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A living-wage policy is on the cards as the new Progressive Labour Party government outlined its plans for its first year in power. The Governor, John Rankin, who delivered the Throne Speech to mark the start of Parliament yesterday, said: “To ensure...

Court Street erupted with joy last night as thousands of PLP supporters celebrated an overwhelming victory. Decked in green T-shirts, many of the party’s faithful launched the festivities long before the official results were announced. All of the vi...

Local business welcomed the Budget yesterday, but warned that Bermuda’s finances will take time to improve. John Wight, president of the Chamber of Commerce, singled out continued effort to reduce the deficit and advance warning of changes to the tax...

Finance minister Bob Richards warned yesterday that an international crackdown on offshore jurisdictions could wreck the economies of the developed world. The stark warning came in the Budget speech as Mr Richards said that an attempt spearheaded by ...

Bermuda’s international business chiefs said they would swallow increased taxes if the Government continued to cut its costs and pushed ahead with reforms in the public service. Insiders added that the sector wanted to see the Government live up to i...

Business partnership laws are to be revamped to make sure Bermuda stays competitive. The Throne Speech explained that the changes would maintain the Island’s position as an offshore business leader. The speech, delivered by Governor George Fergusson ...

The unemployment rate has fallen by two percentage points, according to the latest government figures. Total unemployment fell to 2,502 people in 2015 — from 9 per cent to 7 per cent. And the number of unemployed Bermudians dropped by 936 people from...