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Government intends to pay back $210 million of public debt by 2016 by apparently almost emptying the Sinking Fund. Premier Paula Cox told the House of Assembly on Friday that the fund - established for the purpose of paying down Government debt - was...

Government has announced plans to build a Bermuda specific model for all future economic forecasting after having missed badly with its growth predictions for 2010. The report, which was released last month, revealed that the Island’s gross domestic ...

Importing foreign newspapers into Bermuda is “no longer a viable commercial proposition” Premier Paula Cox told MPs yesterday, as she proposed customs relief for those who want to print them here instead. The Finance Minister introduced measures to m...

Premier Paula Cox admitted yesterday it was “an embarrassment” that the Department of Financial Assistance spent almost $10 million more than its $25 million budget for this fiscal year. The Finance Minister was responding to harsh criticism in the H...

Bermuda College students will be required to pay for courses starting this autumn. College president Duranda Greene yesterday told students the tuition structure would change although details have yet to be finalised. Students now attend the college ...

The Budget is a “slow-motion tragedy” for the Island after Government repeatedly failed to listen to the recession warnings, according to Sen Michael Dunkley. The Opposition Senator said people were living on an island with “violence, debt, and unemp...

Crown and Anchor tables will cost more this Cup Match after Government increased the fees. A Crown and Anchor permit will now cost $1,500, up from $1,284. On Monday Premier Paula Cox outlined a second set of increases to Government fees in the House ...

The emissions testing facility at the controversial TCD project has not made any profits since it opened nearly two years ago. This according to owner Donal Smith who has hit back at a claim that TCD could save Government more than $1 million by runn...

A barely-noticed tax rise will send food prices up, wholesale distributor Butterfield & Vallis warned yesterday. Wharfage fees will be hiked 13.6 percent from 1.1 percent to 1.25 percent as Government takes over responsibility for their collection fr...