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Shadow Finance Minister Bob Richards last night poured scorn on Premier Paula Cox’s claim that she will slash tens of millions of dollars from this year’s Budget by reducing capital spending. Finance Minister Ms Cox said in her Budget statement her p...

Charities, including children’s foster home Sunshine League, are projected to lose more than $400,000 in grants as Government slashed its spending in yesterday’s Budget. The Sunshine League, which has provided displaced children between the ages of ...

Employers and unions gave their support to yesterday’s Budget, welcoming slashes to employment costs through a two percent reduction in payroll tax, from 16 percent to 14 percent. In a first-time move, Premier and Finance Minister Paula Cox met with ...

More than 1,400 jobs were lost in Bermuda last year as companies trimmed their workforces in response to the continuing recession. According to Government data, this means that more than 2,000 jobs have been lost over the two years since the 2008 emp...

As expected when the new Muncipalities Act was passed last year, the Corporations of Hamilton and St. George’s have lost their right to directly collect wharfage fees from ships using their docks. But most of the projected $6.215 million that they w...

This year’s Budget delivered on widespread expectations for cuts in one of Government’s most contentious expenses: consultants. The combined cost of consultants for 2010-2011 was $43.5 million, $6.6 million less than in the previous year. Now it will...

Cutting payroll tax may help to staunch job losses but won’t necessarily create new employment, business leaders warned yesterday. They welcomed the decision by Premier and Finance Minister Paula Cox to drop payroll tax to 14 percent after increasing...

Two airlines intend to reduce the number of flights they offer to Bermuda in the coming fiscal year it was announced yesterday. Minister of Transport Terry Lister said WestJet, which flies out of Toronto, and JetBlue, which flies out of New York, hav...