trus hd bn śr ɖe wd’nt.

In uɖr wrdz, ɖ prîm̦inistr’z jujmnt z pur – on īc̣nomics, poḷtics n dploṃsi. Ś z inamrd v radc̣lizm n cntrovsi fr ɖer ǒn sec, n apirz t meźr ɖ hrǒic boldnis v a poḷsi bî ɖ streñʈ v riax́n agnst it. Hr mntl map v ɖ p’liticl t’ren z dvîdd intu ɖ tîni îdịlojicl clīc ɖt indorsz hr planz n ɖ “anti-groʈ cọliśn” cmprîzñ evrwn els. It z popylizm wɖt ɖ popylaṛti; a reṣpi fr iratic, dvîsiv guvnmnt n sośl discntnt.

Mni Cnsrṿtiv MPz sspctd ɖt wz ɖ ces bfr Mz Trus entrd Dǎnñ Strīt. Ɖe r nǎ śr v it n wunḍrñ hǎ t limit ɖ damij t ɖer ilex́nprospects n – a matr v mć gretr rjnsi – t ɖ cuntri.

In a vri śort tîm, ɖ prîm̦inistr hz istabliśt a record v seyñ ʈñz wɖ confidns ɖt trn ǎt t b roñ. A dificlt wintr, wɖ miłnz fesñ fyl n fūd poṿti, wd dplit ɖ standñ v eni guvnmnt. Mz Trus’z admiṇstreśn imbarcs on ɖt ćalinj olrdi in a crîsis v oʈoṛti. Ś mt gt luci wɖ a worm wintr, bt it z a wìc n inadiqt līdr hu gamblz so mć on smʈñ az unpridictbl az ɖ weɖr.

Instroduction to Ñspel

In Ñspel: The Guardian view on a Tory U-turn: the problem goes beyond tax

‘Ms Truss has tied her fortunes, for the moment, to her chancellor’s.’ The prime minister listens to Kwasi Kwarteng’s speech at the Conservative conference. Photograph: Tolga Akmen/EPA
Hǎ ppl fīl ẃn fesñ an ic̣nomic crîsis ofn dsîdz ɖer ćôs in ilex́nz. Ɖt spelz dūm fr Liz Trus

Ɖ Gardịn vy on a Tori U-trn: ɖ probḷm gz bynd tax

(Transcription of an editorial published in the Guardian on 3 October 2022)

Hǎ ppl fīl ẃn fesñ an ic̣nomic crîsis ofn dsîdz ɖer ćôs in ilex́nz. Ɖt spelz dūm fr Liz Trus

Munde 3 Octobr 2022

Ɖ  public hz lost feʈ wɖ ɖ Cnsrṿtivz az a guṿnñparti ɖt cn dīl wɖ ɖ cost-v-livñ crîsis. Ɖt z ẃ ɖ Tōriz r in frīfōl in ɖ opińnpoulz. Qāzi Qarteñ’z hymilietñ U-trn ovr planz t scrap ɖ adiśnl ret v incmtax, ẃć z 45% on pe ovr £150,000, wl d litl t rstor confidns in Liz Trus’z tīm. Ɖ muv wl onli sǎr ɖ public mūd n dīpn dǎts ɖt ɖ Tōriz cn manij ɖ icoṇmi – n stedi woḅlñ hǎsholdfînansz.

Mr Qarteñ’z spīć t ɖ Tori parti confṛns hd tū ōdịnsz: ɖ frst wz in ɖ hōl; ɖ secnd wz woćñ on teḷviźn. In tōcñ abt “sǎnd muni” h cnsidd ɖt hiz guñhǒ minibujit wz enʈñ bt sǎnd. Blemñ YY lwz fr holdñ ɖ cuntri bac mt rsiv a ćir fṛm sītd acṭvists, bt it wl b met wɖ yōnz fṛm ɖ ilectṛt. Hvr, it wz Mr Qarteñ’z blîɖ dsmisl v ɖ rǎ jeṇretd bî ɖ 45% taxplan az “a litl trbyḷns” ɖt rvild hǎ ǎt v tuć h z wɖ ɖ naśnl mūd. Ɖ jîb wz nʈñ les ɖn an afrunt t ɖ miłnz v ppl olrdi fesñ spîṛlñ morgijcosts n rîzñ rents.

Ɖ tṛdiśnl wizdm z ɖt an incumñ guvnmnt wɖ an ambiśs program hd betr gt ɖ bulc v it ʈru qcli az its popylr mandet rapidli dis’pirz. Mz Trus’z probḷm z ɖt ś hz no wîdr mandet. Nwn cn unḍesṭmet ɖ abiḷti v ɖ guvnmnt t blo itslf p. Mr Qarteñ z a lạbiḷti hu òt t b dumt fr ɖ cuntri’z sec. Bt Mz Trus hz taid hr fortynz, fr ɖ momnt, t hr ćanslr’z. A mor ruʈlis prîm̦inistr wd hv cut Mr Qarteñ adrift last wīc. Ɖ longr ɖ per rmen laśt tgɖr, ɖ longr ɖ odz v ɖs guvnmnt svîvñ. Ɖt me b no bad ʈñ.

Ɖ guvnmnt’s minibujit wz a ces v ɖ Tōriz lcñ aftr ɖer ǒn: a mesij ɖt ɖ ćanslr n ɖ prîm̦inistr riinforst wɖ poḷsiz ɖt handd biznis a big taxcut n bancrz bigr pêpacits. Ɖs, ɖ ćanslr cnfrmd, wl b peid fr bî frɖr cuts v p t £18bn a yir t ɖ public srṿsz, ẃć wl d irepṛbl damij t ɖ NHS, p’līsñ n scūlz. It lcs lîcli ɖt beṇfits wl nt b upretd in lîn wɖ infleśn amd ɖ cost-v-livñ crîsis: a caḷs poḷsi ɖt afcts ɖ purist in ssayti. Ilex́nz r nt ofn wún bî telñ votrz ɖe wl hv t pe mor fr les, n wrc longr intu ɖ bargin. Nwn cn mis ɖt ɖ baḷns v tax n welfér ćenjz z biyñ tiltd frɖr in fevr v ɖ rić. Ɖ admiṇstreśn v Liz Trus dz nt ʈnc “w r ol in ɖs tgɖr”.

