Log In

In the final part of this series, we return to where we began with the Premier and his austerity budget. Austerity budgets and economic recoveries are contradictions in terms — budgets that rely solely on spending cuts to reduce deficits are not cond...

The Government will have to pay almost $130 million in interest on its debt in the new financial year, MPs have heard. David Burt, the Premier and Minister of Finance, said: “Of this estimate, $127.2 million represents ongoing debt service costs, whi...

So what can we learn from Bermuda’s 2018 tax reform debacle? Three perennial problems for the island are underscored by these unfortunate events. The first is Bermuda’s lack of competent policymakers — in the One Bermuda Alliance as well as the Progr...

A temporary freeze on gas and diesel prices and a review to try and cut the cost of fuel was yesterday announced by the Premier. David Burt, who is also the finance minister, pledged to try and reduce fuel costs next month against a backdrop of a cos...

In or around 1776, Paul Revere was cited as saying “The British are coming, the British are coming!!” There are some disputes as to whether it should be to him or someone else that those famous words are attributed. Yet, what is undeniable is that, ...

Beneath all the smoke and mirrors of David Burt’s Budget Statement delivered on February 25 lay the stark reality that he was proposing yet another austerity budget. As the Budget details show, Bermuda’s deficit reduction in the coming year will be a...

Under the guise of “emergency powers” and fearmongering, the Premier has instilled a post-Covid authoritarian regime like no other. To come out of this, we need a quick-jolt recovery, financial stability and sustainable economic growth. Time is not o...

Plans for a vertical farm facility to produce leafy greens have been condemned by farmers. The Bermuda Farmers’ Association claims that the $3.2 million government project is not financially viable in Bermuda because of high energy costs, and will no...

The “Economic Debate on the Hill” is done and dusted and the annual Budget debate upon us. If you are not following along, closely or at all, you are probably not alone. Some 50-plus hours are put aside for what is generally regarded in parliamentary...

Jason Hayward, the Minister of Economy and Labour, and the Minister of Education, Diallo Rabain, will talk on the Budget and how it affects their ministries.

Ground could be broken on a new fishing facility by the start of next year, the economy minister has revealed. Jason Hayward, the Minister of Economy and Labour, said during the budget debate on Monday that much progress had been made on the plan for...

I am trying to maintain composure and not be overly critical. I certainly do not want to be polarised in any of my observations and criticisms, appearing just to be against everything the Government does; perchance there is higher wisdom at work. But...