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The Association of Bermuda Insurers and Reinsurers said it is encouraged by growth priorities spelled out in David Burt’s first Budget. In a statement released today, Abir welcomes the plans to develop fintech, encourage international investment and ...

The former One Bermuda Alliance administration was accused in the Budget speech of an attempt to “cut its way out of a recession”. David Burt, Premier and Minister of Finance, blamed the Opposition party’s programme of austerity for “mouldy schools, ...

The cost of financial assistance is expected to drop by about $1.5 million in the next fiscal year. The update came as the 2018-19 Budget earmarked $51.68 million for the programme, down from $53.55 million in 2017-18. Financial assistance has been u...

A commitment to the introduction of roadside breath tests is “a frontline priority”, despite no mention of road safety in the Budget statement. Walter Roban, Minister of Transport and Regulatory Affairs, said that handheld breathalysers were not high...

Proposals to raise the skyline in Hamilton have been backed by mayor Charles Gosling, but he is disappointed that the city was not consulted on the plan. He said: “It had not been raised in any conversations with our minister. I am disappointed the C...

Bermuda is to open an office in Brussels to protect the island’s interests as Britain prepares to leave the European Union. David Burt, Premier and Minister of Finance, said the office would cut the cost of consultants in Europe. He said in his Budge...

Proposals to merge or close schools should be looked at again before the Government splashes out to repair crumbling buildings, the teachers’ union has said. Mike Charles, secretary-general of the Bermuda Union of Teachers, said it would be too expen...

David Burt, the Minister of Finance and Premier, has a tough job. Nothing is easier than a critic who carries no responsibility to snipe from the sidelines and say what a rotten job he is doing. I have no intention to do that, and right from the star...

A change to payroll taxes for taxi operators is being praised by the president of an island organisation. Difficulties collecting tax from drivers meant only $350,000 of the expected $1.2 million yield was achieved last year. David Burt, the Premier ...

David Burt conceded he will face opposition from within his own camp as he outlined plans to reform the business ownership 60:40 rule. In yesterday’s Budget Statement it was announced foreigners, who could previously only own 40 per cent of a busines...

Leaders in the international business sector broadly welcomed the Budget. At the same time, the private sector was told it needed to do more to support Bermuda’s efforts to attract more international business to the island. Arthur Wightman, PwC Bermu...

The Chamber of Commerce praised David Burt yesterday for scrapping “outdated policies” as Bermuda aims to compete in the modern world. President John Wight pointed to the relaxation of the business ownership 60:40 rule, which will mean foreigners wil...