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Finance Ministry forecasters do not expect Bermuda’s economy to emerge from recession until the middle of next year. The grim prognosis came in the National Economic Report of 2010, which estimates that Bermuda’s gross domestic product (GDP) fell fou...

Whether they were posted on our website stories, our Facebook pages, or our Follow It Live site, as we reported live on the Budget we were inundated with comments yesterday. In their own words, here is a sample of some of those comments. Congratulat...

The Police budget was cut by $7.5 million yesterday, receiving 11 percent less funding than last year. Minister of National Security David Burch pledged that public safety would not be compromised by the cuts. However, the news was greeted with conce...

The cost of interest alone on Bermuda’s spiralling public debt equates to $191,780 per day. That is according to the Budget statement released by Premier and Finance Minister Paula Cox yesterday, which shows that Government borrowing has surged past ...

The Island's two senior schools have seen their budgets cut by more than 20 percent while learning support, counselling and summer school programmes have been cut by more than 30 percent. Yesterday Minister of Education Dame Jennifer Smith announced ...

Programmes to help at-risk young people and small businesses were two victims of Premier Paula Cox’s cost-cutting Budget yesterday. The Mirrors programme repeatedly heralded for turning around the lives of young men and women since its launch four ye...

The Ministry of Health will need to review every penny spent to create value for money in the coming year, said Minister Zane DeSilva. He stated $9 million in expected cuts, spread out over various health departments. The Ministry of Health headqua...

Premier Paula Cox yesterday cut payroll tax, hoping to stimulate the economy and lead Bermuda into recovery from recession. Reversing the unpopular two percentage point rise she imposed last year so payroll tax returns to 14 percent Ms Cox says she’s...

Premier and Finance Minister Paula Cox slashed employment costs for businesses today, when she announced in her Budget statement that the rate of payroll tax will be cut by two percentage points from April. The move takes the rate from 16 percent to ...

Premier Paula Cox today took the unprecedented step of issuing a pre-Budget statement on the Progressive Labour Party website. An introduction to the statement said that “t5oday, Premier Paula Cox will introduce the budget. She notes that this Bermud...