Ɖ ćanslr’z arğmnt z ɖt ɖz muvz r gd fr groʈ. Ɖt mt b tru in ɖ distnt fyćr. Bt ɖe rqîr ɖ cnd v lejsḷtiv ćenjz t, se, bild homz on grīn fīldz ɖt wd pṛvoc sć a baclaś amñ Tori MPz az t mc ɖm imposbl t inact. Ẃt ɖe d in ɖ śort trm z hand muni t rićr hǎsholdz n śerholdrz. Hvr, ɖs z a tîni slîs v ɖ ilectṛt. Mor n mor v ɖ public r fīlñ les s’kr abt weɖ̇rñ ɖ ic̣nomic storm. Mni votrz w’nt b fgivñ f ɖe lūz ɖer sevñz n ɖen ɖer dspoẓbl incm bcz v rîzñ hǎzñ, fūd n hītñ costs. Mz Trus n Mr Qarteñ ofr no hop fr ɖ cuntri. A fełr t dlivr īvn ɖt, alñ wɖ so mć els, òt t pruv ɖer unduwñ.

Instroduction to Ñspel

In Ñspel: The Guardian view on the Tory conference: a carnival of shame

Liz Truss at the Conservative party conference in Birmingham on Sunday. Photograph: Hannah McKay/Reuters
Liz Trus at ɖ Cnsrṿtiv parti confṛns in Brmñm on Súnde. Foṭgraf: Hana MCe/Rôtrz

Ɖ Gardịn vy on ɖ Tori confṛns: a carnivl v śem

(Transcription of an editorial published in the Guardian on 2 October 2022)

Ɖ Cnsrṿtiv parti wl rgret inflictñ a prîm̦inistr on Britn hu hz páct so mć fełr intu sć a śort tîm

Súnde 2 Octobr 2022

Ɖ  ćôs v a ny līdr wz nvr gwñ t solv probḷmz ɖt hv bn amast jrñ 12 yirz v Cnsrṿtiv guvnmnt, bt īvn Liz Trus’z firsist critics hv bn s’prîzd bî hr ifiśnsi at mcñ ʈñz wrs. Hr guvnmnt’s plan fr groʈ sīmz t b xplodñ on ɖ lōnćpad bfr it hz hd a ćans t tec of. On Súnde ɖ formr cabiṇtministr Mîcl Gov indcetd ɖt h wd nt vot fr Mz Trus’z pacij bcz it wz roñ t b cutñ tax fr ɖ wlʈiist ẃn so mni wr suḟrñ. It z stîl az wel az substns ɖt z a probḷm. It lcs caḷs fr ɖ ćanslr t b at a coctelparti seḷbretñ ɖ mini-bujit wɖ bancrz hu r its bigist winrz. Ɖ prîm̦inistr dd se ɖt ś hd got ʈñz roñ. Bt, rɖr ɖn a cors c’rex́n, Mz Trus dubld dǎn.

Ɖ parti’z ańl confṛns ɖs wīc wz olwz gwñ t b ōcẉd fr Mz Trus ẃn so mni Tori MPz prifŕd Riśi Sŭnac az a canddet fr Dǎnñ Strīt. Hīlñ ɖoz dviźnz z nt md īzịr bî ɖ vindceśn v Mr Sŭnac’s blīcist fōrcast v Mz Trus’z planz. It mt b tù mć t xpct riyl cntriśn fṛm smwn hu dfndd Boris Jonsn īvn aftr h hd bn drivn fṛm ofis fr dypliṣti n incompitns. Mr Jonsn wz at līst śrūd inuf t si ɖ ytiḷti in tacticl U-trnz. Hiz s’xesr prifŕz a rijid îdịlojicl cnvix́n best on ʈiriz abt marcitforsz ɖt ɖ fînanśl marcits r nt bayñ.

Mz Trus n hr ćanslr hv trnd ɖ YC intu a l’boṛtri fr tstñ ɖ hîpoʈ̇sis ɖt ćaṇlñ wlʈ t ssayti’z rićist tír n starvñ ɖ public sectr v rzorsz wl jeṇret an invstmntbūm v sć magṇtyd ɖt taxreṿnyz wl srj īvn az ɖ taxbes śrincs. Ɖe r ćird in ɖt indevr bî a smōl srcl v libterịn icoṇmists – ɖ sem clīc hu b’livd, in dfayns v ol evidns, ɖt cutñ Britn of fṛm ɖ YY, its nirist n rićist marcit, wd smhǎ būst tred.

Ɖ prîm̦inistr ń ɖt ś wd incǎntr opziśn, includñ dsnt wɖn hr parti. Bt ɖ posbiḷti v criṗlñ parḷmntri rbełnz wl tst hr slf-imij az a risc-tecñ mavric, un’fred t tec tuf dsiźnz. Ɖr z olso a difṛns btwn p’liticl criṭsizm n a hostîl riax́n fṛm ɖ bondmarcit. T mc hrslf unpopylr wz a probḷm fr ɖ Cnsrṿtiv parti. T cost Britn its repyteśn fr informd poḷsi mcñ z a probḷm fr evrwn, olɖo ɖ cost wl nt b flt īvnli.

Ɖ mini-bujit olso marcs a rtrn t ɖ driri poḷtics v osteṛti. Ministrz hv hintd ɖt beṇfits me nt b upretd in lîn wɖ infleśn nxt sprñ. Ɖt wd rvrs a cmitmnt md (rluctntli) bî Mr Sŭnac, undr preśr fṛm Tori MPz hu unḍstd ɖt miłnz v ppl fest desttyśn az rîzñ prîsz śrivld ɖ prć̣sñpǎr v ɖer welférpemnts. T cut ɖoz ppl adrift in a fînanśl storm wd b monstṛs – az z ɖ sjsćn bî ɖ Tori parti ćermn, Jec Béri, ɖt ɖe òt t gt betr-peid jobz. Ɖt ɖ storm hz bn ẃipt p bî ɖ guvnmnt’s ǒn fînanśl msmanijmnt onli adz spît n siṇsizm t ɖ caḷsnis.

