Monthly Archives: February 2014

Too close to call

Although the headline in today’s Gazette is correct in saying its poll says the PLP would win an election today, it would be more accurate to say that a general election held today is either party’s to win – a … Continue reading

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A reforming budget

Budgets always have three functions. One is the most basic – the fiscal question of whether the budget is balanced, how much is being spent, whether the Government is living within its means, what taxes are being increased, how much … Continue reading

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‘Teddy’ Richards

Recently UK Opposition Leader Ed Miliband has been trying to compare himself to rough riding trust buster Teddy Roosevelt. But Bob Richards seems to be taking on that mantle in the Budget Statement when he takes on two entrenched interests. … Continue reading

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Budget: $70m in cuts, 60:40 to be abolished

Highlights of the Budget, announced today: Here’s the full Budget Statement: 2014 Budget $70 million in cuts this year, and 15% over three years. 60:40 rule to be abolished Three gaming licences likely to be issued Spending in the coming … Continue reading

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Budget predictions

Further to yesterday’s post on the economy, there are a lot of Budget previews today: The Gazette predicts there will be $75 million in cuts here, the PLP started its spin in the Bermuda Sun here and here (yes, it’s Christopher … Continue reading

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Bob’s big idea

The political scandal that has roiled the local scene this week has had one effect – it has distracted attention from the Budget, which Finance Minister Bob Richards will unveil tomorrow. The big question that he should be answering is … Continue reading

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Striking over an anachronism

The continuing dispute at the Fairmont Hamilton Princess shows that some segments of Bermuda still haven’t woken up to the new economic realities. No one likes to see anyone lose a job, but this dispute has more to do with … Continue reading

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‘More aggressive than SAGE’

Bob Richards says Government is going to be more aggressive than the SAGE Commission in cutting costs, according to his comments from a breakfast meeting today. And he is touting his big idea for “public service mutuals” in which civil … Continue reading

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