Hashtag: #BobRichards
‘Rules Didn’t Matter, Overspending Didn’t Matter’
“It was conditions where rules didn’t matter and overspending didn’t matter,” Finance Minister Bob Richards said following the release of the Auditor General’s report, adding that “when you have that kind of poor level of governance it costs taxpayers millions.” The Auditor General’s report covered 2010, 2011 and... Read more of this article
Minister Richards: Govt Will Not Pay Legal Costs
The government’s financial support is “becoming a distraction from the real issues” so he will “not be seeking reimbursement of legal costs from the government in his legal action for defamation,” Minister of Finance Bob Richards said today. The Finance Minister launched legal action against BPSU President and People’s Campaign... Read more of this article
Finance Minister Comments On Tax Haven List
The Deputy Premier and Minister of Finance Bob Richards today [Aug 28] commented on a report that Bermuda has been named to a new tax haven list drawn up by the District of Columbia in the US. While such changes would first have to be reviewed by the US Congress before becoming law, the Minister stated, “As we recently told the European Commission,... Read more of this article
Minister Richards New York Trip Cost $2,180.76
A trip in June 2015 by Finance Minister Bob Richards to New York, New York to participate in the US Mexican Chamber of Commerce – New Insurance and Reinsurance Regulations Conference cost $2,180.76, according to a recent listing on the Government’s travel webpage. The trip took place from Tuesday, June 2nd to Wednesday, June 3rd, and the... Read more of this article
Minister Richards UK/Brussels Trip Cost $9,810
A trip in June 2015 by Finance Minister Bob Richards to the UK and Brussels to attend meetings about Solvency II and tax related matters cost $9,810.91, according to a recent listing on the Government’s travel webpage. The trip took place from Sunday, June 21st to Friday, June 25th, and the webpage listing said: “Minister met with UK Foreign... Read more of this article
Minister: Govt Arranges $200 Million Loan Facility
[Updated] The Bermuda Government will be executing a $200 million loan facility agreement with the Bank of NT Butterfield, Minister of Finance Bob Richards in the House of Assembly today [July 17], saying that when this facility is fully drawn Bermuda’s gross debt will stand at $2.385 billion. Minister Richards said, “Members will recall... Read more of this article
Minister Bob Richards: “This List Is Baseless”
Speaking on Bermuda being placed on EU list of “uncooperative” tax jurisdictions,” Deputy Premier and Minister of Finance Bob Richards said the “list is baseless and does not survive even cursory scrutiny.” Speaking in the House of Assembly today [June 19], Minister Richards said, “On Wednesday June 17th 2015, the European... Read more of this article
Deputy Premier Hosts Gibraltar Representatives
The Deputy Premier and Minister of Finance Bob Richards today [June 10] met with the Minister for Financial Services and Gaming of Her Majesty’s Government of Gibraltar, the Hon. Albert Isola, and James Tipping, the Finance Centre Director at the Ministry of Financial Services. “Accompanied by the Financial Secretary, Anthony Manders, Minister... Read more of this article
Minister: Airport Plan Appraisal Now Completed
Today [May 20], Deputy Premier and Minister of Finance Bob Richards announced the “completion of an independent appraisal of the method of procurement for the redevelopment of the L.F. Wade International Airport using the Canadian Commercial Corporation [CCC].” Minister Richards said, “In order to improve the value of this unique proposal,... Read more of this article
Video: Finance Minister On Aecon/CCC Deal
“The notion that somehow we were doing some sort of deal with Aecon before we met and dealt with CCC is nonsense” and the “idea that somehow we had some sort of plot or collusion is ludicrous,” Finance Minister Bob Richards said today [May 13], adding that “there is nothing that we have done that has not been according... Read more of this article
Videos: Minister Bob Richards On Airport Plans
The airport project is “expected to create over 600 jobs at least three quarters of which will be Bermudian,” it should be finished by 2019, and “the lease appears to be 35 years and a management contract,” Finance Minister Bob Richards said at a Town Hall last night [Mar 31]. The Minister also there has “been some disagreement”... Read more of this article
Premier’s Trip Cost $5.4K, Richards Cost $19.3K
A trip this month by Premier Michael Dunkley to Washington DC cost $5,472; while a trip late last year by Finance Minister Bob Richards to the United Kingdom cost $19,316, according to recent listings on the Government’s travel webpage. The Premier’s trip duration was listed as Tuesday, February 03, 2015 – Friday, February 06, 2015, and... Read more of this article
Minister Richards Trip To London Cost $9,397.49
According to the latest listing on the Government’s travel webpage, Minister of Finance Bob Richards’ trip to the UK last month cost $9,397.49. The trip took place from Sunday, November 9th to Friday, November 14th, and the webpage listing said: “The Minister of Finance met with Lord Deighton, Commercial Secretary to HM Treasury, to put... Read more of this article
“Engaging With The Outside World Is Vital”
“Every penny every Bermudian has or earns comes from the same place – outside Bermuda. This means that engaging with the outside world is as vital as the heart is to the body,” Finance Minister Bob Richards said in a recent speech to the Bermuda Society in London. Minister Richards said, “Since the general election of 2012 my... Read more of this article
Minister Richards Banking Trip Cost $2,220.11
The Government’s webpage providing the costs of Minister’s travel has been updated again, this time showing a $2,220.11 cost for Finance Minister Bob Richard’s trip to attend the 2014 G30 International Banking Seminar in Washington, DC. The trip took place from Saturday, October 11, 2014 to Monday, October 13, 2014, and the website... Read more of this article
Richards: “Growing The Economy We’ve Got”
[Opinion column written by Minister of Finance Bob Richards] Economic growth is essential for Bermuda’s recovery from years of recession and fiscal mismanagement. Growth is the Government’s Number One priority because only through growth – fueled by new dollars flowing into the Island from abroad– can we improve the lives of more Bermudians... Read more of this article
