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Bermuda’s tax structure needs revamping sooner rather than later, Bermuda Industrial Union president Chris Furbert said in his appraisal of the latest Budget statement. Bob Richards, the Minister of Finance, acknowledged in last Friday’s statement th...

The price of oil may have fallen worldwide, but for local consumers the cost of electricity will soon rise as a knock-on effect of the latest Budget. While motorists will pay a higher fee at the pumps, Belco’s customers will also pay for more for Cus...

Beyond the Budget numbers there is a social consideration, and cost, to be totted up. Martha Dismont, executive director of Family Centre, said she was on the panel at the Budget Breakfast to give representation to the people who are struggling in th...

Nathan Kowalski, Financial Ramblings from the Rock On August 7, 1974 French high-wire artist Philippe Pettit took a walk between the Twin Towers of the World Trade Centre. The young French acrobat had to contend with winds, the natural sway of the to...

There was a short but spontaneous burst of applause when Nathan Kowalski pointedly said that “if you want people to use more of something you don’t typically make that something more expensive”. Speaking as a panellist at the PwC Bermuda-sponsored Ch...

Bob Richards’ Budget, delivered on Friday, has already attracted a good deal of comment. Unquestionably, there will be plenty more in the weeks to come. The Government says it has put debt reduction at the top of its list, and rightly so — debt servi...

John Wight, the Bermuda Chamber of Commerce president, yesterday backed a new tax on services unveiled in last week's Budget. Mr Wight said there was “ a great deal of alignment” between Chamber members and Government on the Budget plans to tackle th...

The price of servicing the Island’s debt will outstrip the cost of the country’s most expensive ministry within two years unless action is taken, Bob Richards warned yesterday. Mr Richards, the finance minister, said that the debt service costs this ...

A cut in the budget for the Bermuda Health Council means it will have to juggle priorities, the new CEO said at the weekend. Tawanna Wedderburn said “creative solutions” were needed so the BHeC can continue to manage growing demands with tighter reso...

The future of the Salvation Army is in doubt after its government funding was slashed by $50,000. Divisional commander Major Frank Pittman told The Royal Gazette that another cut meant the organisation would have to make some changes to how it was r...

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...