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A budget is a curious thing, nowhere near as simple as it looks. It is not realised monies — as in cash received in hand, cash spent out — gone! A budget places its emphasis on what we think we will see financially going forward. A budget can be (and...

Bermuda’s economy will be strong enough to withstand new tax increases, Finance Minister Bob Richards claimed as he read his Budget Statement to the House of Assembly yesterday. Mr Richards announced a host of hikes, including the scaling back of con...

Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance. Analysts from the Ministry estimate that the economy will grow by up to 1.5 per cent next year. In the outlook section of The National Economic...

An intrepid kayaker crowned “People’s Choice Adventurer of the Year” by National Geographic has praised the Island’s people for coming to his rescue. Aleksander Doba thanked Jim Butterfield and the Bermuda Sloop Foundation as he was presented with th...

One of the weaknesses of democracy is that it encourages our political leaders to shy away from taking politically difficult actions that would serve the interests of their country in the long term, but would cost them popularity with voters in the ...

David Burt, the Deputy Leader of the Opposition and Shadow Minister for Finance, attacked the efforts of Bob Richards in the wake of this morning’s Budget statement. In a Progressive Labour Party released this afternoon, Mr Burt said: “In his third B...

Bermuda Under-18 national team squandered an early two goal lead as the United States Under-17s came from behind to win 5-2 at the IMG Academy complex in Bradenton, Florida yesterday. However, Richard Todd, the National Academy director, said two go...

Every week hundreds of containers full of fresh produce are loaded onto the Bermuda Islander and the Oleander in New Jersey to be carried across the Atlantic to the Island’s supermarkets. Often the crews of the two vessels endure treacherous weather ...

A restructured banking sector is on the cards, Finance Minister Bob Richards said yesterday. Mr Richards, delivering the Budget speech in the House of Assembly, said that banks were still not pulling their weight in helping to kick-start the economy....

Dear Dave, I’m 30 and debt-free. Do you think I should stop making contributions to my pension fund for a year in order to save up an emergency fund? ­— Beth Dear Beth, Yes, I do. But it shouldn’t take you a year to set aside an emergency fund i...

One team has never won the league, for the other it has been 22 years, but both have a chance to move closer to their goal when Hamilton Parish host leaders Somerset Trojans in a top-of-the-table clash at Wellington Oval tomorrow. Both teams have dr...