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Hello and welcome to an episode 
of The Full Point. 

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This is where we tend to sit 
down with someone to have a more

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in depth, kind of get to know 
you conversation. 

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And today I'm delighted to be 
joined by Jason Hayward, the 

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Minister of Labour and Economy. 
But more importantly, I, at 

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least for me for the purposes of
this episode, someone who's 

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declared himself as a candidate 
for the leadership of the 

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Progressive Labour Party and 
therefore, by extension, the 

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Premier of Bermuda. 
Minister, welcome. 

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Jeremy, thanks. 
Just one quick apology in 

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advance. 
It's I'm having to do this in my

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kitchen and it's quite possible 
that a 20 year old, very bleary 

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eyed son, if he actually gets, 
might appear behind me 

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desperately searching for the 
coffee. 

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So apologies if that happens. 
Maybe I'll get him to ask you a 

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question. 
He's studying politics and 

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history of the Americas, so it 
might be interesting to see what

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he has to say. 
Definitely. 

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Let's, let's get straight to the
point. 

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Why? 
Why do you want to be leader of 

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the PLP and as I said, by 
extension, the premier of the 

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country? 
And so I done an assessment as 

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it pertains to the work that is 
required to move the country 

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forward, and I've determined 
that I'm capable and willing to 

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do that job. 
But that decision wasn't made 

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independently. 
What I would have done was speak

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with a number of my colleagues, 
receive their feedback on the 

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qualities that they would like 
to see in a leader, as bad as 

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whether or not they believed I 
possessed those qualities. 

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And the feedback was 
overwhelmingly positive. 

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And so based off of me doing an 
assessment of my capabilities, 

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what I know is required to move 
the country forward, as bad as 

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the reassurance for my 
colleagues, I believe that that 

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gave me the boost to move 
forward with putting my name 

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forward as a candidate. 
So is this, is this ego, is it 

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ambition, or is it a genuine 
kind of desire to lead the 

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country of your birth? 
I think it is a willingness to 

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ensure that Bermuda has the best
leadership and the best 

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representation moving forward 
and ensuring that we continue to

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do back on behalf of the people.
And so it's driven by a need to 

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ensure that we progress Bermuda 
on behalf of the people of 

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Bermuda. 
And what those people you 

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canvassed, what capabilities 
were they looking for in you? 

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And So what they appreciate most
about me over the last few years

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is my work ethic. 
They know that I'm also 

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authentic. 
They understand that I have a 

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ability to execute in meetings. 
They can clearly see that I'm a 

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strategic thinker, I'm a problem
solver. 

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And so those are these type of 
skill sets in which they admire.

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They want somebody that can get 
things done, and they know that 

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I'm capable of getting things 
done, but not just getting 

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things done in a really needy 
manner. 

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One that does a reasonable 
assessment of what is required 

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and then successfully executes. 
Are you nervous about actually 

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winning? 
No, not being leader. 

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There must be a certain little 
bit of doubt in the back of your

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mind. 
It's a serious responsibility, 

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but I'm very much prepared to 
take one. 

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That responsibility, 
Nervousness, I wouldn't say that

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I'm, I'm nervous. 
I would say that when I look at 

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my journey and my my trajectory,
it has led me to this particular

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point. 
So I'm very much prepared to 

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take one the opportunity that 
presents itself. 

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Was I dreaming or did you once 
say relatively recently, maybe 

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12 to 18 months ago, that you 
were not interested in the top 

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job? 
I think it was a point in a 

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period of time where I was 
determined in battle and not I 

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remain in politics in the long 
term. 

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It is a very stressful and toxic
environment and you go through 

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peaks and valleys. 
But with the support of my 

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colleagues and me also knowing 
what I believe to be best in the

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best interest of Bermuda moving 
forward with this particular 

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journey. 
Well, I had had two of my 

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colleagues at one point in time 
that I wasn't going to run for 

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another term. 
And I went home and I couldn't 

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sleep for three, three nights. 
And the challenge was that it 

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didn't sit well with my own 
personal constitution. 

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Notwithstanding, I know that it 
it is a very demanding job. 

