Hashtag: #BobRichards
Video: Strengthening Ties Between Bermuda, UK
Britain’s Minister for the Overseas Territories Mark Simmonds, Governor George Fergusson, Premier Craig Cannonier and Finance Minister Bob Richards held a press conference this morning [Apr 26] where they discussed how they can work together for the benefit of Bermuda. Premier Craig Cannonier said, “We want to assure Bermuda that we continue... Read more of this article
Video: Minister Richards On Economic Growth
Minister of Finance Bob Richards said he cannot give a “huge amount of hope for economic growth this year”, however said the things have been put in place by the Government are starting to work. The Minister was speaking at the Capital G Wealth Conference, beginning his speech by joking about his 7-minute limitation, saying that “as... Read more of this article
House Passes Debt Ceiling Raise: To $2.5B
Last night Parliamentarians passed the Government Loans Amendment Act 2013, allowing for the Government’s authorized debt ceiling to raise from $1.45 billion to $2.5 billion. The raise does not mean the Government intends to immediately borrow this amount, it means it is legally permissible to. The bill still has to go to the Senate before it... Read more of this article
Brian Duperreault To Head SAGE Commission
[Updated w/PLP comment] Insurance executive Brian Duperreault will head the new Spending and Government Efficiency [SAGE] Commission, Finance Minister Bob Richards announced this morning [Feb 28]. The other members of the Commission will be Kim White, Kenneth Dill, Peter Hardy, Kathy Duffey and Don MacKenzie. Minister Richards said the Commission’s... Read more of this article
Live Blog Updates: 2013/14 Bermuda Budget
[Updated] Finance Minister Bob Richards is set to deliver the 2013 Budget in the House of Assembly this morning [Feb 22], which will set out the Government’s financials plans for the upcoming fiscal year. This will be the first budget devised by Minister Richards on behalf of the One Bermuda Alliance Government, who took control following their... Read more of this article
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
