Premier mulls special line at airport for business executives says report
It would come with a price tag but business executives could soon be able to skip long queues at the airport if Premier Ewart Brown gets his way.
That is according to a report by Global Reinsurance magazine. The UK publication revealed that Dr. Brown was contemplating the idea of having a menu of options available to companies. On the list of paid-for perks was a special line at L.F. Wade International Airport to fast-track workers.
But the move has been met with caution by industry, some of whom believe it could work against them.
The Premier told the magazine that the policy was on the table, with Government getting feedback from business leaders on the concept. "My idea is that we would form a menu and everything on the menu would come at a price," he said. "To use the simple example, one company may wish to make use of a special line at the airport, a dedicated service just for people who are in the financial services sector, and if they wanted to take part in that, they would have to pay. If they didn't, they wouldn't."
Dr. Brown said the menu could also comprise more relaxed Immigration rules a big boost for reinsurers. "It would be just like going into a restaurant, paying a fee for a service, a fee for privilege that's where we're moving."
However one reinsurance company chief executive confided in the magazine that they were less certain about it.
"One the face of it, it looks like a positive thing," they said. "But we'll have to wait for the detail, as there could be things in there that would work against us."
In the write-up, Dr. Brown admitted to an edginess between Government and the financial services community. And he said that he would expect the jurisdiction's job to be much tougher if US President Barack Obama got behind the Neal Bill which threatens Bermuda's tax status.
The Premier's message to the Island's reinsurance industry was to relax and work with Government, while providing opportunities for young Bermudians to progress in the sector.
"The business community has been so accustomed to hiding their happiness that no one knows how they really feel usually the Government just hears when they're unhappy," he said. "But I happen to believe they're very happy living and doing business in paradise. Other jurisdictions may offer what they will, but I have a feeling that these men and women love Bermuda."
