Hashtag: #Covid19Finances

50% Payroll Tax Break For Taxi Operators

50% Payroll Tax Break For Taxi Operators

“Recognizing the challenges faced by taxi operators, the Government will provide a 50% Payroll Tax break to assist the sector,” Premier David Burt said. Speaking at last night’s [Sept 8] press briefing, Premier Burt said, “Among many sectors that were severely impacted by Covid-19 was the Taxi industry. The shelter in place and... Read more of this article

Finance Minister: “We Will Fund New Projects”

Finance Minister: “We Will Fund New Projects”

“We will fund new projects, such as investments in renewable energy that will reduce the Government’s electricity bill in the long run while providing jobs for Bermudians,” Finance Minister Curtis Dickinson said. Speaking at yesterday’s [Sept 2] press conference, Minister Dickinson said, “Although our COVID–19 Pandemic –... Read more of this article

Video: Finance Minister Press Conference

Video: Finance Minister Press Conference

[Updated] Minister of Finance Curtis Dickinson held a press conference this afternoon [Sept 2] to update on the economy, and we will have additional coverage later on and in the meantime the video is below.Update: Minister Dickinson’s remarks: Good afternoon. Thank you for being here. Since the beginning of the COVID-19 pandemic in Bermuda, the... Read more of this article

Minister: “Recipients Will Receive $1520 Monthly”

Minister: “Recipients Will Receive $1520 Monthly”

“The Supplementary Unemployment Benefits program is scheduled to run until March 31, 2021, and recipients will receive a monthly flat rate of $1520 with some individuals receiving an additional monthly payment of $429 for their health insurance premium,” Minister of Labour Jason Hayward said. Speaking at last night’s press briefing,... Read more of this article

Minister On Supplemental Unemployment Benefit

Minister On Supplemental Unemployment Benefit

[Updated] Minister of Labour Jason Hayward is holding a press conference today [Aug 20], and we will have additional coverage later on and in the meantime the live video is below. The Minister said that as the unemployment benefit comes to an end, the Government is aware that many in our community still need assistance, so they created the Supplemental... Read more of this article

Government Update On Unemployment Benefit

Government Update On Unemployment Benefit

The Government announced that the temporary unemployment benefit which was introduced at the onset of the pandemic “will transition persons to either Financial Assistance or a longer term unemployment support,” with Bermudians and spouses of Bermudians eligible for further benefits. A spokesperson said, “The COVID-19 crisis continues... Read more of this article

Govt On Supplemental Unemployment Benefit

Govt On Supplemental Unemployment Benefit

The Government provided some further information on the unemployment benefit, financial assistance and the supplemental unemployment assistance. A Government spokesperson said, “The public is aware that the Government’s unemployment benefit was extended from 12 to 16 weeks is now being extended by a further 2 weeks for a total of 18 weeks.... Read more of this article

Unemployment Benefit: Additional Two Weeks

Unemployment Benefit: Additional Two Weeks

“Government plans to extend the unemployment benefit for an additional two weeks to allow persons the opportunity to transition to the new benefit,” Minister Jason Hayward said, with the Minister explaining that the Government “will introduce a supplemental unemployment assistance.” Speaking at last night’s [July 24] press... Read more of this article

Unemployment Benefit Payments Delayed

Unemployment Benefit Payments Delayed

Due to technical problems at the bank, unemployment benefit payments due today were delayed, however the matter has been resolved and the payments are scheduled to be processed this evening, the Ministry of Finance said. A spokesperson said, “The Ministry of Finance is advising the public that due to technical problems being experienced by the... Read more of this article

Minister: $43M Paid In Unemployment Benefit

Minister: $43M Paid In Unemployment Benefit

Finance Minister Curtis Dickinson confirmed that unemployment benefits have been paid to over 10,100 persons for a total cost to date of approximately $43 million. Speaking at last night’s [July 2] press briefing, Minister Dickinson said, “The term of the unemployment benefits has been extended for an additional 4 weeks, for a total of 16... Read more of this article

Video: BNV Discussion On Bermuda’s Economy

Video: BNV Discussion On Bermuda’s Economy

[Updated with video] At approximately 2.00pm today [July 1] Craig Simmons, Cheryl Packwood, and Nathan Kowalski will be joining host Don Burgess for another Bernews News & Views video, discussing the island’s economy and the impacts of Covid-19. The pandemic “unleashed both a global health emergency and an unprecedented economic crisis of... Read more of this article

Payroll Tax Relief For Restaurants And Bars

Payroll Tax Relief For Restaurants And Bars

The Ministry has provided information on the payroll tax relief for qualifying restaurants and bars, with payroll tax to be set at a zero rate during the quarter ending 30th June 2020. A spokesperson said, “The Ministry of Finance has agreed that during the quarter ending 30th June 2020, payroll tax will be set at a zero rate for both the Employer... Read more of this article

HSBC Does Not Charge A Fee For UB Cheques

HSBC Does Not Charge A Fee For UB Cheques

In response to a question that was asked during the Monday [June 22] Covid-19 Update press conference, the Ministry of Finance confirmed that “HSBC Limited does not charge a cheque cashing fee for Unemployment Benefit cheques.” A spokesperson for HSBC said, “We can confirm that the cheque cashing fee is not charged for Unemployment Benefit... Read more of this article