Comments on: Retail Sales Increase 0.5% In April 2019

By: question

question — Fri, 05 Jul 2019 12:26:51 +0000

And here it is. The bullying and harassment that expatriates have to put up with from xenophobic Bermudians.
Is this what Jason Hayward was talking about?

By: Joe Bloggs

Joe Bloggs — Fri, 05 Jul 2019 11:02:31 +0000

I stopped investing in Bermuda 5 years ago. My decision had nothing to do with politics and everything to do with the my view of Bermuda’s economic future.

And before the attacks start, I am Bermudian, I am not a member of any political party (and never have been), and I have no passport apart from the British/Bermudian passports that every Bermudian is entitled to.

By: Joe Bloggs

Joe Bloggs — Fri, 05 Jul 2019 10:59:06 +0000

I am not sure there is a “multitude of Canadians in Bermuda”, but if there were why would they want to invest in Bermuda? They cannot own land or the controlling interest in a Bermuda business. They have no vote and they are vilified by the Government. Why would they want to invest in Bermuda under those circumstances?

By: Jt

Jt — Thu, 04 Jul 2019 21:48:06 +0000

Predictable. Will you ever hold your government accountable for anything?
You do understand Bermudians are being increasingly cautious about holding their assets in Bermuda dollars or even on island.

By: Scoob

Scoob — Thu, 04 Jul 2019 21:14:23 +0000

Maybe give them a reason to spend their money here long term…?

By: Joe Bloggs

Joe Bloggs — Thu, 04 Jul 2019 20:57:13 +0000

We have tried a third party 3 times now. It hasn’t worked.

Most recently members of the UBP quit that party en mass and joined the BDA. They then changed the name to OBA and adopted old UBP ideals, thus removing the progressive ideals underpinning the original BDA

By: Jt

Jt — Thu, 04 Jul 2019 20:00:40 +0000

Watch him disappear with respect to the business confidence report.

By: Obviously

Obviously — Thu, 04 Jul 2019 14:28:43 +0000

Obviously there was an increase over 2018..

Good Friday in 2018 was on March 30th and in 2019 it was on April 19th.

Clearly there would be a increase in food and liquor sales in April of 2019 over April 2018.

The question is whether there was a comparable decrease in March.

By: STRAIGHTFORWARD

STRAIGHTFORWARD — Thu, 04 Jul 2019 14:08:11 +0000

With there being a presence of a multitude of Canadians in Bermuda, is it that they save their monies and forward them to Canada??
What is it about them that they are not putting money into the BERMUDA POT??
What are their ulterior intentions in Bermuda, keeping in mind that many are here, living??

By: Question

Question — Thu, 04 Jul 2019 13:28:01 +0000

Yes. They are now being measured against their own dismal performance.

By: PANGAEA

PANGAEA — Thu, 04 Jul 2019 13:17:36 +0000

May be Bermuda needs a third independent party that will put Bermuda first.

By: Joe Bloggs

Joe Bloggs — Thu, 04 Jul 2019 13:01:31 +0000

“Three out of the seven retail sectors recorded growth in sales volume”

Which means that the majority (4 out of 7) of retail sectors did not record growth.

By: sandgrownan

sandgrownan — Thu, 04 Jul 2019 11:58:17 +0000

And, of course, being PLP, the figures are slightly misleading. It’s slight rise compared to last April, but still way down on April 2017, 2016 and 2015.

By: Politricks

Politricks — Thu, 04 Jul 2019 11:43:22 +0000

As it the tax raises (sugar ans sin taxes) kicked in in April 2019 it is no wonder that food and liquor increased as the prices increased in tandem.

4 out of the 7 sectors or 57% registered another decline.

Construction is considered to be a leading economic indicator. So the 7.6% decline is not a positive sign.

“sometimes Government policies can have an effect.”

Just wait until the summer CPI and retain sales index are released. By that time the new increases in the FCPT, health insurance premiums, residential and commercial land tax will have been fully implemented resulting in less and less disposable income for the average consumer.

PLP, please do something as we are slowly dying out here economically and financially.

By: Jonathan Land Evans

Jonathan Land Evans — Thu, 04 Jul 2019 08:36:00 +0000

Perhaps it’s a kind of automatic stabiliser in the retail economy: the worse things get, the more we spend on booze in order to cope;-)

By: Question

Question — Thu, 04 Jul 2019 01:19:13 +0000

When it goes down 13 straight months they never say a word. When it goes up by 0.5% one month Furbert appears and starts talking. Watch him disappear next month when it’s down again.

By: Ringmaster

Ringmaster — Thu, 04 Jul 2019 00:00:20 +0000

All the months the sales fell, Minister Furbert was silent. A 0.5% increase sees him coming out and explaining how Government has helped retail by reducing tax on lines, sales of which fell. No wonder liquor sales are rising. That’s nothing to be proud of.

By: Onion Peels

Onion Peels — Wed, 03 Jul 2019 23:48:42 +0000

Those liquor store numbers are pure BS.

On April 1st significantly increased liquor taxes took effect. The Government is now saying that people went out and bought 7% more alcohol by volume during the month when prices increased. Hahahaha If they needed something to mix with their Koolaid they would have purchased their alcohol in March when the new taxes were announced but before the prices rose.

By: DeOnion

DeOnion — Wed, 03 Jul 2019 23:25:28 +0000

So if it was not for booze the figures would hsve fallen again

By: Red rose

Red rose — Wed, 03 Jul 2019 23:17:43 +0000

Timed release to mask the appalling business confidence survey which saw a drop of more than 23 points on last year which, itself, showed a big drop