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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The Chamber of Commerce praised David Burt yesterday for scrapping “outdated policies” as Bermuda aims to compete in the modern world.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...

The Bermuda Government will borrow an extra $90 million in 2018-19 and put back the date to balance the budget by another year. David Burt’s maiden Budget yesterday focused on economic stimulation at the expense of austerity. One of the results is th...

David Burt has pledged $3 million to help bolster Bermuda’s battered bus fleet. The Premier and Minister of Finance said during his Budget Statement: “Rebuilding the bus fleet is a priority for this Government as we support public transport.” He sai...

Traditional barriers in Bermuda are to come down as the island opens some doors in a bid to boost the economy with foreign investment. David Burt, the Premier and Minister of Finance, announced an end to the 60:40 rule to guarantee Bermudian majority...

The Bermuda Government stands to reap millions by tightening payroll tax on notional salaries in owner-managed businesses. Branded an “often-abused part of the payroll-tax system” by David Burt in his Budget speech, notional salaries were estimated t...

The Bermuda Diabetes Association welcomed the inclusion of a sugar tax and a cut in duty rates for healthy items in the 2018-19 Budget yesterday, but emphasised the need for education on healthy eating habits. Chairwoman Debbie Jones said: “Educatio...

The Government’s plan to reinstate a $25 million subsidy to the Bermuda Hospitals Board is not enough to bring island’s hospitals back to a healthy financial position, a spokeswoman warned yesterday. She added that the grant would help delay the imp...

Seniors will see their pensions rise at the same rate of inflation for the rest of the Progressive Labour Party’s tenure. However, Charles Jeffers, an advocate for the elderly, warned that seniors would continue to struggle because of the soaring cos...

David Burt delivered an impressive maiden Budget statement yesterday, driven by an appreciation of economic reality, spiced with a touch of political boldness. As the Premier and Minister of Finance, he faced the largest test of his young political c...

An attempt to boost small businesses will be revealed this morning in David Burt’s first Budget. Sources said that the Premier and Minister of Finance would announce a plan to make it easier for smaller companies to compete for government contracts. ...