Log In

Reset Password
BERMUDA | RSS PODCAST

Setting the record straight

• Lauren Hayward Bell is the deputy chair of the Progressive Labour Party

In response to the recent op-ed by Opposition senator Douglas De Couto, I feel compelled to address some of the misconceptions and criticisms he has raised about the Progressive Labour Party government’s handling of Bermuda's economy and finances.

Mr De Couto questions why, if the economy is so great, it doesn’t feel like it.

The answer is simple: we are still recovering from the global economic impact of the pandemic.

The PLP government has been proactive in mitigating these effects by providing support to local businesses, increasing scholarship funding for students, and launching initiatives to boost entrepreneurship. These efforts are aimed at stimulating economic growth and creating opportunities for Bermudians.

Additionally, the PLP government has developed an Economic Development Strategy as a road map for Bermuda's economic recovery and growth, and is committed to its implementation.

Despite the challenging economic environment, we have managed to keep our deficit lower than projected and have made significant investments in key sectors such as education and healthcare.

The senator conveniently overlooks the work that the PLP government has done to attract more people to Bermuda by introducing policies to make the island more welcoming to international businesses and professionals.

Progress is evidenced in the recently released Labour Force Survey Report, which highlights a 4.9 per cent increase in non-Bermudian workers between November 2020 and November 2022.

Now that Bermuda’s gross domestic product statistics are showing signs of strengthening, Mr DeCouto makes a weak attempt to convince the Bermudian public that GDP, an internationally accepted economic indicator, is no longer an effective measurement tool for our economy.

This is an insult to the intelligence of the Bermudian electorate and negates the important work of experienced, professional and highly trained public officers employed at the Department of Statistics. His assertion is ironic, especially given that the One Bermuda Alliance has referenced GDP historically.

Our government has been transparent about the challenges we face and the steps taken to address them.

We are committed to keeping the public informed and engaged in our efforts to build a stronger, more prosperous Bermuda.

The PLP government is committed to serving the people of Bermuda and is working tirelessly to improve our economy and finances. We will continue to work with all stakeholders, including the Opposition, to achieve our common goals

The PLP government is not just planning for the short term, but for the long-term prosperity of Bermuda and its people.

• Lauren Hayward Bell is the deputy chair of the Progressive Labour Party

You must be Registered or to post comment or to vote.

Published July 28, 2023 at 8:00 am (Updated July 27, 2023 at 5:35 pm)

Setting the record straight

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon