Luthori

[Ligbruderkrieg]

Following the end of Mr. Rupert Kensington’s term as the Governor of the Bank of Luthori, it fell upon the Chancellor of the Exchequer to appoint a new governor. Following a long process of vetting numerous candidacies, it has been announced that the government’s nomination to the post was Dr. Patrick Doll, a veteran economist now acting as an economics professor at the University of Northminster.  

Dr. Patrick Doll, 67, has long been considered as a potential chairman for Luthori’s central bank, but his interventionist credentials have drawn the ire of the successive Conservative governments. Doll has been a member of the Bank of Luthori’s Court of Directors between 5689 and 5702, when he resigned from the board of directors to “focus on teaching the new generation”, according to a statement issued by his family. 

Now – having been appointed as the Governor of the Bank of Luthori, the new head of the most important Luthorian financial institution has, for now, not officially announced his intentions as governor, only thanking the Chancellor of the Exchequer and the Prime Minister for their “wholehearted” confidence upon his leadership skills to lead the Bank of Luthori. 

Dr. Doll is a proponent of Kodonomics, seeing the central bank’s role as a vehicle for active intervention into the economy, if necessary. He argued in favor of numerous interventionist policy proposals during recession period, arguing that the Bank of Luthori’s shouldn’t merely be limited at the control over the pound, but be expanded to a more “proactive” role in Luthorian economic policy. 

Dr. Doll’s economic and fiscal philosophy aligns with Chancellor Joseph Alden’s economic policies. In a bid to stimulate the Luthorian economy, the Chancellor is tapping into deficit spending as a mean to both fund different government agencies and fund the Labour Party’s extensive social program. Alden’s criticism towards the government laid on the fact that the Labour Party ran the government “as the Tories did”, in his mind, the government was losing “countless time at trying at striking a balanced budget”, when the “state of our nation need the government to actually involve itself”. 

His plan would need to have some support of goodwill from the Bank of Luthori and Dr. Doll’s appointment does just that. His nomination was criticised by Conservatives who argued against the “politicisation of the Bank” through his nomination as Governor, slamming the Chancellor’s fiscal policies in the process.