Beṇfitcleṃnts mt b undŗeprizntd at a Tori confṛns, bt ɖ parti’z corvotrz wl nt b un’fctd bî ɖ crîsis inveḷpñ ɖer anôntd prîm̦inistr. Ɖer morgijpemnts wl rîz; ɖer NHS srṿsz wl b frɖr dńdd. Fy prîm̦inistrz aćiv ɖ scel v p’liticl n ic̣nomic err in a fl trm ɖt Mz Trus hz cmitd in a munʈ, n wɖ a flimzịr mandet ɖn most. Ɖ Tōriz mt qcli rgret hvñ ćozn hr az ɖer līdr. Wɖt ajustñ ɖer planz or ɖer top tīm, Cnsrṿtivz dzrv t pe a hevi ilectṛl prîs fr inflictñ ɖt msfortyn on ɖ rest v ɖ cuntri.

Instroduction to Ñspel

In Ñspel: The Guardian view on the Rosetta Stone: a monument to code-breaking

The Rosetta Stone in the British Museum. Photograph: Amir Makar/AFP/Getty Images
Ɖ R’zeta Ston in ɖ Britiś Ḿziym. Foṭgraf: Amir Makar/AFP/Geti Iṃjz

Ɖ Gardịn vy on ɖ R’zeta Ston: a mońmnt t codbrecñ

(Transcription of an editorial published in the Guardian on 30 September 2022)

F it wr’nt fr hymaṇti’z paśn fr criptogṛfi, wn v ɖ wrld’z most feṃs arṭfacts wd jst b a brocn slab v ston

Frîde 30 Sptmbr 2022

Ɖs wīc’s 200ʈ aṇvrsri v ɖ dīcodñ v ɖ R’zeta Ston z jeṇretñ a rer levl v petriotic xîtmnt. A seḷbreśn z undr we in Ījipt, ẃć hz bn ptiśnñ fr ɖ rtrn v ɖ ston. A sumr v luv fr its dcodr, Jean-François Champollion, culṃnets in Frans ɖs wīc wɖ ɖ oṗnñ v an xbiśn at ɖ Louvre’z saṭlît ḿziym in Lens. Mnẃl, ɖ Britiś Ḿziym – ẃr it hz lein in stet sins docñ on Britiś śorz – z girñ p fr its ǒn blocbustr xbiśn.

Yt ɖ arîvl v ɖ “vri krịs ston” in ɖ YC in 1802 woṛntd onli ɖ brīfist v mnśnz in ɖ Lundn pres, ẃć rportd ɖt it wz amñ a śiplod v Ijipśn antiqtiz c’lectd bî ɖ Frenć armi ɖt hd bcm “ɖ proṗti v ɖ concrrz”. Ɖz wr spôlz v a wor, nt agnst ɖ Ijipśnz bt agnst Npolionic forsz, sînd ovr undr ɖ Trīti v Aḷxandria.

Ɖ ston hd bn dscuvrd nir ɖ tǎn v R’zeta, nǎ Raśīd, in ɖ Nîl dlta jst ʈri yirz rlịr. V ɖ ʈri scripts wɖ ẃć it wz inscrîbd – Grīc, Coptic n hîṛglific – onli Grīc wz comprihnsbl; it wd tec anɖr tū decedz fr Champollion t hv ɖ yrīca momnt ɖt wd nt onli mc ɖ ston intu wn v ɖ wrld’z most feṃs arṭfacts, bt wd ad a ny deḟniśn t ɖ Ñgliś-lanḡj dix́nri. R’zeta Ston: brecʈru or dscuṿri ɖt pṛvîdz crūśl nolij fr ɖ solvñ v puzlz or probḷmz.

In its meṭforicl sns, ɖ ston bcem a cōlñcard fr ɖ sayns v codbrecñ: n it z in ɖs, rɖr ɖn eni qoḷti intrinzic t ɖ objict itslf, ɖt its majic lîz. Champollion’z dīcodñ v a riyli rɖr dul dcri bî a caunsl v prīsts, afrmñ ɖ royl cult v ɖ 13-yir-old Toḷmi V, pṛvîdd a ci t ɖ puzl v hîṛglifics, n ɖr-bî opnd ǎt a hol ny vista in ɖ studi v enćnt Ijipśn culćr.

Hvr, sạntific brecʈrūz r hardli evr ɖ rzult v a sngl momnt v insṗreśn, n Champollion’z wz no xpśn. Sevṛl hieroglyphic caṛctrz hd bn îdnṭfaid bî Aṛb scolrz az far bac az ɖ 10ʈ snć̣ri. Mnẃl, Toṃs Yuñ, a doctr n fizsist feṃsli dscrîbd az “ɖ last man hu ń evrʈñ”, wrct ǎt ɖt sǎnd pleid a rǒl (alñsd picṭgramz n idiogramz), wɖ a siriz v hîṛglifs sǎndñ ǎt ɖ nem Toḷmi. Ɖo Yuñ’z fîndñz dd’nt g eni frɖr, h publiśt ɖm in ɖ Insîcḷpīdia Britanica in 1819, so ɖe wd hv féd intu ɖ Frenć scolr’z ʈncñ.

Ʈru LGBTQ+ turz, ẃć r śortli t rīc̣mns, ɖ Britiś Ḿziym olso rīsntli bgan t onr anɖr cntribytr t ɖ ston’z hisṭri: Wiłm Jon Báncs, a wlʈi ge Ījiptoḷjist hu instōld an oḅlisc on hiz Dorsit istet n wz rli t sjst ɖt ɖ ʈri txts on ɖ R’zeta Ston mt ol se ɖ sem ʈñ.

Ɖ aṇvrsri śd nt jst b sìn az ɖ stori v wn briłnt codbrecr n a brocn slab v granodayrît, bt az a ćans t seḷbret ɖ c’labṛtiv jīńs v criptogṛfi itslf acrs continnts n snć̣riz.

