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Bill: OOC/RP: Proposed Luthorian economic stats 4918

Details

Submitted by[?]: Conservative Party

Status[?]: passed

Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: December 4918

Description[?]:

Value of the Luthorian Pound set at 1980 British pound: £1 (LPD) = £3.90 in 2017

see https://www.nationalarchives.gov.uk/currency-converter/

in 2017 pounds:

GDP: £1,727,018,374,891

3% tax bracket begins: £3.90
17% tax bracket begins: £3,904
27% tax bracket begins: £9,761
48% tax bracket begins: £27,331
50% tax bracket begins: £39,045
55% tax bracket begins: £58,567
58% tax bracket begins: £78,090

Gov. revenue: £671,804,234,457
Gov. spending: £667,728,067,500

PM's Office: £58,567,500
Foreign Office: £11,713,500,000
Home Office: £19,522,500,000
Exchequer: £11,713,500,000
Defence: £175,702,500,000
Justice: £11,713,500,000
Infrastructure: £46,854,000,000
Health & Social Services: £214,747,500,000
Education & Culture: £78,090,000,000

ADDITIONAL CONSIDERATIONS:

In terms of its land area Luthori is more comparable to Iran or Mongolia than a western European country, being around twelve times the size of England (not the UK). Its population is currently 140 million, which would give Luthori a GDP (nominal) per capita of around £12,000.

Keep in mind that this is all *proposed*, not set in stone yet. Please give feedback in the debate comments section and indicate preliminary approval (or disapproval) with your vote.

Proposals

Debate

These messages have been posted to debate on this bill:

Date13:10:40, April 06, 2021 CET
FromConservative Party
ToDebating the OOC/RP: Proposed Luthorian economic stats 4918
MessageOOC: Following input from Vesica, 1970 British pound values will be replaced with 1980 British pound values. (£1 = £3.90, previously £14.08). Original bill text for reference:



Value of the Luthorian Pound set at 1970 British pound: £1 (LPD) = £14.08 in 2017

see https://www.nationalarchives.gov.uk/currency-converter/ for price conversion

The Luthorian Pound is non-decimal. There are 12 pence in a shilling and 20 shillings (240 pence) in a pound

in 2017 pounds:

GDP: £6,233,276,859,863

17% tax bracket begins: £14,083
27% tax bracket begins: £35,209
48% tax bracket begins: £98,585
50% tax bracket begins: £140,836
55% tax bracket begins: £211,254
58% tax bracket begins: £281,672

Gov. revenue: £2,425,929,827,057
Gov. spending: £2,408,506,854,000

PM's Office: £211,254,000
Foreign Office: £42,250,800,000
Home Office: £70,418,000,000
Exchequer: £42,250,800,000
Defence: £633,762,000,000
Justice: £42,250,800,000
Infrastructure: £169,003,200,000
Health & Social Services: £774,598,000,000
Education & Culture: £281,672,000,000

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Voting

Vote Seats
yes
      

Total Seats: 122

no

    Total Seats: 0

    abstain
      

    Total Seats: 28


    Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval.

    Random quote: "Education: the inculcation of the incomprehensible into the indifferent by the incompetent." - John Maynard Keynes

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