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When David Burt called a snap General Election in 2020, he justified it on the basis that difficult economic problems were looming and the Government needed a mandate to take the hard decisions that would be necessary. Hard times are indeed here. Pr...

Financial relief is on its way after MPs approved $5.8 million on Friday night to help workers and families struggling with rising prices. David Burt, the Premier, said the money was part of a $15 million package that includes reductions in duty on p...

Inflation rose to 3.5 per cent in April, according to government figures released yesterday. However, prices of some goods and services went up as much as 25 per cent, with the increase in the fuel adjustment clause — 21.4 per cent — propelling the f...

Join us here for minute to minute coverage of today’s busy House of Assembly session starting at 10am

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...

A freeze on gas prices is “unsustainable”, fuel companies have warned. A block on pump payment increases has been touted by David Burt, the Premier, as one of the Government’s flagship moves to try and limit the cost-of-living crisis. But fuel compan...

Electricity bills are set to rise after Belco was given permission to increase its charges. The Regulatory Authority has approved a rise in the Fuel Adjustment Rate of about 6.5 per cent, although not all bills will go up by the same amount. A spokes...

Pensions payments to seniors are set for a 2.75 per cent boost, with the increase back dated nearly one year, MPs heard yesterday. David Burt, the Premier and finance minister, told the House of Assembly the rise “fully covers the overall rate of inf...

This week’s series of stories shows that the cost-of-living crisis is continuing to worsen for Bermuda residents. At the same time, recent retail sales figures for March show that the economy remains weak. As stated in an earlier editorial, the ris...

A shortage of properties is pushing up rental prices, with increases of as much as 30 per cent in the past 12 months, according to realtors. Digital nomads moving to Bermuda on one-year residency permits were one reason for the squeeze on the availab...

Inflation in the food sector is now running at about 8 per cent, a supermarket boss has warned. Zach Moniz, the manager of the Lindo's Group of Companies, said that the store, which has branches in Warwick and Devonshire, was doing all it could to ke...

For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021. The Ministry of Economy and Labour has just released the 2022 Retail Sales Index, with compara...