An elite group of economic experts is being formed to target issues such as affordable housing in Bermuda, Premier Ewart Brown has promised.

The Council of Economic Advisers will be formed by the end of next month and will consist of people who understand Bermuda?s ?artificially different economy? and its impact on the average citizen.

The Premier was speaking at the fourth Annual Premier?s Dinner for Bermudian students in the UK was to convince them to return to Bermuda ? preventing a brain drain of the Island?s brightest young people.

However, as many students attending the dinner at London?s Mandarin Oriental Hyde Park hotel noted, much of the effort the Government made was redundant as almost every student wanted to return.

But as they told the Premier ? if some of the brightest people in Bermuda could not afford to buy then returning would difficult.

And in response to the question of what Dr. Brown will do about affordable housing he said: ?That is very much on the front burner. It has to be.?

Bermuda has what he termed an ?artificially different economy? ? an economy where, for example, taxi drivers have travelled more than the passengers they carry. ?That indicates the nature of our economy and how different it is.

?Housing has become ridiculously expensive,? said Dr. Brown, adding ?Most of you will find it difficult.?

Dr. Brown, said the Council, which will consist of some of Bermuda?s best financial leaders, will tackle questions including ?what kind of structural changes, in a bold fashion, do we have to make??.

He added: ?I intend to challenge them to use their brain power to recommend to this Government the changes that must be made.

?It is ridiculous for you to go out (into the world) and expand yourselves, and then go home and be unable to find yourselves a place to live.?