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Statement from the Opposition Leader on the Resignation of the Finance Minister

By February 14, 2022No Comments

“There is more to this resignation than meets the eye.  For Finance Minister Curtis Dickinson to resign in the midst of the Budget Season, with less than a week before Bermuda is to hear the 2022-23 national budget is more than alarming.   

In my eyes, this is a leadership matter, which was not addressed.  You’ll recall that just last month, Dr. Carika Weldon, Chief Advisor & Laboratory Director of MDL also resigned as a result of negligence from the Burt administration. When individuals of this calibre resign their posts in mid-flight, it presents serious indictments regarding the Burt administration.  

Minister Dickinson is a consummate investment manager and capital markets professional.  He steered Bermuda’s budget with a steady hand and brought fiscal discipline to Bermuda’s government finances.  He was not afraid to access and take on large challenges like the reduction of Bermuda’s $1.75 billion in unfunded pension liability and the $357million dollars in Accounts Receivables and fees with the help of Ernst and Young and the McKinsey Group.  This was a bold move that historically went unaddressed by successive PLP governments. His resignation is truly Bermuda’s loss and Premier David Burt owes the public a solid explanation.  On a personal note, and as Curtis Dickinson’s shadow, his resignation is painful.  While we did not agree on everything, we worked well together, to push Bermudas’s financial legislation through the House with ease and in a dignified manner.

One wonders whether this resignation is tied to the Fairmont Southampton Princess negotiations, or because Bermuda finds herself yet again on the EU’s Code of Conduct Group’s Grey List on matters of Tax Fraud avoidance and money-laundering, or is it because the Premier is very interested in taking over the Ministry of Finance portfolio yet again?

The Opposition, like the rest of Bermuda, stands poised with keen interest to see who Premier Burt appoints as┬áCurtis Dickinson’s┬áreplacement with less than a week before the National Budget is read.”