Join the new world

The Books
Treasury: £676,977.11 ---> £1,110,874.75 (as of 16:00 Day 3,490)
Government Organisations: £1,124,111.69
Tax Income (including donations): £549,534.00
Bank of England Trust MM Scheme Income: £506,349.15 ---> £538,214.35*
Bank of England Government MM Scheme Income £114,668.81 ---> £114,668.81*
*Monetary Market Trading reopened Day 3,456 to Day 3,474 however it has been temporary suspended again as the conversion rate cc into gold has dropped to 0.002 as gold prices reached 500+ cc for 1 gold to allow the MoF to review market conditions
MPP Fees: £130,000.00 (Cuba, Spain(x2), Serbia (x2), Bulgaria, Israel, Indonesia, Macedonia, Canada, Slovenia, Romania, Iran)
Minimum Wage increased to 100.00 GBP Day 3,478


Introduction

A report from the Ministry of Finance.


Market Log

Q5 Food Trends
Complete Record

Last 90 days


Q7 Weapons Trends
Complete Record

Last 90 days


Q1 House Trends
Complete Record

Last 90 days


Q1 Aircraft Trends
Complete Record

Last 90 days


Gold Trends
Complete Record

Last 90 days



Revenue

Average Wage / WAM Click Cost

Minimum Wage from 0.01 GBP to 100.00 GBP analysis

While the average wage has increased since the law was passed on Day 3,478, this seems to be more likely as a result of an increase in the highest daily salaries on offer on the UK job market.

The MoF has carried out some limited analysis of impacts the change in minimum wage has had;

Location of holding companies seem to dictate the salary an employer can pay their employees. i.e. if you have holding companies in Spain and the UK, an employee can receive the Spanish minimum wage value of 1.00 GBP, the employer's citizenship does not affect this. Although any new job offers placed by the employer respect the minimum wage laws of where their holding companies are located i.e. an offer of 1.00 GBP doesn't appear on the UK job market, however, does appear in Spain's job market.

The above has meant the Free British Irregular commune was unaffected by the change in the UK minimum wage. All Irregular UK citizen commune workers remain able to work for less than the UK's minimum wage as I have holdings in multiple locations.

The MoF would be interested to hear the impact the change in the minimum wage has had on communes solely based in the UK. i.e. Were salary automatically raised to 100.00 GBP?

In addition, if any UK citizen would like to help the MoF out with an "experiment". I have one job offer of £1.00 GBP on the job market and I'd like to know if a UK citizen could accept it if they relocate to Spain temporarily. I can cover travel expensive and I'll raise the salary to the top of the market offers after the offer is accepted so you get a fair reward for the minimum of three days you must remain my employee.



Player Support Programme and Training Ground Loans

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.






Bank of England Monetary Market Trust

The Ministry of Finance will be once more taking advantage of the increased demand on gold price on the monetary market by operating a Bank of England Trust for citizens and allies to invest in.

Citizens who invested into the Trust will have monetary market offers placed from a number of eUK Government Organisation reserved for use by the Bank of England. The monetary market profits will 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.

From Day 2,908 to Day 3,393 the Bank of England Monetary Market Trust made profits of;

£536,437.38 for the UK
£663,302.74 for private citizens

This equates to a daily income for the United Kingdom of = £1,069.23

The Bank of England Government only investment MM Scheme equates as a daily income for the United Kingdom of = £463.95. This was in operation between Day 3,135 and Day 3,393

From Day 3,456 to Day 3,474 the Bank of England Monetary Market Trust made profits of;

£31,865.20 for the UK
£47,797.79 for private citizens

This equates to a daily income for the United Kingdom of = £1,770.29

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



Close

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

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