Families and small firms will be protected from huge price hikes under new laws planned by Premier Paula Cox.

In her national plan, presented to Progressive Labour Party delegates last week, Ms Cox said she would introduce legislation to regulate "unreasonable and extortionate increases in the prices of staple goods used by individuals and businesses".

A study into poverty in Bermuda released two years ago found more than 3,000 homes are living below the poverty line of $27,000 per annum for a single person, or $76,000 for a two-parent family with two children.

At that time, some argued the poverty line should actually be set much higher, because many more families are struggling to cope with soaring food and fuel prices — a problem exacerbated by the economic crisis.

Also in her platform to improve life for families, Ms Cox says she will carry out a comprehensive review of family law to remove gender bias.

And she will strengthen links between the National Training Board, Department of Labour and Financial Assistance.

The process of applying for benefits will be simplified but, to qualify for financial aid, people will have to prove they're willing to work.