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The cool part of me says that 
this is the job that you are 

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designed to do. 
Were you a bit taken aback when 

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Zane de Silva was quick out of 
the blocks on on this podcast 

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last year to declare that he was
going for the leadership? 

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Not necessarily taken aback. 
It is a democratic process and 

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so anybody can put their name 
forward as leader. 

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What I was more pleased about is
sitting down this day and having

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a one-on-one conversation as to 
how we move forward collectively

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and getting the support. 
And so that should a level of 

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maturity, but it also should a 
level of trust in my ability as 

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well. 
And I'm pleased that we've been 

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able to, we've been able to work
together now rather than, you 

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know, create an environment of 
adversarial or adversity. 

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So it's interesting you, you 
obviously before you came out 

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and declared your leadership 
candidacy, you sat down with 

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Zain and, and you if you like, 
you work it out a deal. 

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You worked out that this would 
be the ticket going forward, you

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and Zain running for deputy. 
So I don't believe that it's 

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necessarily correct. 
I don't believe that Zain has 

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declared that he is going to 
continue to run for deputy. 

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So it's it's no ticket. 
What happened is we had a 

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conversation rather than about 
his endorsement for my 

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leadership, but he also has some
reasons that factored into his 

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decision. 
But you are running together. 

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He is. 
I thought he was running for 

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deputy. 
I thought, when was it? 

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I can't remember when he both 
announced it earlier this year. 

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Is that wrong? 
He's not running for deputy. 

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At this point, he hasn't made it
clear that he will run for 

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deputy. 
Oh, OK, I thought he had. 

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OK, well, I'll go back and ask 
him, see if he'll come on the 

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show again. 
Let us know. 

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There's always, there always 
seems to be 1 shadow, I suppose 

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when when a leader, when a 
leader declares. 

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And I suppose in this instance 
is Curtis Dickinson. 

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He's tried once. 
Would you expect him, would you 

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welcome him to challenge Curtis?
Obviously being a former finance

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minister and still PLPMP. 
Anyone's free to challenge and 

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so I want to sit down and and 
with a sense of arrogance and 

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say I welcome everybody to 
challenge. 

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But certainly it's a democratic 
process and anybody can put 

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their name forward as leader of 
the party right now if it's a 

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unique circumstance because you 
don't have an incumbent 

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remaining. 
And so the Premier has indicated

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that he will not run moving 
forward, and as a result, he's 

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opened it up for anybody in the 
party to put their name forward 

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and is actually welcomed. 
But what we want to do is ensure

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that this process is not used to
turn on the party and create 

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great levels of division, but 
that we can move forward in a 

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unified manner. 
And I respect the visions of the

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delegates. 
And so if they determine that 

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I'm not the individual for the 
job, I'm still very much 

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committed to the party. 
And I expect anybody else who 

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puts their name forward, if not 
if they're not successful, to be

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committed to the advancement of 
the aims and objectives of the 

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party. 
Do you think you you talked 

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earlier about the stresses 
involved of being a politician 

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or minister and he mentioned 
that you were not going to seek 

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another term If you are not 
successful, is that the end of 

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your political career? 
Definitely not. 

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I'm Stanley, got a lot of energy
left in me and I've already 

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made-up my mind that I'll 
continue to serve the people of 

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Bermuda in whatever capacity 
that I'm required to. 

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Where, where are you on the 
political spectrum? 

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I mean, I'm going to say this 
and obviously you'll correct me 

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as a Union Leader, generous, 
generally seen as being quite 

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left wing, were you that are you
now very left wing, are you left

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of centre or are you going to be
more of a political pragmatist? 

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No, I think that my core is sent
to laugh. 

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I wouldn't consider myself a 
pure leftist, but I do support 

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the principles of social 
democracy. 

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I do support social justice. 
I do support freedom. 

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I do support collectivism. 
I recognise that we need a 

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strong economy and the market 
has to function effectively in 

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order for us to provide the 
social protection status 

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required for the development of 
the rest of society. 

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Are you prepared to be a bit of 
a pragmatist there? 

