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The Books
Treasury: £257,035.01 ---> £ 356,549.22(as of 16:00 Day 3,037)
Long-Term Deposits (Woldy's Angels Act): £400,000.00
Government Organisations: £71,074.85 (£19,265.00 on MM) (82.96 Gold)
Tax Income: £118,592.22
Loaned Organisations Income: £1,000.00
Donations: £0.00
Bank of England Trust MM Scheme Income: £32,838.94 ---> £44,206.13
MPP Fees: £20,000.00 (Venezuela, Belgium)
MoD CO Spen😛 £0.00


Introduction

Your second report of the term from the Ministry of Finance.


Market Log

A look at recent market trends





Revenue
A track on what is recorded on France's and our Country > Economy Page






Work Tax

You may have seen that Congress has recently voted to raise work tax to 6%. I have been asked a few questions from citizens so thought it best to present some information to help you understand what the change means for you and what it means for the UK.

Firstly for "low profit" Factories and Raw Material Companies, by "low profit" I mean those which tend to generate less than £20.00 daily "work as manager" profit excluding the cost of raw material if applicable measured against a range of tax rates from 1% to 10%.


Next for "medium profit" Factories and Raw Material Companies, by "medium profit" I mean those which tend to generate more than £20.00 but less than £90.00 daily "work as manager" profit excluding the cost of raw material if applicable measured against a range of tax rates from 1% to 10%.


Next for "high profit" Factories by "high profit" I mean those which tend to generate more than £90.00 daily "work as manager" profit excluding the cost of raw material if applicable measured against a range of tax rates from 1% to 10%.


Finally an average daily eUK income from taxation measure against a range of tax rates from 1% to 10%.


As you can see the Factories and Raw Material Companies run on the smallest profit margins are affected most by changes in Work Tax rates as it is linked to the average daily wage not goods sold. It is also worth noting that this graphs won't remain static as they are based solely on current market prices and today's calculation work tax which all fluctuate. In addition profits for factories are exaggerated as the cost of raw materials is excluded.



Bank of England Monetary Market Trust

As a reminder the Ministry of Finance is taking advantage of the increased demand on gold price on the monetary market by opening a Bank of England Trust for citizens and allies to invest in. The Ministry of Finance has currently resumed offers after a temporary halt after an assessment of market conditions has suggested the MM has return to a period of stability safe to deploy investments in.

Seven citizens have invested into the Trust and monetary market offers placed from a number of eUK Government Organisation reserved for use by the Bank of England. The monetary market profits have been agreed to be split 60% to the citizen and the remaining 40% for the Treasury to reinvest/store in reserves. Any monetary market profits made will be reported in future MoF Reports.

Currently the Bank of England Monetary Market Trust has made profits of;

£44,206.13 for the UK
£66,309.18 for private citizens

Please get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.



Player Support Programme and Training Ground Loans

Citizens which have received a TG loan from the MoF during the lastest training ground promotional periods;

Aleksandar.V Popovic - 20 Gold (although 10.00 Gold was returned)
MikeyL - 2 Gold
MikeyL - 7 Gold

Upgrading your strength buildings is the best way to earn income as it allows you to receive Super Solider medals much quicker. A Q4 Weights Room & Q4 Climbing Center (without any contract training) earns the most money of any training/contract combination. Together they will earn you 13.38g/month (0.446g/day) after you pay the daily training.

During promotional periods training ground upgrades are reduced;
To upgrade your Weights Room, Climbing Centre, Shooting Range or Special Forces Centre it costs 45% less for each incremental rise is quality.





Close

For any further information don't hesitate to contact me.

Huey George - Minister of Finance and Governor of the Bank of England