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The government plan to boost foreign investment by turning the 60:40 rule designed to guarantee Bermudian control of island companies on its head is doomed to failure, a former Premier predicted yesterday. Curtis Dickinson, the finance minister, said...

The effort to collect overdue taxes is to be stepped up, the finance minister warned yesterday. Curtis Dickinson said a tax amnesty could also be introduced to help claw back some of the cash owed by taxpayers. Mr Dickinson said taxpayers would be gi...

Bermuda’s new Budget has the “largest capital spending plan in a decade”, the finance minister said yesterday. Curtis Dickinson said the financial blueprint for the year had “increased grants and contributions to invest in our communities”. He said...

Young people who get too old for the island’s care system could soon be supported by a halfway house to help them deal with the move into adulthood. Curtis Dickinson, the Minister of Finance, told MPs: “In the 2020-21 year, a transitional living regi...

Police are to get their smallest budget for nine years after a $4 million cut yesterday. Figures released as part of the Budget Statement showed that the amount allocated to the island’s law enforcers for 2020-21 was $61.8 million. The original and r...

The One Bermuda Alliance Senate leader tipped as the party’s rising star has quit to pursue new opportunities abroad, it was revealed yesterday. Nick Kempe, who is also shadow finance minister, will stand down and move to Spain. Mr Kempe said: “As a ...

Legislation for the management of the fortunes of the super-rich was signalled in the Budget. Curtis Dickinson, the Minister of Finance, said the island aimed to court “ultra-high-net-worth individuals who require a different wealth-management model ...

The Bermuda Chamber of Commerce said the proposal to flip the 60:40 rule that guaranteed majority Bermudian ownership of companies to 40:60 “requires more examination”. Curtis Dickinson, the Minister of Finance, said in his Budget speech yesterday th...

A co-operative fishery was pledged $1.5 million towards its setting up costs. The cash — spread over two years — will be used to create a fishing industry base at Southside, St David’s. The project, to be managed by the Bermuda Economic Development C...

The newly appoined shadow finance minister highlighted the Government had delivered a Budget deficit after it promised a surplus. Patricia Gordon-Pamplin also said she was concerned by a plan to increase capital spending by $20 million while the isla...