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Economist Craig Simmons is calling on the Bermuda Government to appreciate the pain ahead for people as it prepares for a likely tough year of union negotiations. Mr Simmons warned the Government could not make necessary debt reductions without restr...

Bermuda College lecturer and economist Craig Simmons answered The Royal Gazette’s questions and provided his assessment of the Island’s economy at the end of 2015. • To what extent do you believe that the Island is making a recovery from the recessi...

The Bermuda Government has raised land taxes to avert a potential $19.1 million loss in revenues brought about by the latest annual rental value figures. The ARV has fallen due to the recession and the resultant unemployment and a drop in real estate...

Dear Sir, I have read your newspaper report of the expert advice to reduce our massive debt. I have not read the original report, but note these circumstances: the two main reasons for the debt is the profligate spending of the former government, and...

Broad-based tax increases were among the key recommendations of an independent report on the Bermuda’s Government’s efforts to stabilise its finances. The Fiscal Responsibility Panel (FRP), made up of three overseas experts, suggested that the Govern...

It is no secret that Bermuda is living with a huge public debt that continues to get bigger every year. The gravity of the situation for all Bermudians should not be underestimated. The Bermuda Government’s gross outstanding debt stands at $2.25 bill...

A new advisory body set up to help Bermuda safeguard its economy from systemic risks met for the first time yesterday. The Financial Policy Council (FPC) will aim to monitor areas of potential financial systemic risk, recommend moves to strengthen re...

Finance Minister Bob Richards has reiterated his case for the need to draw investment into Bermuda, responding to a suggestion by economist Craig Simmons that the strategy was skewed and over-reliant on overseas capital. In The Royal Gazette yesterda...

Economist Craig Simmons believes that relying exclusively on foreign investment to boost Bermuda’s finances is a “grossly unbalanced” strategy and wants more encouragement to be given to smaller, local investors. In a detailed Q&A with The Royal Gaze...

Boosting Bermuda’s economy exclusively by courting foreign investment represents a “grossly unbalanced” strategy for the Island, economist Craig Simmons has warned. Although much of the Bermuda Government’s hopes for recovery have been pinned on brin...

Dear Sir, This letter is a response to Mr Chris Famous’s Opinion article (August 7) concerning the Civil Service, which he is defending, and his response to my criticism, the Observer, whom he bad mouthed. Mr Famous, let us rewind to the years of S...

Former minister Quinton Edness has implored the Bermuda Government to impose cuts rather than draw on its $200 million loan agreement with Butterfield Bank. Mr Edness warned last night that incurring further debt on top of the existing $2.185 billio...