A very concerning report about the strength of our primary industry is presented and our Premier takes a pass on commenting? Does this contradict the great reputation he’s been raving about? Should we be worried about government policies and their long term impacts? Are we in for a rude awakening and are dire straits ahead?
Only a week ago, Premier Brown was hyping up the success of the PLP government and Bermuda’s grand reputation:
“Bermuda is earning rave reviews in Wall Street, major players are bullish. That would not happen if they did not think the Bermuda Government was a blue chip Government.
“Strong as our reputation is around the world, I will continue to build the brand.”
Yet, today’s Royal Gazette paints a very different picture where it suggests that the reinsurance community could relocate “at the drop of a hat”. Yet, despite these frightening revelations, Premier Brown apparently does not deem them important enough to comment on.
Another article suggests further insights from the report:
The pro-independence and anti-expat rhetoric is scary, the work-permit situation chaotic and the power of instant deportation over any non-Bermudian (including troublesome journalists) is genuinely frightening.
For those in the know, the work-permit situation on island is indeed chaotic for many businesses. Durations for a response take many months and leave many businesses having severe difficulties keeping candidates interested that long waiting for an answer. There are rumors abound within the international business community that many companies have been planning to relocate jobs off island and the reinsurance article reaffirms those rumors.
Most concerning are the remarks made concerning independence:
“However, the recent appeal to London’s Privy council over media reporting of leaked police files in an infamous construction-related corruption case has reminded outsiders that as long as Bermuda isn’t independent, the ultimate checks and balances still reside elsewhere.”
For anyone who holds the view that independence could in no way cause a flight of international business, the above remarks should come as a serious wake-up call. Perhaps young Johnny shouldn’t be as concerned about the Sven’s from Sweden and a little more concerned as to whether there will be any jobs left for young Johnny at all?
Should we be concerned that our Premier can “pass” on commenting on these troubling remarks about the state of our most important industry? Do we really have as great of a reputation as he is contending? Could a “mass exodus” actually be a reality where one day Bermudians like you and I will wake up to find we have no jobs and no future?
Silence from our Premier is not what I expect at a time like this.