Esim - UK Update [Day 204]
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UK Update [Day 204] (Political)
Posted 4 years ago by
United Kingdom Org    
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. British News .

Day: 204


President: MrLogano

A new term brings with it the possibility of some changes, and this term is no different. Since our victory in the war with Canada, we have returned to a more peaceful state. This allows us to focus on other areas of our country that we didn't get round to the last term. This article just serves to inform everyone of these changes, and what they mean for you.

- - - Government - - -
Since changing the layout of the government, I would say those changes were highly successful. They allow us to have a much more stable form of government that is much more inclusive than the old system allowed. The only change from the last UK Update is the inclusion of Dwarf , who actively contributes to the affairs of our country.

Council of the United Kingdom
Dwarf
Affluent
Fanatik
MrLogano
StarRadser
xd1

- - - Economy - - -
Since our last update, we have freed our regions from under Canadian occupation, and have since conquered all 30 regions of Canada. This has brought more resource regions under our control, and now means we can produce our own grain / food in-house. As a result of this, I will be asking congress to amend our import taxes to ensure they are up to date.

In an effort to boost our economy, there will be a number of small changes designed to help improve our markets; to offer better value to our citizens. Since there will be a number of changes, I have broken them down into sections below:

- Citizen Benefits -
This new scheme will allow citizens to trade with United Kingdom Org , and offer much better value for money compared to buying from the markets. As a starting point, UK Org will offer a 10% discount on all supplies sold in gold. As a further benefit to citizens, UK Org will offer a 10% premium on all supplies bought in gold. Supplies currently being bought / sold will be listed on the United Kingdom Org profile. Example trades below;

Buying from OrgTrade Price (Q5)UK Org Price
0.16 Gold
0.144 Gold


Selling to OrgTrade PriceUK Org Price
0.009 Gold
0.01 Gold


- Market Cap -
One of the things we have noticed in our markets, is the extortionate price of certain products. Without any competition, traders get away with having such inflated prices that punish our citizens. In an effort to limit this practice, UK Org will maintain market offers for key products.

To ensure that we offer room for competition, prices will not be set to their equivalent price in gold as used to be the case. Instead, prices will be set with a 20% premium. This means that UK Org offers will cost slightly more from the product market, but will prevent others from selling the same products for such inflated prices. However, as I already pointed out, that price is intended as a cap, and allows others to undercut that price without sacrificing their profit.

Product MarketGold Price (Q5)UK Org Price Cap
3.20 GBP
4.00 GBP


- Monetary Market -
1 GBP
= 0.05 Gold

1 Gold
= 25 GBP


- Wages -
ES123456789101112131415
GBP33.7540.5047.2554.0060.7567.5074.2581.0087.7594.50101.25108.00114.75121.50128.25



- - - Discord - - -
As always, I will link our Discord server here. If you are not yet part of the server, please post a link to your profile in the role-request channel.

Link to Server: UK Alpha


That concludes my update for now,

MrLogano

Long live the UK!
o7




Previous article:
UK Update [Day 138] (5 years ago)

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