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The Auditor General believes it will take more than one austere Budget to get Bermuda on a better financial footing. Heather Jacobs Matthews added that following the financial instructions, official Civil Service rules on public spending, will help G...

All Ministries are braced for cuts as Premier Paula Cox prepares a Budget many believe is the toughest Bermuda’s ever faced. Economist Craig Simmons warned an aggressive austerity Budget tomorrow severely cutting back on Government or public spending...

Government would have enough money to largely pay for Bermuda’s new hospital if it had kept its running costs in line with its tax revenue during 2010/11, according to Peter Everson. The Chamber of Commerce’s economic chairman put recent Government c...

A charity helping people weather the financial storm expects it will soon need more cash than ever to cover a growing demand for its services. The Salvation Army saw the need for its annual holiday assistance programme last December grow by nearly 3...

Bob Richards hopes that, this time, people aren’t going to dismiss his advice as more scaremongering from Jeremiah the Prophet of Doom. Growing unemployment, folding businesses, wage freezes and overtime cuts all mean nobody is now unaware how badly ...

Businesses should be given tax breaks to encourage them to keep staff and create jobs as the economy continues to shrink, according to Bermuda Employers’ Council. And Martin Law, the council’s executive officer, says Government needs to gather and ma...