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Economic diversification, tourism and solutions for the civil service were high on the agenda in Shadow Finance Minster David Burt’s Reply to the Budget. In his delivery in the House of Assembly yesterday, Mr Burt also outlined the PLP’s long-term ec...

This is serious business, Mr Editor, governing Bermuda. If you had no sense of how serious — and that’s no small “if”, you do now. The 2015/16 Budget Statement makes it pretty clear, although I agree pretty is not exactly the right word here. What m...

Everyone knew any Government Budget in these economic circumstances was not going be a lobster dinner with all the trimmings. Not only was it going be a major problem finding sufficient lobsters, but even the trimmings were in short supply. It was e...

Business chiefs are lukewarm on the latest Budget — with more than three-quarters saying Government missed revenue-raising opportunities. And an overwhelming number rated the level of debt as their major concern — with privatisation, public sector st...

It’s steady as she goes. Government’s fiscal policy stance for the foreseeable future is one of debt reduction: expect decreases in spending as the primary weapon and increases in taxes in a supporting role. The original plan called for successive an...

The Bermuda Tourism Authority remains cautiously optimistic about prospects for the next 12 months despite seeing its budget cut by $1.4 million. At $21.7 million, the proposed budget for tourism in 2015-16 is the lowest in more than 30 years. But th...

Bermuda can no longer rely on growth in international business to boost the economy, Finance Minister Bob Richards said yesterday. And Mr Richards added it was vital to boost tourism to stimulate the Island’s economy. Mr Richards paid tribute to the ...

Government will save an estimated $25 million this year by freezing most vacant Government jobs, Finance Minister Bob Richards yesterday told a post-Budget Chamber of Commerce meeting. And he said that Government planned to introduce measures to make...

By Sarah Lagan The reduction in payroll concessions for hotel, restaurant and retail employees is an “injustice” according to Jason Hayward. In a statement, the president of the Bermuda Public Services Union highlighted that employees will experienc...

Bermuda cannot have any kind of economic growth without somebody signing some big cheques first, Finance Minister Bob Richards said yesterday afternoon in defence of the 2015-16 Budget statement. The Finance Minister, who noted that jobs creation wou...

Public sector workers could be laid off this fiscal year, Finance Minister Bob Richards warned as he lamented the union leadership’s refusal to continue with furlough days. Mr Richards said job losses could no longer be ruled out as Government trims ...