Comments on: Financial Policy Council On Economic Recovery

By: Joe Bloggs

Joe Bloggs — Tue, 25 Aug 2020 10:36:43 +0000

“Importantly Members urged the Government to also consider critical factors that enable -or hinder- economic growth, such as immigration. Members acknowledged that Bermuda’s economy had been suffering from over a decade of anaemic performance before the Covid-19 outbreak and that the pandemic offered a unique opportunity to escape this by undertaking a bold reform agenda.”

No! There must not be immigration reform! Everyone surround the House of Assembly and prevent this Government from selling our future to foreigners!

By: Unbelievable

Unbelievable — Mon, 24 Aug 2020 15:45:07 +0000

I know this committee is full of business leaders but this is beyond ridiculous. This reads as “business as usual”. It’s just calling for this or that.

I’m telling you lot, the PLP have NO IDEAS on how to turn things around. They just flat out don’t and no PLP die-hard can site an idea. I’m waiting to hear however.

But 14 meetings later and this is what they present? Yes secure the banks and any other large institutions, I agree but no one on this committee is even a small business owner. Were is the small business owner in all of this?

PLP voters – please wake up and demand your Govt to get it’s act together.

By: red rose

red rose — Mon, 24 Aug 2020 15:23:27 +0000

it seems everyone knows there is an urgent need for an economic plan except Burt who puts everything on hold for a general election. go figure

By: sandgrownan

sandgrownan — Mon, 24 Aug 2020 13:11:02 +0000

14 meetings? fourteen. FOURTEEN. FFS. Get on with it.

“Members acknowledged that Bermuda’s economy had been suffering from over a decade of anaemic performance”.

No kidding. It took 14 meetings to figure that out? What about hte 10 years of rapid decline and overspend before that?

And barely a mention of immigration reform, and nothing about reducing spend particularly in the bloated civil service we neither need, want nor afford.

By: Noah James

Noah James — Mon, 24 Aug 2020 13:09:55 +0000

The Financial Policy Council today has highlighted “that a comprehensive Economic Recovery Plan should be put in place as a matter of urgency.” so Burt holds an election which halts any plans (there might be …) to get the economy going again and people back to work…

By: Ringmaster

Ringmaster — Mon, 24 Aug 2020 12:23:12 +0000

So the FPC met a month ago, and apparently all that has happened is the increased debt. They next meet in December. What’s the point of this as clearly there is no urgency in their minds. Bermuda however is in a critical economic state, bordering on entering ICU.