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The article below is an edited excerpt from the report to shareholders in the Bermuda Press (Holdings) Ltd annual report for 2018, which was written by Stephen Thomson, who is the company’s chairman. Bermuda Press (Holdings) is the parent company of ...

There is no doubt that David Burt is the greatest orator of our times. Coincidentally, he is also the Premier of Bermuda, the leader of the country, a position that carries with it great power. The power to move mountains, the power to sway opinion a...

Welcome back. We pick up Bermuda’s policymaking trail having just left the deliberations of our Financial Policy Council in 2017. In this particular meeting, our panel of external experts has advised the Bermuda Government in clear and unequivocal te...

The main driver of Bermuda’s increase in gross domestic product is expected to continue to deliver positive economic news, a Bermuda Government minister said yesterday. GDP for the third quarter of 2018 increased 1.6 per cent year-over-year, Governme...

“Partial truths or half-truths are often more insidious than total falsehoods” — Samuel P. Huntington “Remember, Jerry, it’s not a lie if you believe it” — George Costanza (Seinfeld) The Pre-Budget Report released by the Ministry of Finance on Janua...

So, where were we? Ah, yes, our “fundamental macroeconomic external imbalance”. If a nation’s savings exceeds its investment, as ours obviously does, the country has “excess savings”, which it then exports to other countries to fund their investment ...

Back in 2012 I began writing articles on Bermuda’s escalating deficit which was ramping up at an alarming rate. At the time it was not front-page news or rarely discussed extensively. Bermuda’s fiscal situation now features prominently, and I am ofte...

In the final article in a five-part series examining the impact of the ageing of Bermuda’s population, we look at the potential solution: economic growth. Facing an ageing and shrinking population, declining workforce, spiralling healthcare costs, un...

The public can clearly see that this government is bereft of ideas to stimulate the Bermuda economy. All we are hearing about is all the wonderful ways the Progressive Labour Party thinks it can tax us into prosperity. What exactly is the plan to gro...

While our politicians spent the new year attempting to mitigate the embarrassment of their longstanding, adamant denials of Bermuda’s indubitable status as a tax haven being now well and truly exposed as a farce, much of the rest of the island were a...

Billions of dollars of Bermudians’ savings have left the island over the past decade and that is at the heart of the island’s economic problems. That is the view of economist Robert Stubbs, who believes that household savings and the profits of local...

Dame Margaret Hodge is a colourful, brilliant and confident Member of Parliament for the London Borough of Islington, the place from where my father emigrated. There has been a recent war of words in Britain’s House of Commons as both she and fellow ...