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Commissioners investigating how taxpayers’ money was handled under the former Progressive Labour Party administration will hold proceedings in public as a “starting point”. The appointment of commissioners was welcomed last night by the PLP, which re...

After a $6 million overspend on last year’s financial assistance allocation, the Bermuda Government has significantly upped its initial estimate for 2016-17. Finance minister Bob Richards unveiled his Budget yesterday, setting aside $50.1 million tow...

The Bermuda Tourism Authority has been given a $1 million boost. While the BTA was allotted a total of $21.7 million in last year’s Budget, that figure has been increased to $22.7 million. The Government has also doubled the Tourism Authority Fee, wh...

The Bermuda Government’s move to hike up payroll tax has been branded “baffling” by the Bermuda Public Services Union, as the tax regime is already tilted against lower income workers. Bob Richards, the Minister of Finance, conceded the imbalance dur...

The budget for the Ministry of Education has been reduced by $2.23 million for the financial year ahead. Projected spending on education for 2016 to 2017 is $124.9 million, less than the forecast for the previous year according to the 2016 budget del...

The budget for the Bermuda Police Service has been increased marginally by Bob Richards, the finance minister, for the next financial year. For 2015-16, the police budget was initially set at $64,423,000, but that forecast has been revised to $64,487...

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 ...