[Appleby] Economics and Chocolate Coins for all

Day 1,137, 09:27 Published in United Kingdom United Kingdom by Sir Humphrey Appleby


Good afternoon Britain, and a very happy New Years Eve!

As promised, I have completed my economic manifesto after advice from several of the country’s greatest economists; and submit them for your entertainment. You can find my domestic manifesto here, and my declaration of intent here. I hope you’ve enjoyed them so far.

Don't worry! There is a tl;dr version at the bottom.


Your chocolate coin!

But why is our economy important? Well, the military and political modules of the game may be slightly more interesting, but at the end of the day – wars are won by better arms and jobs are lost by bad currency. A strong economy is the key to a tougher and healthier nation; as well as the foundations of our might on the world stage. It is thus vital that the next term oversees a ‘firm hand on the tiller’ and careful guidance for a prosperous nation.


Current Minister of Finance, Mr. Thatcher

Ministry of Finance

My position when it comes to the strength of the GBP is that it should remain flexible in order to reflect the changing needs and demands of our economy. A currency either too high or too low is, obviously, quite damaging for business and I am very happy with our current Minister’s work on the matter. I feel that deliberately trying to force our currency down would hurt imports that are necessary in our economy, and the benefits that devaluation would bring to exports would not cover it.

The MoF and I will be listening to any economic grievances from any entrepreneur on the matter of the economy, and we will work to allow a fast response to meet their needs (if necessary). Articles and guides will be published on how to use the Money Market, as well as various tips of the value of GBP and gold. I am quite sure that Thatcher is more than capable of conceding to even the most reasonable of requests 😛.

Finally, I will increase income tax to 20% and reduce VAT to 1% across the board. Wages are increasing in the country, and thus a majority of our tax income derives from it. The increase in income tax will give us more money to fund MPPs and other state-funded projects, and the lowering of VAT will allow goods to be bought and sold far more competently on the markets. It will also allow communes to pay slightly more towards the upkeep of their country. This should handle the issue of inflated wages and produce cheaper goods for the nation to enjoy.

Naturally, Import Taxes will be modified in reflection to this; which brings me onto the Ministry of Trade…


The British Pound.

Ministry of Trade

One of the main failings of this Ministry was the ‘Small Businesses’ plans of helping small business managers in developing their companies and assisting them into the market. The system was complicated, wasn’t advertised nearly enough and the only people interested were the people in the Ministry of Trade themselves. I feel a great more achievement can be made by simply creating more guides and articles on the basics on how to run a business. As no financial support has been given to this scheme despite former promises it would; I feel it’s mainly education we should work on here. I expect the Ministry of Trade to be working with the Ministry of Media with this.

Additionally, as stated somewhere above, the recalibration of taxes would mandate a thorough report in ways to modify income tax in order to defend eUK businesses from excessive foreign imports. I am confident that the skilled staff in this Ministry will be able to do this fairly quickly; especially in calculating the additional income we would receive from these changes in taxes. I have already seen a couple of sums by Blag, a former Minister of Trade, and he has indicated the benefits that this recalibration would give. Thatcher has supported it as well.

Despite our 25% bonus for Iron, this industry is near unprofitable with far cheaper weapons from China and Hungary. Raising taxes for Iron would make weapons manufacturing in Britain completely unprofitable, thus, I shall not be raising taxes on this product.


Happy Iron is happy

tl;dr
-Increase Income tax to 20% across the board
-Reduce VAT to 1% across the board
-Flexible GBP
-More articles explaining the economy
-More articles advising how to run your business
-More research into the best way of taxes.

And that’s it from me, I shall see you shortly with my Military and Foreign Affairs Manifesto 😃.

Yours,


Sir Humphrey Appleby and Daniel Thorrold
Prime Ministerial and Deputy Prime Ministerial candidates.