Wednesday, April 24, 2024

Herbert: Recession likely

Date:

Share post:

THE ECONOMY CANNOT SURVIVE the Budget delivered by Minister of Finance Chris Sinckler.

All it will do, says chairman of the Barbados Private Sector Association (BPSA), Charles Herbert, is push the island into a recession.

Herbert issued that stark warning yesterday as he slammed the revenue-generating measures outlined in the Financial Statement And Budgetary Propsoals, dubbing them “pain with no gain”.

He opened discussion during the post-Budget breakfast discussion hosted by the Barbados Chamber of Commerce & Industry and PricewaterhouseCoopers at the Hilton Barbados, which, ironically, will be divested, according to Sinckler. (WILLCOMM)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

Previous article
Next article

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Port of Spain General Hospital NICU baby death toll jumps to 18

Port of Spain - Two weeks after the North West Regional Health Authority (NWRHA) announced that seven babies...

Sir David’s defence

Sir David Simmons, chairman of the Law Reform Commission, took on critics of the contentious Cybercrime Bill on...

Prescod: Don’t pay Drax a cent

Government would be wrong to pay the controversial Drax family $8 million to acquire the St George estate’s...

Fashion designer Nancy Gonzalez jailed for smuggling crocodile handbags into US

A celebrity handbag designer whose products have been used by Britney Spears and on Sex And The City...