Instroduction to Ñspel

In Ñspel: The Guardian view on the UK economy: sack Kwarteng, oust Truss

‘The prime minister and her chancellor are determined to impose a new economic orthodoxy on Britain.’ Photograph: Rory Arnold/No 10 Downing Street
‘Ɖ prîm̦inistr n hr ćanslr r dtrmind t impoz a ny ic̣nomic orʈ̇doxi on Britn.’ Foṭgraf: Rori Arnld/Nu 10 Dǎnñ Strīt

Ɖ Gardịn vy on ɖ YC icoṇmi: sac Qarteñ, ǎst Trus

(Transcription of an editorial published in the Guardian on 29 September 2022)

Ɖ crîsis wz crietd bî ɖ ny guvnmnt. Bt ɖ Britiś ppl, nt ministrz, r peyñ ɖ prîs

Ʈrzde 29 Sptmbr 2022

Liz Trus n Qāzi Qarteñ r ɖ oʈrz v ɖ ic̣nomic crîsis nǎ baṭrñ Britn n its ppl. Ɖe alon dmandd ɖ taxcutñ mini-bujit ɖt hz trigrd ɖ wrst fînanśl instbiḷti t ʈretn ɖs cuntri sins 2008. Sins ɖe, n nwn els, ǒn ɖs growñ naśnl dzastr, ɖe alon mst tec rsponsbiḷti fr it. Ny poulz śowñ record Lebr līdz demnstret ɖ toxiṣti v ɖer ax́nz.

Ɖ prîm̦inistr n hr ćanslr r dtrmind t impoz a ny ic̣nomic orʈ̇doxi on Britn. Ɖe r ebl t d so bcz Cnsrṿtiv parti membrz hv impozd a doctṛner rîtwñ līdrśp on a cuntri ɖt hz nvr votd fr it, cmitd t a f’loṣfi v smōl guvnmnt ɖt prîoṛtîzz radicl dīreğleśn ovr gretr fernis, rījnl iqoḷti n besic ic̣nomic litṛsi. It z a poḷsi pṛfǎndli ǎt v tuć wɖ ɖ valyz n prîoṛtiz v ɖ neśn – jst 19% v ɖ public ʈnc ɖ minibujit z fer. Bt it z olso ǎt v harṃni wɖ ɖ mjoṛti ɖt votd fr Brexit in 2016 n hlpt ilect ɖ Jonsn guvnmnt in 2019. Mz Trus n Mr Qarteñ gv evri impreśn v nt cẹrñ. Ɖe sīm t ʈnc ɖe r clevr n uɖr ppl r stypid.

Mz Trus md it cristl-clir on Ʈrzde ɖt ś dz nt intnd t ćenj. Ɖs z in spît v a run on ɖ pǎnd, an imploźn in ɖ bondmarcit, a śarp tîṭnñ v ɖ morgijmarcit n a nir-deʈ̒ret t ɖ pnśnfundz on ẃć ordnri ppl dpnd fr ɖer sevñz. Ol v ɖz wr fōrsiybl. Bt ol hv nǎ hapnd, n me rcŕ. T plǎ ahd wɖ sć poḷsiz z nt mirli cruwl bt olso intnsli aṛgnt.

Fr ɖr z undǎtidli wrs t cm. Blūmbrg calkletd ʈri dez ago ɖt YC marcits hv lost $500bn sins Mz Trus bcem prîm̦inistr ɖs munʈ. Ɖoz numbrz r rîzñ. Snr or lêtr, ɖ Banc v Ñgḷnd wl rêz inṭrestrets sgnificntli. Ɖt wl crb dmand, nt būst it. Freś spendñcuts – fṛm a guvnmnt ɖt wz ilectd seyñ ɖt it wz nǎ tîm t invst proprli in ǎr fyćr – r srtn. So r beṇfitcuts fr cleṃnts n t pnśnz – ɖ latr in d’rect brīć v ɖ 2019 maṇfesto. Mz Trus n Mr Qarteñ cōzd ɖs probḷm, bt ɖ public r peyñ ɖ prîs fr it.

Olɖo ɖ prîm̦inistr n ɖ ćanslr se ɖe r dtrmind t oṿtrn Treẓ́ri orʈ̇doxi, ɖe hv qcli imbrest its instñt t cut spendñ. Ɖs hlps enśur ɖt Britn’z rseśn wl b longr n dīpr. Wejz wl fōl frɖr bhnd infleśn, n industrịl dspyts, nt jst in public srṿsz, r lîcli t gro. Eṇjiprîsz me hv bn capt, bt it wl b a riyli tuf wintr fr miłnz. Bizṇsz wl fold ɖt wd nt uɖ̇wz hv dn.

Mz Trus n Mr Qarteñ r nt jst roñ bt incompitnt. Ɖe sact ɖ hed v ɖ Treẓ́ri. Ɖe unḍmaind ɖ Banc v Ñgḷnd. Ɖe rfyzd t sbmit ɖer planz t ɖ indipndnt Ofis fr Bujit Rsponsbiḷti fōrcastrz. Ɖe anǎnst no plan t brñ ɖ public fînansz bac intu baḷns. N, hvñ spūct ɖ marcits olrdi, ɖe ɖen spūct ɖm agn bî hintñ ɖt īvn mor unfunded taxcuts r on ɖ we lêtr.

Ɖs cuntri hz rerli nīdd a jenṛl ilex́n n a ny guvnmnt mor rjntli ɖn it dz tde. Bfr ɖt, hvr, ɖ Cnsrṿtiv parti itslf nīdz t grasp ɖ moṛl, ic̣nomic, sośl n p’liticl sirịsnis v ɖ cors on t ẃć it hz bn haijact. P’liticli, Mr Qarteñ z nǎ a ded man wōcñ. H śd g qcli. Az prîm̦inistr, Mz Trus me hañ on. Bt ɖ unfgiṿbl ivnts v ɖ past wīc mīn ɖt, fr hr tù, ɖ end z nî n ɖ dai z śrli cast.

Instroduction to Ñspel

In Ñspel: The Guardian view on the financial crisis: a meltdown made in Downing Street

‘The Bank of England’s emergency intervention in financial markets on Wednesday qualifies as a crisis.’ Photograph: Jonathan Brady/PA
‘Ɖ Banc v Ñgḷnd’z imrjnsi inṭvnśn in fînanśl marcits on Wnzde qoḷfîz az a crîsis.’ Foṭgraf: Joṇʈn Brêdi/PA

Ɖ Gardịn vy on ɖ fînanśl crîsis: a meltdǎn md in Dǎnñ Strīt

(Transcription of an editorial published in the Guardian on 28 September 2022)

Liz Trus’z frst big poḷsi hz bn śot dǎn bî fînanśl marcits – n hr ic̣nomic creḍbiḷti średd

Wnzde 28 Sptmbr 2022

Poḷtiśnz n jrṇlists scatr ɖ wrd “crîsis” lîc sōlt ovr hot ćips, bt evri nǎ n ɖen ɖ trm riyli aplîz. Ɖ Banc v Ñgḷnd’z imrjnsi inṭvnśn in fînanśl marcits on Wnzde qoḷfîz az a crîsis – fr ɖ Banc, ɖ guvnmnt n ɖ public. Ɖs z a crîsis md in Dǎnñ Strīt, n it z nt ovr yt.

