Hashtag: #BobRichards
Premier, Minister & Governor On U.K. Visit
Premier Craig Cannonier attended a bilateral in London with the Minister responsible for Overseas Territories, Parliamentary Under Secretary of State for Foreign & Commonwealth Affairs Mark Simmonds. Accompanying the Premier was Minister of Finance Bob Richards, Governor George Fergusson, Assistant Financial Secretary Wayne Brown and UK Representative... Read more of this article
Finance Minister to Speak At Chamber Breakfast
In keeping with a long standing tradition the Bermuda Chamber of Commerce will host its Annual Budget Breakfast on Monday February 25th. Chamber Executive Joanne MacPhee noted; “We are delighted to confirm that Minister of Finance, the Hon. Bob Richard, JP, MP has agreed to address the membership at our Annual Budget Breakfast, to be held the Monday... Read more of this article
BPSU Responds: Minister Richards Comments
BPSU President Kevin Grant has responded to recent comments made by Finance Minister Bob Richards saying he is “well aware” of the challenges we are facing, but the “only way to address this is collaboratively.” Minister Richards recently held his first official briefing as Finance Minister, and said while keeping the OBA’s... Read more of this article
Minister Richards Gives First Finance Briefing
[Updated with video] Minister of Finance Bob Richards held his first press conference this afternoon [Jan 16], addressing the state of the island’s finances. Minister Richards gave some preliminary numbers, and said “the state of Government finances is every bit as bad as we had feared it might be when we were on the outside.” The... Read more of this article
Richards: Government’s ‘Anti Business’ Attitude
[Updated w/PLP response] The “anti-business attitudes that characterized this Government’s years in office have served no one well,” Shadow Finance Minister Bob Richards said this evening. Mr Richards said: “The only hope to get thousands of out-of-work Bermudians back to work is through private businesses, large and small. The... Read more of this article
Bob Richards: Plan A ‘Win-Win-Win Proposition’
[Updated] The OBA’s Jobs and Economic Recovery Plan is a “win-win-win proposition” as an unemployed Bermudian gets a job, the employer gets a tax break, and the government earns extra tax income, Shadow Finance Minister Bob Richards recently said. Mr Richards was responding to the PLP’s David Burt who recently said the “OBA... Read more of this article
OBA: ‘Government Finances Are In Deep Trouble’
“It is clear to the OBA and Bermudians everywhere that Government finances are in deep trouble,” Shadow Finance Minister Bob Richards said. “We know Government is borrowing to pay the interest on the money it has already borrowed. We know it is borrowing to pay the salaries of civil servants and keep the lights on where they work.... Read more of this article
Premier Paula Cox Responds To Bob Richards
Premier and Minister of Finance Paula Cox responded to comments made today [Oct 19] by the Shadow Finance Minister Bob Richards regarding cost savings on Government’s insurance. Speaking at a press conference today, Mr Richards said: “Bermuda is one of the world’s three risk capitals, yet the government pays a huge $12 million annual insurance... Read more of this article
Richards: Government Are ‘Master Flip Floppers’
After the PLP accused Shadow Finance Minister Bob Richards of a “flip flop” following his comments about the Cayman Islands, Mr Richards said “it’s rich of them to be accusing anyone of flip-flopping given their own appalling record in this area.” These flurry of words come after news that the Cayman will impose a 10% tax foreign workers... Read more of this article
PLP Accuse Bob Richards Of ‘Flip Flopping’
[Updated] The PLP have accused Shadow Finance Minister Bob Richards of a “flip flop” following his comments about the Cayman Islands decision to implement a special tax on ex-pats. Cayman Premier McKeeva Bush said he did not want to impose the tax, but he had no choice because the United Kingdom was demanding a sustainable budget. The new... Read more of this article
Bob Richards: ‘Cayman Situation Is A Warning’
“Bermuda should take heed of what is happening in Cayman Islands, where its Government is being compelled by the UK to raise taxes because of excessive debt,” Shadow Finance Minister Bob Richards said. Earlier this month their local media reported that the Cayman Islands will be introducing a 10% tax for foreign workers earning over $20,000... Read more of this article
OBA: ‘Damning Judgment On The Government’
Fitch’s downgrade of Bermuda is a “damning judgment on the Government’s financial stewardship,” Shadow Finance Minister Bob Richards this afternoon. Yesterday [June 26] Fitch Ratings downgraded Bermuda to ‘AA’ from ‘AA+’ citing “deteriorating fiscal and government debt ratios and lack of a credible fiscal... Read more of this article
PLP: ‘Suggestion Would Put Economy In Danger’
[Updated] The PLP said that a suggestion by Shadow Finance Minister Bob Richards would “put our economy in danger” and could end up with us being “deemed a tax haven” – while Mr Richards said the PLP deliberately distorted his words. “The PLP operatives will do whatever it takes to tear down anyone who questions... Read more of this article
PLP & OBA Continue To Debate Term Limit Policy
Shadow Finance Minister Bob Richards and the Progressive Labour Party continue to verbally spar over term limits, following a recent report from the Cayman Islands about the impact term limits had on their business growth. “The flak gets heaviest when you’re closest to the target. The latest anonymous PLP assault on my credibility and the OBA... Read more of this article
PLP, Bob Richards & Cayman Term Limits
The PLP has hit back at Shadow Finance Minister Bob Richards and the OBA after a recent study done in the Cayman Islands indicated that their term limit policy is not one of the top four factors limiting business growth. The recently completed report by the Cayman Term Limit Review Committee about the seven-year term limits said the cost of doing business... Read more of this article
Government To Meet With Potential ‘Investors’
[Updated] The Bermuda Government issued a statement saying they will be “meeting domestic and international investors to provide an update on economic/fiscal developments in the Country, and also as part of its process of evaluating market conditions and potential funding opportunities to address its borrowing requirement…” Shadow... Read more of this article