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Because I'd imagine as the 
leader of the country you have 

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to be. 
Sometimes you put aside your 

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political beliefs. 
I think that you have to be 

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flexible when you do it. 
The world is evolving. 

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The you can't remain in a static
position. 

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You have to ensure that you have
the ability to assess a 

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situation and move forward with 
what is in the best interest 

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based off of that period of time
and based off the knowledge that

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you do actually have. 
And I think that is a strong 

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part of my ability. 
You will see that I started out 

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as the Minister of Labour but 
then evolved into the Minister 

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of Economy and Labour. 
And having that portfolio, you 

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understand that you want to have
strong levels of economic growth

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and business development, but 
you also want to have an 

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inclusive economy where the 
people of Bermuda actually 

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benefit from that. 
And there are trade-offs that 

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you have to make as a pertains 
to ensuring that you progress 

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and advance business interests 
while still serving the people 

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of Bermuda. 
Those those trade-offs are quite

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interesting, aren't they? 
I mean, being a former union 

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man, the leader of the BPSU, if 
you come up against the unions, 

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are you going to stand up to 
them? 

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I don't think if that's a trade 
off that's needed. 

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I think that you create an 
environment that doesn't exist. 

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What we want to do is progress 
harmonious industrial relations.

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I'm not directly involved with 
employee matters that will have 

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direct interventions with the 
union. 

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I actually involve the union in 
tripartite conversations on a 

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ongoing basis. 
Rather it be the labor Advisory 

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Council, rather it be the 
workforce Development Board, 

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rather they sit on the 
immigration board. 

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And so I value the contributions
of the labor movement and as a 

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result I involve them in the 
decision making process. 

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There will be items that we may 
disagree on, but it's how we 

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solve those disagreements. 
We've had, I guess, 1 

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disagreement in my entire 6th 
year as a, as a minister, but 

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we've had our ability to work 
together thereafter. 

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And so you, you, you have to be 
in a position where you get to 

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understand and appreciate the 
differences of opinion which 

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exist in society and understand 
what is the basis of that 

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decision. 
In fact, that into the funded 

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decision as pertains to how we 
move. 

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Forward will you have red lines 
though the line in the sand if 

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you're premier? 
I don't know what issues force 

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you to create a line in the 
sand. 

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And so you have barometer 
checks. 

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So it's not just me as premier. 
You have a party caucus, you 

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have a central committee, you 
have cabinet, all which involve 

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democratic processes. 
And if you make a decision and 

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they go through those democratic
processes, then most times 

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you'll come to the assessment 
that that decision is a sound 

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decision. 
So it'll be a lot of consensus 

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that you'll take the consensus 
of the party and the caucus. 

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I think that's what takes place 
now for the most part. 

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David Burke actually has said 
that a lot when I've interviewed

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him before. 
Yeah. 

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And you'll continue that kind of
style, will you? 

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Yeah, most definitely. 
I believe in collectivism, I 

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believe in inclusive leadership 
and so I'm not sitting up and 

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and trying to be the smartest 
man in the room at all times. 

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You have to utilise the skill 
sets and the value of the 

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individuals that are around you.
I agree. 

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Sometimes leadership is 
involving people around you, 

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isn't it? 
Yeah, most definitely. 

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So, so given that is, can we 
expect, could we expect anything

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to be meaningfully different 
about a Jason Heywood 

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premiership from the current 
administration? 

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And I'm not asking you to 
criticize a current 

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administration, you won't do 
that. 

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But anything you might like to 
modify? 

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Most definitely from my 
standpoint, I have a greater 

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need to develop social and 
economic policy that benefit the

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people of Bermuda. 
And so we would have definitely 

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00:13:55,640 --> 00:13:57,280
have a social development 
strategy. 

