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Statement `too little too late' -- Gibbons

Shadow Finance Minister Grant Gibbons yesterday called on Government to provide the public with a "full report'' detailing the commitments it made to the Organisation for Economic Cooperation and Development (OECD) and how it planned to implement change.

He branded Finance Minister Eugene Cox's statement in the House of Assembly yesterday as "too little, too late''.

"I find it extra-ordinary that we still don't have a clear, unambiguous release of what Government has committed us to,'' he told The Royal Gazette .

Dr. Gibbons said: "While this statement did provide a bit of additional information on the commitments, it's still just too little too late.'' He continued: "The Minister has signed a treaty on behalf of Bermuda and we still don't have the full facts of what he's done.'' "It seems a little bit naive to think that the broad mass of businesses will be able to work through this together if we still don't know the terms, lines and the timetables of these changes.'' "The Minister's statement is just a lot of words. We still don't know what precisely it was that he agreed to and there are a number of issues that need to be spelled out properly.

"He needs to answer a lot of questions. Who exactly will be affected by these commitments? What does he intend to do in communicating with the business community? What will be the mandate of the joint Government-private sector committee?'' He said he wanted a "full report'' and added: "When he committed us to these things, he should have had an understanding that we would like to know what the impact will be.

"All we've got so far is a few rather vague phrases. They're lovely words -- what do they really mean in practice?'' Mr. Cox said: "It looks like Dr. Gibbons was either not listening to my statement or he was out of the House at the time.

"He's just trying to be mischievous by perpetuating fears which are based on inaccuracies. He should take real look at what I said.'' Mr. Cox suggested Dr. Gibbons also take a look at the speech he read at a seminar on the global economy in Paris, which was hosted by the OECD, and which, he added, w Royal Gazette reporter Raymond Hainey.

He said feedback from the public on yesterday's statement had been "very positive''.

"A lot of the public have come up to me and said that they feel Bermuda has been, and is being, served extremely well and that we're doing a great job.

"And I know that the businesses appreciate the fact that we've been consulting and working with them so much.'' Grant Gibbons