Getting our economy working for everyone
Bermuda’s economy is not just about numbers and statistics; it’s about the hours you work, the bills you pay, and the future you are building for your family. Good economic news should mean something to every Bermudian — but to many it’s just numbers.
Wages are up, tourism is growing, and businesses are investing in our future, but too many Bermudians are struggling to keep up. We believe that a growing economy means nothing if it is not lifting you and your family up as well. That is why we are committed to not just working for a good economy, but also ensuring that it translates into something meaningful for you.
Minister Jason Hayward’s latest report on the economy shows that employment income has risen by 6.5 per cent — with major gains in international business, hospitality and transportation. That means:
• For families: higher wages to help cover grocery and household bills
• For job seekers: growth in international business, hotels and restaurants — meaning more job opportunities for Bermudians
• For entrepreneurs: with visitor spending rising to $139.4 million in the third quarter of 2024, local businesses are seeing more customers
While there is progress for our economy, we also recognise reality. Too many Bermudians still struggle with high grocery prices, rent and electricity bills. That’s why this government has been laser-focused on tackling the cost-of-living crisis:
• We are fighting for lower food prices because no Bermudian should go hungry
• We’re expanding affordable housing because everyone deserves a safe place to call home
• We’re working to lower energy costs because your light bill shouldn’t break the bank
• We’re working to ensure that banks and other businesses are not sacrificing our people for profits
• We’re investing in training and apprenticeships so that young Bermudians can build lasting careers
• We’re holding fast on protected and restricted job categories to preserve opportunities for Bermudians
• We’re working to eliminate red tape and further expand access to capital for small businesses so that they can grow, hire more workers and thrive
Bermudians are hard-working, resilient and determined. You deserve an economy that rewards that hard work. That’s why we are redoubling our fight for affordable living, job creation, and making sure that when the economy grows, the wealthy and privileged are not the only ones who feel it — but that you feel it, too.
We won’t stop fighting for you. We won’t stop pushing for fairness. And we won’t stop until every Bermudian can feel hopeful about their future.
Because a fairer Bermuda isn’t just about cold numbers or statistics; it’s about you.
• André Famous is the Progressive Labour Party candidate for Devonshire South Central (Constituency 12)