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Bermuda Budget

Editorials

"Being the change"

Former Premier Dr Ewart Brown pinpointed one of the most vexing problems for politicians when he said that people often say they want change, but rarely want to be the change. Dr Brown was referring to education, where despite a broad consensus in fa...
Feb 21, 2011
Other

"Hamilton Mayor disappointed with Budget"

Hamilton Mayor Charles Gosling today expressed his “disappointment” with Premier Paula Cox’s 2011/2012 Budget. He said the cost-cutting Budget would have a negative impact on the city and cause “a number of capital projects” to be delayed or cancelle...
Feb 20, 2011
Editorials

"Risky Budget"

At the end of her Budget Statement, Premier Paula Cox turned a statement of John F Kennedy’s around when she quoted him saying that the time to repair the roof is when the sun is shining. “What he didn’t say was that if you wait too long for it to st...
Feb 19, 2011
Other

"Cricket’s grant is slashed by $800k"

Cricket in Bermuda is facing an uncertain future after Bermuda Cricket Board had their funding slashed to next to nothing in the Budget. The $1m grant the BCB previously received has been cut by $800,000 to just $200,000 by the Department of Youth an...
Feb 19, 2011
Budget

"Employment sector backs Premier Cox’s Budget"

After weeks of anticipation, the Budget got a generally favourable reception from leaders in the employment sector. Bermuda Industrial Union president Chris Furbert gave his backing to a Budget package which pledged no public job cuts, and payroll ta...
Feb 19, 2011
Budget

"New measures will help young people join the job market"

Government promised new measures to help give young Bermudians a leg up in the job market. Minister of Economy, Trade and Industry Kim Wilson announced new initiatives including a one-stop career centre and enhancements to a government website to mak...
Feb 19, 2011
Budget

"‘Not attracting enough tourists to justify’"

The Bermuda Music Festival has been axed in the upcoming fiscal year and it is unlikely it will be coming back. The glitzy festival saw the likes of Beyonce, Alicia Keys and Lionel Richie grace the stage, but it was frequently criticised for not brin...
Feb 19, 2011
Budget

"Opposition: A missed opportunity"

Both Opposition parties yesterday accused Premier Paula Cox of using external factors as an excuse for her own shortcomings and failing to get to grips with Bermuda’s economic crisis. Shadow Finance Minister Bob Richards said Ms Cox had missed a grea...
Feb 19, 2011
Budget

"Charity grants cut in Budget austerity drive"

Charities, including children’s foster home Sunshine League, are projected to lose more than $400,000 in grants as Government slashed its spending in yesterday’s Budget. The Sunshine League, which has provided displaced children between the ages of ...
Feb 19, 2011
Budget

"Employers, unions back payroll tax cut"

Employers and unions gave their support to yesterday’s Budget, welcoming slashes to employment costs through a two percent reduction in payroll tax, from 16 percent to 14 percent. In a first-time move, Premier and Finance Minister Paula Cox met with ...
Feb 19, 2011
Budget

"Job losses top 1,400 in 2010"

More than 1,400 jobs were lost in Bermuda last year as companies trimmed their workforces in response to the continuing recession. According to Government data, this means that more than 2,000 jobs have been lost over the two years since the 2008 emp...
Feb 19, 2011
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