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Premier Paula Cox yesterday cut payroll tax, hoping to stimulate the economy and lead Bermuda into recovery from recession. Reversing the unpopular two percentage point rise she imposed last year so payroll tax returns to 14 percent Ms Cox says she’s...

Premier and Finance Minister Paula Cox slashed employment costs for businesses today, when she announced in her Budget statement that the rate of payroll tax will be cut by two percentage points from April. The move takes the rate from 16 percent to ...

Premier Paula Cox today took the unprecedented step of issuing a pre-Budget statement on the Progressive Labour Party website. An introduction to the statement said that “t5oday, Premier Paula Cox will introduce the budget. She notes that this Bermud...

United Bermuda Party leader Kim Swan today urged Premier Paula Cox to take his party’s advice as she prepares to deliver tomorrow’s Budget. Mr Swan said the Island would be in much better shape if Government had heeded the UBP’s financial suggestions...

Michael Fahy believes Bermuda’s economy can only be saved if Government owns up to its failings but he thinks we’re going to be waiting a long time for that to happen. “Be ready for the Premier to blame a worldwide downturn for the problems we face, ...

The Auditor General believes it will take more than one austere Budget to get Bermuda on a better financial footing. Heather Jacobs Matthews added that following the financial instructions, official Civil Service rules on public spending, will help G...

All Ministries are braced for cuts as Premier Paula Cox prepares a Budget many believe is the toughest Bermuda’s ever faced. Economist Craig Simmons warned an aggressive austerity Budget tomorrow severely cutting back on Government or public spending...

Government would have enough money to largely pay for Bermuda’s new hospital if it had kept its running costs in line with its tax revenue during 2010/11, according to Peter Everson. The Chamber of Commerce’s economic chairman put recent Government c...