Jst last Frîde, Qāzi Qarteñ unveild ẃt h rfyzd t cōl a mini-bujit. It dd in fact ranc az wn v ɖ most sgnificnt bujits in 50 yirz, wɖ £45bn in taxcuts. Ɖz gv’wez hd nt bn dmandd bî vast sweɖz v votrz. Mni bizṇsz n icoṇmists ʈt ɖm uņesṣri, īvn westfl. Ɖe cem aftr an eṇji-s’port pacij wrʈ £150bn ovr tū yirz, n ẃl ɖ YC z hvñ t boro evr mor muni t pe fr importd fyl, fūd n mańfacćrd gdz. Yt ɖ ćanslr hd nt priperd invstrz fr ol ɖs spendñ, hd dcrìd ɖ Ofis fr Bujit Rsponsbiḷti śd nt ćec hiz sumz, n olso pśt ǎt Tom Scolr, ɖ Treẓ́ri’z top sivl srvnt. Alñ wɖ Liz Trus, Mr Qarteñ hd spent munʈs dcrayñ ɖ Treẓ́ri’z “abc̣s īc̣nomics” n olso dmandñ a śec-up at ɖ Banc v Ñgḷnd.

Fest wɖ ol ɖs insttyśnl instbiḷti n slipśod poḷsi, marcits riactd increḍbli badli. Ɖ pǎnd hz c’lapst n bondmarcits hv ol bt frozn p. Ɖ fri-marcit ʈnctancs n mīdia ǎtrîdrz hu hlpt rait ɖ bujit nǎ lc les lîc ɖ xprts on capiṭlizm ɖe clemd t b, n mor lîc xtrimist cbalz on a difṛnt planit fṛm votrz n invstrz. Īvn ɖ IMF, nt noun fr its cnsrn wɖ îɖr groʈ or tac̣lñ iniqoḷti, leid intu ɖ ćanslr’z planz. Ɖ IMF z qt hapi t slap dǎn poḷsi mcrz in Izlaṃbad or Cgāli; it z yẓ́li rɖr mor srcmspect abt criṭsîzñ G7 cuntriz ɖt ranc amñ its mejr śerholdrz. Six yirz n ʈri prîm̦inistrz on fṛm ɖ Brexit vot, ɖ YC lcs vri îṣletd on ɖ wrldstej. Ɖ guvnmnt ɖt ʈt it cd rip p ɖ Norɖn Îrḷnd proṭcol n rneg on ol manr v inṭnaśnl dīlz hz bn rwordd wɖ ɖ cold śoldr bî ŕstẃl alîz hu mt uɖ̇wz ofr s’port.

On Wnzde ɖ Banc guvnr, Andru Beili, wz forst t step in, bayñ loñ-trm guvnmntbondz in ordr t sev Mr Qarteñ fṛm hiz ǒn mes. Ɖs wl nt b a wn-of reskmiśn bt an intîr program v dêli prć̣sz lastñ untl mid-Octobr. Bondtredrz injoid a wn-we bet fr ɖ past wīc in selñ gílts. Ɖe nǎ hv a wn-we bet fr a fortnît in bayñ ɖm. A nîs biznis t b in. Bt fr ɖ Banc ɖs z a hyj mes. It wontd t rvrs qontittiv īzñ, nǎ it z dwñ sm mor. It pland t incris rets, nǎ it z undr preśr t jac ɖm p vri sn. Mr Beili apaṛntli b’livz h cn cari on az norml n mc hiz nxt ret dsiźn wɖ colīgz az scejld in Nvmbr. Ɖs no longr lcs plōzibl.

Fr Mr Qarteñ n Mz Trus, ɖs z an unmiṭgetd dzastr. Ɖer frst mejr poḷsi hz bn śot dǎn bî fînanśl marcits, ɖer clemz t ic̣nomic compitns średd. Nʈñ ɖ Lebr līdr, Cir Starmr, cd se wd d az mć fr hiz poulretñz az ɖ public yslisnis v ɖz tū. Bt, sadli, īvn f ɖ Banc’s mnuṿrñ wrcs, ɖ consiqnsz wl b flt mć mor wîdli, in hayr morgijbilz n importprîsz. N ɖ guvnmnt z olrdi hintñ at sgnificnt spendñcuts. T d so wd b a contṛvnśn v ɖ Cnsrṿtivz’ 2019 maṇfesto, ẃć md hyj spendñproṃsz on hospitlz, p’līs n scūlz. It wd olso frɖr irod public srṿsz n a public relm olrdi in denjṛsli il hlʈ.

Instroduction to Ñspel

In Ñspel: The Guardian view on Keir Starmer’s speech: starting to stand for something

Sir Keir Starmer delivers his keynote speech at the Labour party conference in Liverpool. Photograph: Adam Vaughan/EPA
Sr Cir Starmr dlivrz hiz cīnot spīć at ɖ Lebr parti confṛns in Liṿpul. Foṭgraf: Adm Vōn/YPA

Ɖ Gardịn vy on Cir Starmr’z spīć: startñ t stand fr smʈñ

(Transcription of an editorial published in the Guardian on 27 September 2022)

Ɖ Tōriz hv crietd a dīpli unīql cuntri wɖ felñ srṿsz. Ɖ Lebr līdr’z confṛns’dres set ǎt a viźn v a difṛnt stet

Tyzde 27 Sptmbr 2022

Sr Cir Starmr’z confṛnșpīć in Liṿpul wz hiz frst az līdr t b emd sqerli at votrz rɖr ɖn partideḷgets. H hz spent mć v ɖ last tū yirz ruʈlisli tîṭnñ hiz grip ovr ɖ parti mśīn. Ɖs wīc h sìld hiz vicṭri ovr hiz intrnl oponnts bî drepñ ɖ yńn jac ovr ɖ stej n gtñ hiz parti t sñ ɖ naśnl anʈm. Sr Cir’z ax́nz wr nt a rpydieśn v ɖ parti’z inṭnaśṇlizm, bt an imbres v ɖ neśn so it cn b rīcast in a “fẹrr, grīnr” we.

