> "this is text translated to a phonetic version" goes to "ðɪs ɪz tɛkst trænzˈleɪtɪd tuː ə fəʊˈnɛtɪk ˈvɜːʒᵊn" in British pronunciation and "ðɪs ɪz tɛkst trænˈsleɪtɪd tu ə fəˈnɛtɪk ˈvɜrʒən" in American.

These samples are using the International Phonetic Alphabet, which isn’t really designed for the purpose of being a practical orthography — it’s used as a language-independent transcription method which can represent any sound. (That’s also why the British and American versions are different: different accents use different sounds, so they’re transcribed differently.) So this isn’t really a ‘phonetic spelling of English’, though it’s easy to see where the confusion comes from.