Luthori

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The Times | Times Media Group (Luthori)

Fort William Stock Exchange sees worst day since the Lost Souls War; amids announcement of Kalistani embargo.

7th, June 5571

Fort William - Worrying news are coming out right now from the main Luthorian stock exchange, as it seems that the Fort William Stock Exchange, deep down in the City of Fort William, has seen its worst day ever since the outbreak of the Lost Souls War. Something that has never happened during this century of relative economic stability. The President of the Fort William Stock Exchange, Lydia Meyers announced publicly that it was "the worse day in this century" for the Fort William Stock Exchange. The cause of this effective downturn from the Stock Exchange comes from an external factor, the unexpected announcement from the Kalistani Government than an embargo was being enacted upon the Luthorian Empire and all Seleyan member states of the Commonwealth.

This surprising announcement wasn't even expected by most analysts who thought that the announcement from the Martwick-Alchester Banking Corporation about the establishment of a new headquarters in Seleya would have gone unnoticed, as it has been traditionally the case with announcements from the Luthorian banking sector. The Governor of the Bank of Luthori pointed out the “weirdness” of the situation, where Kalistan suddenly has gone mad over the establishment of a simple division headquarters of a financial company in Seleya. He has predicted that the current trend in Luthorian economic growth may be able to take up this day, but growth predictions are likely to be significantly reduced, as while Luthori has reduced trade relations with Kalistan due to a fallout of relations which begun a while ago, Luthori would still be hit negatively by this Crisis.

The Office of the Prime Minister stated that Prime Minister Carrington would be addressing the nation through Parliament very soon, coming into power with a reputation of being a “hawkish” Prime Minister for the nation, Mr. Carrington’s address is expected to be very solemn, with the Prime Minister expected to invoke the Enemies of the State Act in regards to the recent Kalistani Acts of Aggressions against the Luthorian Empire and its allies.

The recent Luthorian efforts to diversify its trade relationship out from traditional partners in either Kalistan (before the fall-out), Aldegar towards new economic partners may be the best way to at least make some damage control to the economy when the ripple effect from this day will come into the Luthorian economy itself. The Prime Minister, out of his politics, vowed to support Luthorian businesses who find themselves to be in difficulty, but also called for “responsibility” coming from the part of the corporations. He stated that the Government isn’t “a money breeder” who will always “be there for you when you find yourself in difficulty”. This may lead towards a reduction of government interventions to save failing businesses.

This isn’t a good call for the now-majority Tory Party, who was today planning to introduce a vast legislative package concerning economic liberalization, with the Cryptocurrency Allowance and Deregulations Bill, the Tax Exemption Act and other similar, yet smaller bills. This Crisis may sound like a delay, at the bare minimum of these bills.

As of now, the Fort William Stock Exchange didn't close down for now, yet analysts are predicting with the current of value being situated at around 3.41%, that the day would end with an overall loss of value of the Stock Exchange of around 5%. Depending on the Prime Minister's Address to Parliament tommorow, this number may be catched up during the following months, if the Prime Minister's Speech was convincing enough to investors.

@TheTimes