H dd tec a swîp at hiz left-wñ critics, seyñ Lebr nǎ pt “cuntri frst, parti secnd”. Bt h trênd hiz gunz on ɖ Tōriz, akzñ ɖm v ptñ slf-inṭrest bfr neśn. H argyd ɖt Britn dz nt hv t b, az ɖ Tōriz hv md it, a dīpli unīql cuntri wɖ a stet ɖt canot pṛvîd besic srṿsz. Ɖ guvnmnt’s ic̣nomic inepttyd riscs hayr infleśn n scîroc̣tñ inṭrestrets. Sr Cir spouc v a wmn telñ him: “I d’nt jst wont t svîv; I wont t liv” – wrdz ɖt wl reẓnet wɖ mni votrz hu fīl ɖe hv wrct hard bt got nʈñ in rtrn.

Lebr’z welcm mesij wz ɖt ɖ guvnmnt rmenz an indispnsbl actr in ptñ ʈñz rît. Sr Cir’z anaḷsis z ɖt hu cntrolz ɖ naśnl icoṇmi, n t ẃt end, z importnt. Lîc anɖr Lebr līdr – Haṛld Wilsn – campenñ olmst 60 yirz ago t win pǎr aftr a deced in ɖ wilḍnis, Sr Cir plejd t rīforj ɖ cuntri. Ẃr-az Wilsn yzd ɖ “ẃît hīt” v ɖ sạntific reṿluśn, tde Lebr wonts Britn t bcm a “grīn-groʈ sūṗpǎr”. At ɖ hart v ɖ plan z a stet-ǒnd cumṗni, “Gret Britiś Eṇji”, ɖt wd criet 1m ny jobz. Hiz rfreśñ arğmnt, hond bî hiz colīg Ed Miḷband, z ɖt ɖ stet cn dplô rnywbl eṇji qcr – n capćr mor v its beṇfits – ɖn f ɖ job wz left t foṛn stet-ǒnd enttiz n prîṿt-eqti actrz.

Sr Cir rápt hiz poḷtics in ɖ flag fr a rīzn: t cōl ǎt prîṿt inṭrests ɖt ɖ Tōriz hv fevrd, bt ẃć unḍmain naśnl cḿṇti. Lebr hz set a targit v rezñ homǒnrśp t 70% wɖ “a ny set v p’liticl ćôsz” ɖt wd stop landlordz n landspekletrz goḅlñ p ny hǎzñstoc. Sr Cir tućt on iniqoḷti, hîlîtñ ɖ rǒl ɖ Siti plez bî rêsñ ahd ẃl “ɖ rest v ɖ cuntri stagnets”. Ɖ Lebr līdr z no popylist, bt in emḟsîzñ ɖ neśn h fōrgrǎndz a poḷtics v ɖ mni agnst ɖ fy.

Ɖr z a denjr ɖt Lebr fōlz intu ɖ trap v riax́nri naśṇlizm. Ẃl ptñ ɖ îdīa v Britn at ɖ sntr v poḷtics mt apil t votrz – ispeṣ́li oldr wnz – in Ñgḷnd, it hz les pl in Scotḷnd. Sr Cir nīdz a consttyśnl ansr t ɖs cnundṛm; bt hiz spīć dd nt ofr wn. Līvñ ɖ YY wz an act v slf-harm bt h ʈncs ɖr’z no we bac. Brexitrz dres p pro-gloḅlîześn poḷsiz in naśṇlist cloɖz. Ɖ Lebr līdr plenli fīlz h hz litl ćôs bt t ofr a Lebr Brexit – v betr wrc, hayr wejz, n a modn NHS – az an oltrṇtiv t ɖ Tori wn.

Gvn ɖ inṭvnśnz bî ɖ stet sins ɖ pandemic, wn mt hv hopt h wd rstor public srṿsz at līst t ɖer pri-2010 formz. Unforćṇtli fr Britn, ɖ Lebr līdr sd hiz “sǎnd fînans” planz mnt h cd nt fix ɖ fełrz v a deced eni tîm sn. Lebr, it sīmz, c’nt jst b ɖ parti v ɖ larjr stet. It hz t b ɖ parti v a difṛnt stet. Sr Cir z startñ t stand fr smʈñ. Sm wd lîc him t b boldr. Bt hiz spīć wz gd nyz fr ɖ cuntri in wn importnt we: Sr Cir hz a betr grip on ɖ preznt ɖn ɖoz h sīcs t rples.

Instroduction to Ñspel

In Ñspel: The Guardian view on Kwasi Kwarteng: pride before a fall

Kwasi Kwarteng on the BBC’s Sunday Morning. By the end of the day on Monday he had to come clean about his programme. Photograph: Jeff Overs/AFP/Getty Images
Qāzi Qarteñ on ɖ BBC’z Súnde Mornñ. Bî ɖ end v ɖ de on Munde h hd t cm clīn abt hiz program. Foṭgraf: Jef Ovrz/AFP/Geti Iṃjz

Ɖ Gardịn vy on Qāzi Qarteñ: prîd bfr a fōl

(Transcription of an editorial published in the Guardian on 26 September 2022)

Ɖ ćanslr clemd h wd trîumf ovr Treẓ́ri orʈ̇doxi. Bt it hz trîumft ovr him

Munde 26 Sptmbr 2022

Hvñ becnd ɖ ćanslr, Qāzi Qarteñ, wɖ ɖ lur v groʈ, ɖ inviẓbl hand v ɖ marcit hz grabd hiz planz bî ɖ scruf v ɖ nec n śecn ɖm mrsilisli. Invstrz plenli d nt b’liv ɖt taxcuts wl līd t ɖ ic̣nomic groʈ Mr Qarteñ dzîrz. Ɖe wuri ɖt ɖ Banc v Ñgḷnd w’nt rêz rets t brñ dǎn infleśn. Ɖ jîreśnz in ɖ marcits léd t imrjnsistetmnts fṛm ɖ Treẓ́ri n ɖ Banc on Munde afṭnun ɖt sòt t rstor confidns. It’s unclir ẃɖr ɖz wl b inuf t cām ʈñz dǎn.

