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It is starting to feel even more like the 1970s in Britain as the threat of nationwide rail strikes this week amplify the already unsettling feeling stemming from high inflation and slowing economic growth. While there are some important differences ...

A financial support package for families struggling to deal with increases in the cost of food will be discussed by the Cabinet next week. David Burt, the Premier and Minister of Finance, told MPs that laws passed in 2020 but only being brought int...

It is not difficult to figure out that prices are rising in Bermuda, just as they are in the rest of the world. When a carton of strawberries is in double figures, your morning cup of coffee suddenly costs 50 cents more or airfares for that long-awa...

The labour minister has hit back at criticisms of how the inflation rate is calculated, saying that the Government “stands firmly behind” the methodology used for the Consumer Price Index. Jason Hayward claimed rents, which account for one quarter o...

Planners will have greater flexibility when considering development applications in the north east of Hamilton under legislation passed in the House of Assembly today. The North East Hamilton Local Plan will realise the area’s “sustainable economic p...

Cash handouts to poorer households would better help people to manage rising prices than a ‘blunt and costly’ freeze on gasoline prices, says Craig Simmons

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

The Premier and the Opposition leader have clashed over the escalating cost of living on the island. The war of words began after David Burt, who is also the Minister of Finance, said inflation in Bermuda was lower than other jurisdictions in part be...

A charity dedicated to helping the island’s older people said many of its members wanted greater price control regulations in the face of creeping cost-of-living increases. Age Concern Bermuda highlighted that its financial hardship support totalled ...

Failure to update how official inflation figures are measured for nearly a decade has left the information “meaningless”, a former finance minister has warned. Bob Richards, the finance minister for One Bermuda Alliance between 2012 and 2017, dismiss...

The mother of all bargain sales is slated for the Leopards Club this weekend. Selling space is still available at the two-day extravaganza which was organised by Us5 Bermudians, a group of female friends whose aim is to improve their “personal socio-...

The system used to gauge inflation will be updated next year as part of a ten-year cycle, the Labour and Economy Minister said yesterday. Jason Hayward also rejected suggestions that the basket of goods used to weigh price increases had not been chan...