Hashtag: #UBP
Live Webcast: UBP Budget Press Conference
[Finished] Follow along live as Shadow Minister of Finance Bob Richards, flanked by fellow UBP MPs, hosts a press conference this afternoon [Feb. 25]. Earlier today, Mr Richard’s delivered Opposition’s reply to the 2011/12 Budget in the House of Assembly. With Mr Richards at the press conference is UBP Leader Kim.Swan, MP John Barritt,... Read more of this article
UBP Bob Richards’s Budget Reply
This morning [Feb 25] in the House of Assembly Shadow Minister of Finance Bob Richards is delivering the reply to the 2011/12 Budget. Mr Richard’s started off by saying: “Mr. Speaker, my colleagues and I had hoped to come to this Honourable House this morning in support of a Government Budget that had set the country on a path to economic... Read more of this article
UBP’s Richards On Budget: No Plan, Direction
Shadow Minister of Finance Bob Richards spoke about today’s budget saying “The Budget offered no plan, no direction and very few concrete steps that would give the country hope that recovery was within reach.” Mr Richards said the budget failed to “address soaring public debt, with interest charges set to nearly double to $70... Read more of this article
“Mismanagement Must Not Continue”
[By Shadow Tourism Minister Cole Simons] In yesterday’s article of the RG, it was mentioned that Bermuda’s air arrivals down 30% from the same air arrivals in 2000. This is not surprising as we have been in a Tourism trough for the past 15 years. Our downward spiralling statistics have confirmed only one thing., and that is the PLP Government... Read more of this article
UBP’s Kim Swan: Pre Budget Statement
[Pre budget statement by Opposition Leader Kim.Swan] Virtually everyone in the country is aware that Bermuda is in the grip of its most serious economic challenge in many generations, and that the Government’s spendthrift ways – enabled since 2004 by the Premier/Finance Minister – have made the situation much worse. The Budget tomorrow must lay... Read more of this article
“Bermudians Should Not Be Held Hostage”
Shadow Minister of Transport Charlie Swan has addressed the recent bus strike saying: “The Minister might have stayed his ground he could have made a case to the people if he’s serious, we may have had widespread industrial action but,in these economic times, the greater good might have been served, as I believe that the right thinking men... Read more of this article
BDA, PLP & UBP Respond to Poll Results
All three political parties have responded to the survey results released today [Jan 24] by Research Innovations on a number of factors including personal views of the three leaders of Bermuda’s political parties, economic conditions and voting intentions. The survey, which queried 403 Bermuda residents, showed that Premier Paula Cox is viewed the... Read more of this article
UBP: ‘Island Faces Economic Emergency’
Bermuda faces a “national economic emergency” unless urgent remedial action is taken, Shadow Finance Minister Bob Richards said at a press conference yesterday [Jan. 20]. Mr. Richards said in the lead-up to the 2011 Budget, the onus was on Government to both curtail public spending and help re-position Bermuda so it can regain its competitive... Read more of this article
Newstead Belmont ‘Bad News for Bermuda’
[Written by Cole Simons, Shadow Tourism Minister] The takeover of the Belmont-Newstead hotel operations is bad news for Bermuda. It closes out a fully Bermudian operation. It casts doubt on the Island’s tourism viability. It raises concerns about other hotel properties and the bank’s own obligations. And it makes us wonder whether the Government... Read more of this article
Kim Swan: Job Losses & Shrinking Paycheques
[Written By Kim Swan, Opposition Leader] Bermuda over the next months faces its toughest economic challenge since the Second World War. This is already evident in serious job losses and shrinking paycheques that are making life difficult for many families. It is also evident in declining performances in virtually all sectors of the economy. Most troubling... Read more of this article
UBP: Borrowed Money Costing $100,000 a Day
[Updated] Shadow Finance Minister Bob Richards commented on the financial aspects of overtime bans, saying “Government for years has been spending the public’s money like a drunken sailor,” and that they borrowed so much money it now “costs them more than $100,000 a day just to pay the interest on the borrowed money.” Mr... Read more of this article
UBP: “Use Tourism Board to Create Plan”
[Written by Cole Simons, Shadow Minister for Tourism] We are encouraged by the Tourism Minister’s announcement today of what constitutes, in effect, a new tourism board. These are good, high-powered individuals and we expect high-powered results. Their first task should be to focus totally on the creation of a national tourism plan. Incredibly, the... Read more of this article
