RSSCategory: Politics

Budget Is ‘Unsustainable And Unimaginative’

Budget Is ‘Unsustainable And Unimaginative’

The budget is “unsustainable and unimaginative” and there are “lost opportunities for positive returns in renewable energy and encouraging a shift to electric or hybrid private vehicles,” Greenrock said. The environmental group said, “From a Greenrock perspective there’s very little to comment on regarding Budget 2017... Read more of this article

Video: Sir John Swan On Same Sex Marriage

Video: Sir John Swan On Same Sex Marriage

“Bermuda, let’s get ourselves into the 21st century,” Sir John Swan said when asked about same sex marriage, adding that “we’ve got big issues to deal with, and we should not be marginalizing people.” Sir John Swan, who served as Premier from 1982 to 1995, recently sat down with Bernews for a live interview on a wide... Read more of this article

Premier: Budget Supports, Addresses Challenges

Premier: Budget Supports, Addresses Challenges

“We have worked hard to ensure this year’s Budget addressed our serious external challenges, while making sure that the people we serve here at home – our fellow Bermudians – are properly supported and cared for,” Premier Michael Dunkley said today. Speaking on the 2017 Budget, the Premier said, “I am particularly proud of our... Read more of this article

PLP: ‘Non-Bermudians Only Category Growing’

PLP: ‘Non-Bermudians Only Category Growing’

“In between the pretty words lies the stark reality of life under the OBA, which is that non-Bermudians are the only job category growing under the OBA,” Shadow Minister of the Environment, Planning & Workforce Development Diallo Rabain said. Mr. Rabain said, “The OBA Government has a record of broken promises, anti-Bermudian policies... Read more of this article

Minister: Fund Helping To Improve St George’s

Minister: Fund Helping To Improve St George’s

Speaking in the Senate, Minister of Tourism, Transport & Municipalities Michael Fahy provided an overview about developments in St George’s, and how the funds from the fuel levy have been utilized. The Minister reminded listeners that the UNESCO World Heritage Fund and Levy Act 2013 was passed  back in 2013, enabling the town to collect a... Read more of this article

Minister: Trump, UK, Taxes & Impact On Bermuda

Minister: Trump, UK, Taxes & Impact On Bermuda

While delivering the 2017 Budget, Finance Minister Bob Richards addressed some of the developments taking place around the world and their possible impact on Bermuda, saying it is “part of the current international reality impacting and threatening the standard of living of all Bermudians” as the “risks to our international business... Read more of this article

Chamber: Initial Views On Budget Are “Mixed”

Chamber: Initial Views On Budget Are “Mixed”

“Our initial views are mixed,” Chamber of Commerce President John Wight said following today’s Budget, as “increased company payroll taxes and rolled-back tax concessions to restaurants and retailers mean that these businesses will have no choice but to pass on these costs to consumers, or reduce their workforce.” “In... Read more of this article

Live Updates: Finance Minister Delivers Budget

Live Updates: Finance Minister Delivers Budget

[Updating] Finance Minister Bob Richards is set to deliver the 2017 Budget in the House of Assembly this morning [Feb 24], which will set out the Government’s financial plans for the upcoming fiscal year. We will be covering the Budget all day, providing live updates as the Minister delivers the speech, as well as posting a copy of the full speech... Read more of this article

Video: Summary Of The 2017 Bermuda Budget

Video: Summary Of The 2017 Bermuda Budget

Introducing a new Financial Services Tax, payroll tax changes and adjustments to customs duties were a few of the financial initiatives revealed as Finance Minister Bob Richards delivered the 2017 Bermuda Budget in the House of Assembly this morning [Feb 24]. In addition, the maximum taxable salary level will be raised from $750,000 to $900,000, land... Read more of this article

Video: Minister Holds Budget Press Conference

Video: Minister Holds Budget Press Conference

The 2017/18 Budget moves Bermuda closer to our goal of having a balanced budget, Finance Minister Bob Richards said today, adding that “projections for 2018/19 indicate that the Current Account surplus will cover interest charges and capital expenditures, meaning that for the first time in 15 years, Government will not be adding new net debt,... Read more of this article

Full Document & Highlights: 2017 Budget Speech

Full Document & Highlights: 2017 Budget Speech

Payroll tax reductions for lower income earners and introducing a new Financial Services Tax were two of the financial initiatives revealed as Finance Minister Bob Richards delivered the 2017 Budget in the House of Assembly this morning [Feb 24]. A copy of the full Budget statement is below, you can view our live blog on the Budget here, all our coverage... Read more of this article

Charts Only: 2017-2018 Bermuda Budget

Charts Only: 2017-2018 Bermuda Budget

For those seeking a quick visual view of the 2017 Budget delivered in the House of Assembly by Finance Minister Bob Richards this morning [Feb 24], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2016 Budget are here, the 2015 Budget are here, 2014 Budget are here, 2013 Budget are here, 2012 Budget are here,... Read more of this article

Former Governor Waddington Dies At Age 87

Former Governor Waddington Dies At Age 87

Former Governor of Bermuda and United Kingdom home secretary under Margaret Thatcher, David Waddington, has died at the age of 87. Waddington served as Governor of Bermuda from 1992 to 1997. A story in the Guardian said, “Being home secretary is never an easy job, but David Waddington’s brief tenure in that great office of state at the tail-end... Read more of this article