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Fuel prices have been raised in the Budget for the second year, meaning that come April the price of gasoline will have been hiked 13 cents per litre in just over a year. The duty on fuel, which went up by five cents in last year’s Budget, acquired a...

The message in the Budget with regards to Bermuda’s dwindling population was clear — “we need growth to grow opportunity”. During his Budget speech, Minister of Finance Bob Richards said that the island’s immigration “doctrine” dates back to when Ber...

Minister of Finance Bob Richards has defended his proposed introduction of a 5 per cent services tax next year. In his 2016-17 Budget statement yesterday, the Deputy Premier briefly detailed his plan for a general services tax, which is scheduled to ...

More than $1.8 billion will be spent from public and private funds in infrastructure projects over the next five years, according to the 2016-17 Budget statement. Among the items listed in the statement are the controversial $250 million airport rede...

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...

Sustainable development must remain central on the road to fiscal sustainability, according to Greenrock. Described as one of three “mega-trends”, Bob Richards partially credited the drop in oil prices to the island’s recovering economy, in his Budge...

A self-confessed drug addict is behind bars today after being found unanimously guilty of possessing more than $200,000 worth of cocaine and heroin. Dwayne Gilbert was remanded in custody by Puisne Judge Carlisle Greaves after a jury convicted him of...

Bertram Guishard, a prominent educator who was influential in the founding of the Bermuda College, has died at the age of 87. Mr Guishard, a former dean of the college’s Faculty of Arts and Science, taught at every level of the island’s school system...

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 ...

Wage packets will be hit after an increase in payroll tax and motorists will have to fork out more at the pumps after Bob Richards, the Minister of Finance, unveiled his Budget statement in the House of Assembly yesterday. Residents will also face a ...