It’s predictable that the new Shadow Finance Minster and former UBP candidate Doug Decouto has picked up where Cole Simons left off; misleading Bermudians in a desperate attempt to somehow convince voters that the OBA are better stewards of the economy than the PLP.
We know between now and the next election, the OBA will stop at nothing to try to reclaim the mantle of sound economic management from the PLP. But the facts are that following a global pandemic that wreaked havoc on economies around the world, the PLP has taken a balanced approach to Bermuda’s finances, successfully implementing Bermuda’s Economic Recovery plan, which has led to a significant drop in unemployment. This record has been applauded by international ratings agencies who have no political axe to grind.
The Bermudian public has not forgotten the disaster and discord that the last OBA government brought this island. Voters remember the constant tax increases, continuous unrest, the failed Morgan’s Point project that cost taxpayers more than $200 million, and the privatization of our airport, which is costing taxpayers today.
Mr. DeCouto can cherrypick all the statistics he wants, but the fact is our economy is growing, jobs are increasing, inflation is falling, and we are moving in the right direction after COVID-19. This PLP Government will continue to have a balanced approach to Bermuda’s economic affairs while ensuring that we increase social protections for the vulnerable in our society.
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