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Richards expecting an ‘election Budget’

Shadow Finance Minister Bob Richards has predicted that Premier Paula Cox will deliver an “election Budget” tomorrow.

Mr Richards said that Bermuda faces an economic crossroads. “The miracle is starting to fade,” he said.

“What we are looking for at the OBA is whether or not the Finance Minister is going to show us a way where we can recapture that economic miracle that has allowed so many Bermudians in the past to find their way to a very prosperous way of life.”

Mr Richards asked whether the Budget would address the “key factors” of soaring debt, economic growth and unemployment.

“My guess is that it’s going to be an election Budget,” he said.

“Because if there’s anything we have learned about this PLP Government is that they always put politics before the country. They put politics before policy.

“And what we’re going to see is an election Budget - a Budget filled with empty promises, with platitudes, with believe it or not ‘steady as she goes’ And who wants to be ‘steady as she goes’ the way she goes right now.

“But I believe that’s what we’re going to see.”

He added that he believed the key issues will be “glossed over”.

“But I can assure the public that the One Bermuda Alliance will be looking right through that gloss and we will be looking at the real Bermuda that’s out there. And when we get our turn we will be laying out our programme to turn this economy around.”

ET Bob Richards speaks at a press conference held yesterday. (Photo by Mark Tatem)

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Published February 23, 2012 at 1:00 am (Updated February 23, 2012 at 8:27 am)

Richards expecting an ‘election Budget’

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