Ɖ mes wz pridictbl – n larjli dǎn t Mr Qarteñ’z rfyzl t xplen ẃt h wz dwñ. Siti aṇlists wr left in ɖ darc on Frîde abt hǎ ɖ guvnmnt wd incris ɖ valy v gdz n srṿsz in ɖ icoṇmi. Mr Qarteñ olso dd nt pṛvîd a comprihnsiv Treẓ́ri plan. H śrugd ẃn asct abt marcitriax́n t hiz îdīaz, nonśḷntli seyñ ɖe “wl riact az ɖe wl”. Ẃl Mr Qarteñ hd litl t se abt ɖ marcits, ɖe hd a lot t se t him.

Ɖ pǎnd bǎnst lîc a yo-yo on Munde. Guvnmnt borowñcosts – ɖ inṭrest on gílts – rouz śarpli. Lendrz pld ɖer morgijproducts. Bî ɖ end v ɖ de, Mr Qarteñ hd t cm clīn abt hiz program. H sd h wd, bî Nvmbr, xplen hǎ ɖ guvnmnt intndd t mc gd on hiz promis t rdys naśnl dét in ɖ mīdịm trm n ɖt ɖs wd b vetd bî ɖ Ofis fr Bujit Rsponsbiḷti. Ẃl ɖ bujit w’nt arîv untl nxt sprñ, Mr Qarteñ sd ɖt ɖr wd b dīteld pṛpozlz rlist in ci eriaz – sć az iṃgreśn – in ɖ nxt tū munʈs. Ɖ guvnmnt rmenz cmitd t osteṛti. T hv public sectr dét fōlñ bî 2026-27 wd rqîr spendñcuts v arnd £35bn.

Mr Qarteñ cem intu ofis clemñ h wd trîumf ovr Treẓ́ri orʈ̇doxi. Bî ɖ end v Munde, it hd clirli trîumft ovr him. Ẃɖr ɖ ćanslr’z program svîvz intact in ɖ longr trm z an opn qsćn. Ɖ repyteśn v ɖ Banc v Ñgḷnd z olso on ɖ lîn. F ɖ sntṛl banc z forst t rêz inṭrestrets in a sîẓbl we bfr its scejld Nvmbr mītñ, ɖs me trn a rseśn intu a dpreśn. Miłnz v YC hǎsholdz wl nt b ebl t pe ɖer morġjz f rets śūt scîẉdz. Rentrz wl olso fes hayr bilz. It wd b betr fr ɖ Banc t pōz its planz t unwînd its qontittiv-īzñ program. Britn’z ćenjñ fiscl stans – ispeṣ́li aftr ɖ śoc v Brexit – mcs it mor vulnṛbl in unsrtn tîmz.

Ẃt hz bcm clirr z ɖ śep v poḷtics. At its ańl confṛns, Sr Cir Starmr’z Lebr parti imbrest guvnmnt inṭvnśn t fix a ssayti left brocn aftr mor ɖn a deced v Tori rūl. Ɖs z ɖ rît ʈñ t d n pṛvîdz a platform ɖt dstnḡśz Lebr fṛm ɖ Tōriz. Ẃɖr it wz ɖ śado clîṃtsecṛtri, Ed Miḷband, mcñ ɖ ces fr a stet ɖt invsts in n ǒnz stecs in inḍstri t grīn ɖ icoṇmi, or ɖ śado ćanslr, Rećl Rīvz, seyñ ɖt Tori taxcuts wd b rvrst n ɖ caś plaud intu trenñ doctrz n nrsz, Lebr z wrcñ t a difṛnt crīd t ɖ Tōriz. Sr Cir’z parti z ǎtlînñ a brōd sośl viźn t ćart a we fwd – ẃć z in welcm contrast t ɖ Tōriz deṣcetd feʈ in ɖ ruʈlis psyt v slf-inṭrest.

Instroduction to Ñspel

Fṛm Đ Obzrvr: Liz Truss’s disastrous ‘fiscal event’

Liz Truss and her chancellor, Kwasi Kwarteng, have delivered a financial package straight out of the Singapore-on-Thames fantasy of right-wing Tory Brexiters. Photograph: WPA/Getty Images
Liz Trus n hr ćanslr, Qāzi Qarteñ, hv dlivrd a fînanśl pacij stret ǎt v ɖ Snġpor-on-Tmz fanṭsi v rît-wñ Tori Brexitrz. Foṭgraf: WPA/Geti Iṃjz

Ɖ Obzrvr vy on Liz Trus’z dzastṛs ‘fiscl ivnt’

(Transcription of an editorial published in the Observer on 25 September 2022)

Ɖs wz a brezn gambl ɖt cn onli damij Britn’z fyćr

Súnde 25 Sptmbr 2022

Ɖ  frst mejr fiscl inṭvnśn bî a ny prîm̦inistr hz śrli nvr bn grītd wɖ sć wîdspred dsden. Les ɖn ʈri wīcs intu Liz Trus’z premịrśp, hr ny ćanslr, Qāzi Qarteñ, anǎnst ɖ bigist program v taxcuts in haf a snć̣ri, wn ɖt wl beṇfit ɖ vri wlʈiist ẃl adñ tnz v biłnz t ɖ naśnl dét. Ɖ marcitriax́n wz instnteńs: ɖ pǎnd dropt t its lǒist levl agnst ɖ dolr sins 1985. Ɖ “groʈplan” wz rubiśt bî ʈnctancs sć az ɖ Insttyt fr Fiscl Studiz. Bac-bnć Cnsrṿtivz lambastd ɖ plan az “ic̣nomicli dybịs”. N Lari Sumrz, ɖ formr YS Treẓ́risecṛtri, akzd ɖ YC v bhevñ lîc an “imrjñ marcit trnñ intu a submrjñ marcit”.

