EVERARDINE ECONOMIC PLEDGES 1768

[Caranthir_ 2533]

THE EVERARDINE ECONOMIC PLEDGE 1768

 

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Our Priorities to You:

 

 

OUR FIVE BENCHMARKS FOR SUCCESS

 

 

• Ensure macroeconomic stability: We will safeguard the Orenian economy by implementing new checks on the treasury through the budget, as well as getting the inflation of our currency down to acceptable levels. Our fiscal policies will double down on structural deficit to ensure that our bureaucracy is running without any inefficiencies.

 

• Creating an economy: We will run up the value of the imperial mark, creating higher conditions for standard prices, as well as balancing fair taxes with the expenditures of the imperial budget. Likewise, we will ensure that the criminally low price of goods paradox to the inflation is changed, instituting standardised prices.

 

• Getting people into work: We will create a radical new programme of jobs called ‘Oren Works’, getting our unemployment figure to near zero. Anybody who wants a job under our proposals will be entitled to one, backed by the government. Likewise, we must establish a national minimum wage.

 

• Ensure that the nation shares in prosperity: We will give back to the communities who have fought for us and remained loyal, and therefore funds will no longer be centred in Helena. We will ensure that our economy is revived in all regions through increasing the private sector’s cooperation.

 

• Creating a safer economy: We will reform the way business works so we can protect our cultural heritage and keep smaller provincial businesses safe, through this we will have higher revenue through taxation than we would otherwise.

 

 

ENSURE MACROECONOMIC STABILITY

 

After several years of mismanagement in lack of regulation, the Orenian inflation has increased beyond measure. We have always been honest to the Orenian people that the way to fix it will be difficult, and there is no doubt that it will be. But we can overcome the mismanagement and sufficiently regulate an Orenian economic recovery.

 

There is no credible plan from the other faction on budgeting, there has been no budget. Rising inflation has met with extraordinarily low prices, meaning that the average Orenian worker now holds more money in their pocket than ever before. Whilst this is undoubtedly good, it drives the value of the mark downwards. Matched with these low prices, goods are worth practically nothing and the barebones foundations of what makes an economy do not exist in Oren.

 

What we will do is push up the value of the Imperial Mark against the minas from 1:1 to 1:2.5, with further reviews into the next session, as well as bringing in a standard for prices across Oren, so that we can get our economy back on track again. Jonah Elendil incorrectly stated that the price of an iron bar was 7 minas, when in reality the norm is 3.5. With an in-touch Everardine faction at the helm of our economy, we can ensure stability well into the future whilst also making those tough and responsible decisions.

 

 

CREATING AN ECONOMY

 

Urgent action is necessary if we are to leave the current mismanagement unchecked, therefore we will regularly demand budgets from the treasury as is the right of the House of Commons. Taxes will remain fair and in line with our expenditure. Wasteful government spending will be brought to an end through cuts and a standardised government wage, with large and arbitrary bonuses coming to an end. In real terms, we will increase spending on government programmes and state directed initiatives to boost our economic product. The case for restarting our economy and bringing inflation under control is overwhelming, and we will start our programme by cutting arbitrary department spending.

 

Through the existing avenues of the Ministry of Interior, we will partner with Livery Companies and other enterprises over the empire to innovate our next era of spending, so private companies can start playing a hand in the prosperity and efficiency of the country. 

 

We will introduce a comprehensive bill on competition law to deal with unethical business practices and abuse of a dominant market position, thereby securing smaller and localised businesses from predatory enterprise. 

 

 

GETTING PEOPLE INTO WORK

 

We will start a radical new jobs programme called the Imperial Work Programme, colloquially called the “Oren Works!” initiative, to work with the Imperial Employment Registry in giving Oren virtual full employment. Our jobs policy will drive up government backed jobs to get every Orenian into work, so we can reach our peak economic efficiency. With this programme, every Orenian who wants a job will get a job. 

 

We will institute a radical new minimum wage, initially setting the minimum at 150 marks per annum, with a 10% increase every two years subject to review.

 

The only way we can ensure better financing in the years ahead whilst we go through this necessary but tough economic recovery is to start saving at home. We will invest more in developing sustainable inflows of capital, so that we may have a stable government programme. This means cutting singular payments, establishing precedence and continuity which is enshrined into law rather than being arbitrary. We will work with businesses and other organisations to address the growing disparity between public and private wages, with more to be done on finding a standard.

 

Getting people back into work is crucial to realising our economic potential, creating a truly dynamic and workable market. We will legislate to create an Orenian Registry to survey the population and general economic statistics, through larger and reliable information about average wages and our unemployment rate. The intention with this is to get down the unemployment rate to near zero.

 

ENSURE THAT THE NATION SHARES IN PROSPERITY

 

There are too many areas of the empire that do not share in the same private sector that Helena does. These places have likewise not been given aid or revenue from the treasury to contribute to their success. This imbalance has gotten worse in recent years, with Helena making up over half of our economy.

 

Our aim is to increase the private sectors share of the economy in these areas by establishing a Provincial Development Fund, to be spent on the development of localised businesses in all provinces of the empire, so that we may get the rest of the economy running again. We will work closely with all provincial governments to achieve this.

 

We will give local governments the powers to create their own Provincial Development Administrations, so that local people can decide where central government money is spent from the Regional Development Fund, we will legislate this into law with the following objectives:

 

• to promote business competition and efficiency;
• to promote full employment;
• to sustainably develop new economic development and regeneration.

 

This rebalancing of our economic output requires an extensive new look on how we travel across the empire. Without free movement of people and goods from one province to the other, as well as traffic and immigration set out as the main goals of the Orenian state by Archchancellor Simon Basrid, we cannot restart the economy. An Everardine majority will provide new high speed railway connections, working with the rail company to fund a quicker connection between all of Oren.

 

 

CREATING A SAFER ECONOMY

 

To have a successful and stable economy in the future, unplagued by hyperinflation and paradoxically low prices, we will implement a new thinking on how we spend our money. This will include our clear and consistent promises on transparency. We will force the treasury to open up so that we may implement strong financial discipline across the board, so that there are obligated and enshrined laws which mandate standardisation of wages and spending. We cannot allow arbitrary wastage of money to continue unchecked, so we will:

 

• introduce a standardised set of cost measures that details departmental spending;
• implement clear new financial performance targets for the bureaucracy, including what they are entitled to;
• force open the treasury to deliver strong and stable government spending across departments.

 

 

Our Everardine economic platform is radical as it is rejuvenating. It is factual and grounded on the economic realities Oren faces today, not in essayism and hypotheticals. To kickstart our economy again, we must increase traffic throughout the empire, get all Orenians into some kind of job where they can be productive, and share our wealth throughout our borders.

[AnonymousAlexa 3890]

Angelika Bykov scoffed upon reading the missive. ”Does Mr. d’Aryn still not understand basic economic concepts such as inflation vs. deflation? It is quite embarrassing, seeing how much his party focuses on economic reform.”

[argonian 14254]

1 hour ago, AnonymousAlexa said:

Angelika Bykov scoffed upon reading the missive. ”Does Mr. d’Aryn still not understand basic economic concepts such as inflation vs. deflation? It is quite embarrassing, seeing how much his party focuses on economic reform.”

“Mrs Vanir, do you know what happens when both the supply of money and the supply of goods both increase rapidly at once?” Conrad would respond.