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The island’s real rate of inflation has reached double figures and is forcing Bermudians to leave the island “in droves”, according to the opposition One Bermuda Alliance. Cole Simons, the OBA leader, spoke out after a survey released this week showe...

More than half of residents are spending less and going without basics amid fears of rising inflation

There is no shortage of grim headlines in Britain right now. The country is facing catastrophically high living costs, a steady drumbeat of strike action and potential blackouts this winter. So, here is another cheery thought: the breaking point for ...

This is one of those strange times when markets appear to be sending conflicting signals. Specifically, the 15 per cent rebound in the S&P 500 stock index since bottoming in mid-June suggests a light at the end of the economic tunnel. In fact, secon...

Somerset’s Cup Match victory and Dame Flora Duffy’s triumph in the Commonwealth Games on the Friday of Cup Match had something in common. Both were sporting examples of dominance. In Somerset’s case, they have now held the cup for a decade, but this...

The Work from Bermuda programme launched two years ago yesterday has brought more than $28 million into the island, the Ministry of Economy and Labour announced. A spokesman said that the Government had taken in 1,315 applications, with 1,127 approve...

Five years ago, the people of Bermuda used the power of the vote to change governments and change the direction of our country. Five years ago, the people chose to put an end to one of the most divisive periods of recent memory. From policies that s...

Financial initiatives aimed at trying to ease the cost of living crisis are expected to be being unveiled by David Burt, the Premier, in the House today. Mr Burt, who is also finance minister, will outline a “Government relief package” after widespre...

We must eliminate economic inequality if we want to become a genuine society of equals, and build a truly free and egalitarian system

Since January, the US economy and stock markets have been hit by the perfect storm. The S&P 500 registered its worst half year since 1970 and the Dow Jones Industrial Average had its largest first-half decline since 1972. Russia’s invasion of Ukraine...