Ɖoz r jst vrdicts on ɖ substns v Frîde’z rmarcbl anǎnsmnts. Ɖ YC icoṇmi z suḟrñ az a rzult v ɖ globl eṇjiprîs śoc n a deced v pur prodctivtigroʈ, md wrs bî irectñ hyj barịrz t tred wɖ ɖ YY. Ɖz srcmstansz r mcñ evrwn purr, wɖ ptiklrli deḷtirịs consiqnsz fr lo-incm hǎsholdz wɖ ćildṛn, ppl wɖ dis’biḷtiz n pur pnśnrz. Ẃt z despṛtli nīdd z rjnt s’port tarġtd at ɖ hardist-hit hǎsholdz, plus ɖ invstmnt in scilz, infṛstrucćr n biznisfînans t rībaḷns ɖ icoṇmi awe fṛm groʈ best on cnsymrspendñ, fyld bî rîzñ hǎsprîsz, n twdz biznis invstmnt n xports.

Instd, Qarteñ hz anǎnst a set v taxcuts ɖt ćanl hyj genz t ɖ vri rićist n a scatrgun plan fr dīreğletñ ɖ icoṇmi. Dspt ɖ fact ɖt ɖs z a hyjli sgnificnt fiscl inṭvnśn, h hz privntd ɖ indipndnt Ofis fr Bujit Rsponsbiḷti fṛm pṛdysñ its ǒn fōrcasts, implōẓbli clemñ hiz meźrz wl pt ɖ YC on a paʈ t trend groʈ v 2.5%. Bt – qac īc̣nomics asd – ɖr z no plōẓbl ʈiyri v ćenj ɖt lincs Qarteñ’z taxcuts t sć boynt groʈ. Ɖe wl mc s purr az ɖ détbrdn b’lūnz.

Ɖ taxcuts wl hv teṛbl consiqnsz fr levlz v iniqoḷti n poṿti in Britn. Īvn bfr ɖ eṇjiprîs crîsis, lo-incm hǎsholdz fest a grim rec̣nñ: a deced v cuts t taxcredits bî Cnsrṿtiv ćanslrz, ẃć peid fr taxcuts dispṛporśṇtli beṇfitñ ɖ mor aflụnt, hz ript opn ɖ fînanśl seftinet so importnt fr lo-peid peṛnts t cīp ćildṛn ǎt v poṿti. Hǎsholdz in rsit v yṇvrsl credit wl b olmst £1,500 a yir wrs of fṛm Octobr az a rzult v infleśn n rîzñ eṇjiprîsz. Ɖ Reẓluśnfǎndeśn hz fōrcast ɖt, tecñ intu acǎnt yesṭde’z anǎnsmnts, anɖr 700,000 ćildṛn wl b livñ in poṿti in tū yirz’ tîm, wɖ consiqnsz fr ɖer edyceśn, hlʈ n implômnt fr ɖ rest v ɖer lîvz.

Mnẃl, it z ɖ rićist hu stand t gen most fṛm last wīc’s anǎnsmnts, includñ ɖ scrapñ v ɖ 45% taxret n ɖ cap on bancrz’ boṇsz. Ppl wɖ incmz v les ɖn £155,000 wl pe mor incmtax fṛm nxt Epril; ɖoz on mor ɖn ɖs wl gen, ofn sbstanṣ́li: smwn wɖ an ańl incm v mor ɖn £1m wl b mor ɖn £40,000 a yir betr of. Hǎsholdz in ɖ top 5% v wlʈdistṛbyśn wl gen, on aṿrij, mor ɖn £8,000 a yir az a rzult v Qarteñ’z ćenjz; ɖoz in ɖ purist 10% gt nʈñ. Ɖt wd iqet t pṛvîdñ s’port v £2,000 fr evri hǎshold amñ ɖ purist 20%, ẃć wd d far mor t būst groʈ gvn ɖt ɖ wlʈi r mor lîcli t sev ɖ rwordz ɖe gen. Az a rzult v Qarteñ’z fiscl lūṣnñ, ɖ Banc v Ñgḷnd z olmst srtn t hîc inṭrestrets īvn frɖr in ɖ cmñ wīcs, inflictñ frɖr pen on ɖoz wɖ morġjz or in dét. N, ẃn ɖ promist groʈ felz t mtirịlîz, ɖs z lîcli t pś ministrz twdz cutñ public-srvis bujits frɖr, īvn az NHS n scūl fînansz r olrdi undr svir stren.

Ɖr z no deṃcratic mandet fr ɖs pacij: Trus hz nvr wún a jenṛl ilex́n n ɖ meźrz marc a hyj śift fṛm ɖ 2019 maṇfesto. Bt ɖ Qarteñ pacij z ɖ oft hopt-fr desṭneśn v ɖ hard-rît Tori flanc. Fr ɖm, Brexit wz olwz a mīnz t an end: t slaś taxz n reğleśnz t a dgri ɖt ivedd īvn Marġrit Ʈaćr. Bt ɖr z nʈñ Cnsrṿtiv abt gvñ uņesṣri handǎts t ɖ rić n brḍnñ ɖoz in ɖer 20z n 30z wɖ ɖ cost v fînansñ ɖ xtrordnri rîz in ɖ naśnl dét fr ɖ rest v ɖer wrcñlivz. No cuntri hz s’xesḟli aćivd groʈ ʈru ɖz mīnz. Ɖ “Snġpor-on-Tmz” fanṭsi v Cnsrṿtiv Brexitrz z jst ɖt: Snġpor z a tîni, oʈoṛterịn sitistet ɖt spendz a gret dīl on its hîli activ industrịl poḷsi. Wn acdemic studi v 18 OICD icoṇmiz faund ɖt taxcuts d nʈñ fr groʈ n instd incris incm iniqoḷti.

Trus n Qarteñ’z îdịlojicl aproć criets a sgnificnt ćans fr Lebr t śo it hz an oltrṇtiv ic̣nomic viźn fr Britn at its particonfṛns ɖs wīc. Cir Starmr hz sd ɖt Lebr wd invst in mcñ Britn slf-sfiśnt in ilectriṣti bî 2030, bî būstñ rnywbl sorsz v eṇji, n ɖt z xacli ɖ bold ʈncñ ɖ cuntri nīdz. Bt ɖ teṛbl truʈ z ɖt huevr winz ɖ nxt ilex́n wl inherit wn v ɖ wrst-evr ic̣nomic ǎtlŭcs az a product v Trus’z brezn, îdịlojicl xperimnt. It wl cost ɖ cuntri dir.

Instroduction to Ñspel