Sugar tax debate to go ahead – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Sugar tax debate to go ahead

The home affairs minister will today outline the Government's policy regulations for the sale of power firm Belco in the House of Assembly.

Walter Roban's statement will come less than two months after Ascendant, Belco's parent company, announced it was looking at a possible sale of the group. Ascendant was the subject of a takeover bid from US firm Twenty First Century Utilities in April last year.

The $15-per share bid was about 50 per cent more than the company's share price at the time.

As well as Belco, Ascendant also owns air conditioning firm AirCare, iFM, a facilities management company, and iEPC, an engineering and construction business.

Controversial legislation with implications for children's representation in court will not be debated today. The session will be the final sitting of the House before the Easter break, with MPs scheduled to return in May.

The Children's Amendment Act debate has been postponed, along with an opposition motion on the posting of “inappropriate and/or sexist comments” by MPs on social media.

The debate on the next phase of the sugar tax, which will further hike the duty on sugary foods and drinks, will go ahead.

MPs could also discuss supplementary expenditure, although the overspends may be also left until the House reconvenes.

Sessions House: The scene of political debate today (Photo by Akil Simmons)

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Published March 22, 2019 at 9:00 am (Updated March 22, 2019 at 1:21 am)

Sugar tax debate to go ahead

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