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00:13:57,840 --> 00:14:01,560
So much issues that we're facing
in society is as a result of 

231
00:14:03,160 --> 00:14:06,560
kind of social issues that are 
permeated rather it be in 

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healthcare rather it be in 
education rather it be 

233
00:14:09,240 --> 00:14:13,080
associated with all of them. 
We want to ensure that we have 

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00:14:13,400 --> 00:14:17,920
education system that is high 
quality and that is benefiting 

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our youth. 
We want to ensure that we have 

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accessible and affordable 
healthcare and accessible and 

237
00:14:24,000 --> 00:14:27,760
affordable housing, but then we 
also want to ensure that we 

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empower persons so that they can
take advantage of the 

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00:14:31,800 --> 00:14:35,200
opportunities that exist in our 
society as well and where there 

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00:14:35,200 --> 00:14:38,200
are gaps, to ensure that we have
those necessary social 

241
00:14:38,200 --> 00:14:41,320
interventions, and I think that 
is fundamentally important. 

242
00:14:42,360 --> 00:14:44,560
I mean, with respect, those are 
the kind of mantras that we've 

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00:14:44,560 --> 00:14:48,520
been hearing for quite a long 
time now from the PLP and the 

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00:14:48,520 --> 00:14:52,440
PLP government and education in 
particular doesn't really seem 

245
00:14:52,440 --> 00:14:55,280
to get any better. 
Anyway, that's that's just a 

246
00:14:55,280 --> 00:14:58,320
comment. 
Yeah, but you you should access.

247
00:14:59,160 --> 00:15:03,720
You should expect that any 
leader of the party has those 

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00:15:03,720 --> 00:15:05,560
core values. 
True. 

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00:15:06,440 --> 00:15:11,480
Yes, Fairpoint, Fairpoint, the, 
the, one of the drawbacks of 

250
00:15:11,720 --> 00:15:15,920
having the Internet and things 
like that is your background. 

251
00:15:16,160 --> 00:15:18,320
The things you've said in the 
past never really go away. 

252
00:15:18,800 --> 00:15:20,880
And there are a couple of things
I want to ask. 

253
00:15:21,040 --> 00:15:25,040
And this is going back actually 
10 years now when you were in 

254
00:15:25,040 --> 00:15:28,080
the BPSU leader and it was you 
wrote a column. 

255
00:15:28,440 --> 00:15:31,800
I just want to quote a little 
bit from it through my own 

256
00:15:31,800 --> 00:15:35,000
personal lens. 
Party politics in Bermuda has 

257
00:15:35,000 --> 00:15:38,720
primarily been centred on race, 
with the majority of residents 

258
00:15:38,720 --> 00:15:42,360
voting seemingly along racial 
lines rather than a party's 

259
00:15:42,360 --> 00:15:46,160
political ideology. 
As a result, we have people who 

260
00:15:46,160 --> 00:15:50,840
vote PLP or Oba, even though the
party's political ideology is 

261
00:15:50,840 --> 00:15:52,560
fundamentally different from 
theirs. 

262
00:15:52,840 --> 00:15:55,640
For example, there are whites in
Bermuda who support socialist 

263
00:15:55,640 --> 00:15:59,320
policies about Oba, and despite 
being capitalist, there are 

264
00:15:59,320 --> 00:16:03,920
blacks who vote PLP. 
Has that changed or how would 

265
00:16:03,920 --> 00:16:06,720
you change it? 
How would you be more inclusive?

266
00:16:07,400 --> 00:16:13,440
So it hasn't changed as it 
pertains to the trends of 

267
00:16:13,680 --> 00:16:18,000
voting. 
I believe that the PLP is viewed

268
00:16:18,000 --> 00:16:23,320
as a black party and Oba is 
viewed as the party for anybody 

269
00:16:23,320 --> 00:16:25,920
else that does not support the 
Progressive Labour Party. 

270
00:16:26,560 --> 00:16:31,280
But I would say that in order 
for us to progress as a society,

271
00:16:31,360 --> 00:16:35,360
we need to ensure that the 
policy positions that we put 

272
00:16:35,360 --> 00:16:37,840
forward benefit all. 
And I think that's what we've 

273
00:16:37,840 --> 00:16:41,920
been clear on. 
The party is an inclusive party 

274
00:16:42,360 --> 00:16:49,560
and what you want to see, you 
want to see greater diversity in

275
00:16:49,600 --> 00:16:53,400
ideas and do it. 
That's how we actually progress 

276
00:16:53,400 --> 00:16:55,760
society. 
And so if you looked at the 

277
00:16:55,760 --> 00:17:00,840
outreach that I've done from the
billions of the Minister of 

278
00:17:00,840 --> 00:17:05,400
Economy and Labour, I've 
consulted with all of Bermuda, I

279
00:17:05,400 --> 00:17:08,920
engage with all of Bermuda. 
Nobody's excluded from policy 

280
00:17:08,920 --> 00:17:12,440
development, nobody is excluded 
from providing feedback and 

281
00:17:12,440 --> 00:17:15,599
their ideas. 
And I actually value their, the 

282
00:17:15,599 --> 00:17:19,119
entire Bermuda's opinions 
because that's how we get to 

283
00:17:19,359 --> 00:17:27,480
more grounded policies, policies
that serve the best interests of

284
00:17:27,480 --> 00:17:31,240
the country. 
Can you under your premiership, 

285
00:17:31,240 --> 00:17:33,680
will you see more white people? 
Can you encourage more white 

286
00:17:33,680 --> 00:17:38,760
people to vote for the PLP? 
I think that in order for us to 

287
00:17:38,760 --> 00:17:44,920
continually win elections, we 
have to appeal to presidents 

288
00:17:44,920 --> 00:17:48,280
beyond what's considered to be 
our traditional base. 

289
00:17:48,640 --> 00:17:52,560
And what you will find is that 
white presidents do vote for the

290
00:17:52,560 --> 00:17:54,080
Progressive Labour Party in 
Bermuda. 

291
00:17:55,480 --> 00:18:00,360
Do we want to ensure that we 
increase the participation in 

292
00:18:00,360 --> 00:18:01,760
elections? 
Yes. 

293
00:18:02,120 --> 00:18:06,680
Do we want to ensure that we 
build confidence outside of the 

294
00:18:06,680 --> 00:18:09,240
black community in Bermuda? 
Of course we do. 

295
00:18:09,600 --> 00:18:14,920
And so we must have policies in 
place that serve all of Bermuda.

296
00:18:17,080 --> 00:18:20,240
Again, going back to my comment,
it's easy to search what people 

297
00:18:20,240 --> 00:18:24,440
have said in the past and you 
once gave a speech in the House 

298
00:18:24,720 --> 00:18:27,960
where you said we need not ask 
anybody's assistance. 

299
00:18:28,400 --> 00:18:31,280
We have the capacity to deliver 
on behalf of our people and that

300
00:18:31,280 --> 00:18:34,680
is why we are here. 
That at the time was widely 

301
00:18:34,680 --> 00:18:40,360
interpreted to say we don't need
anybody's help, we don't need 

302
00:18:40,360 --> 00:18:42,520
the white person's help, we 
don't need the OB as help. 

303
00:18:42,520 --> 00:18:44,560
We're here and we can do it. 
And I think he was slightly 

304
00:18:44,560 --> 00:18:47,040
rebuked by the Premier at the 
time. 

305
00:18:47,440 --> 00:18:50,280
Do you regret saying that now? 
Absolutely not. 

306
00:18:50,960 --> 00:18:53,480
Tell me why. 
That was in the context of me 

307
00:18:53,480 --> 00:18:56,640
knocking on the door and 
somebody putting their setting 

308
00:18:56,640 --> 00:18:59,800
their doorbell. 
And that's when I, Diane said 

309
00:18:59,800 --> 00:19:02,680
that I'm not interested in 
someone's vote who want to put 

310
00:19:02,680 --> 00:19:06,160
the dog out on me. 
And then it it actually. 

311
00:19:06,360 --> 00:19:09,960
That's why you were canvassing. 
Yeah, said continues. 

312
00:19:10,240 --> 00:19:14,080
Where because you are 
representative, persons feel as 

313
00:19:14,080 --> 00:19:18,400
though you have to do exactly 
what they say. 

314
00:19:18,760 --> 00:19:24,640
And you know what? 
As a leader, you are elected to 

315
00:19:24,640 --> 00:19:28,520
lead as well. 
And so you formulate your 

316
00:19:28,520 --> 00:19:33,200
policies based off of the data 
that you have, the inputs that 

317
00:19:33,200 --> 00:19:35,880
you actually have. 
You have a son team and you can 

318
00:19:35,880 --> 00:19:38,920
utilize their team. 
It's always this call for 

319
00:19:39,600 --> 00:19:42,920
bipartisan contributions to be 
made. 

320
00:19:43,440 --> 00:19:45,880
But when you reach out to the 
other side and ask for their 

321
00:19:45,880 --> 00:19:48,920
assistance, it's wanton. 
It's few and far in between. 

322
00:19:48,920 --> 00:19:53,240
And so we have to say we'll 
prepare to do, to learn, we're 

323
00:19:53,240 --> 00:19:56,440
prepared to execute on our 
agenda because we know this in 

324
00:19:56,440 --> 00:19:58,240
the best interests of the people
of Bermuda. 

325
00:19:58,800 --> 00:20:06,520
Often times we send out these 
olive branches even after the 

326
00:20:06,520 --> 00:20:10,920
worst events, even after people 
say the most vile beings, we 

327
00:20:10,920 --> 00:20:13,360
turn back around, we offer olive
branches. 

328
00:20:13,720 --> 00:20:19,040
And when you heard people talk, 
they always talk about how we 

329
00:20:19,040 --> 00:20:21,800
can collectively work together. 
But in practice that doesn't 

330
00:20:21,800 --> 00:20:25,080
take place. 
And so why stress ourselves? 

331
00:20:25,080 --> 00:20:29,000
We've tried to involve people in
a in a process who never have 

332
00:20:29,000 --> 00:20:32,200
your best interests at heart. 
Yeah, it's very true. 

333
00:20:32,200 --> 00:20:34,880
A lot of it is politicking or 
politicking, isn't it? 

334
00:20:35,600 --> 00:20:37,800
And. 
And you see that and it, it 

335
00:20:37,800 --> 00:20:40,160
works both ways as well. 
Of course, when somebody else is

336
00:20:40,160 --> 00:20:41,560
in power, they'll do the same 
thing. 

337
00:20:41,560 --> 00:20:43,640
But yeah, I hear what you're 
saying. 

338
00:20:43,920 --> 00:20:46,760
The the other thing, of course, 
and I the these things 

339
00:20:47,120 --> 00:20:52,320
potentially can live with you 
and create impressions of you 

340
00:20:52,320 --> 00:20:57,760
that might not be fair or true. 
But how does the Union Thug 

341
00:20:57,760 --> 00:20:59,600
T-shirt? 
How's that going to play out? 

342
00:20:59,600 --> 00:21:03,280
I know it was irony, I get it, 
but there's so many people won't

343
00:21:03,280 --> 00:21:07,720
see that. 
You are going back a decade to a

344
00:21:07,720 --> 00:21:09,760
T-shirt. 
Yeah, but these things will come

345
00:21:09,760 --> 00:21:11,000
back. 
These are kind of things that 

346
00:21:11,000 --> 00:21:14,200
will be used against you. 
You know the Oba will see you in

347
00:21:14,200 --> 00:21:16,000
the house and they'll bring 
these things up. 

348
00:21:16,760 --> 00:21:20,080
Those things have been used 
against me my entire in Korea 

349
00:21:20,400 --> 00:21:23,720
and notwithstanding that, I've 
demonstrated my ability to 

350
00:21:23,840 --> 00:21:26,000
execute. 
And so I've been the Minister of

351
00:21:26,000 --> 00:21:27,800
the Economy and Labour for six 
years now. 

352
00:21:28,120 --> 00:21:31,120
And if you look at my 
accomplishments, there's 

353
00:21:31,120 --> 00:21:34,840
something I'm very proud of. 
It's my track racket, my ability

354
00:21:34,840 --> 00:21:37,080
to execute. 
And every year the Ministry of 

355
00:21:37,080 --> 00:21:40,640
Economy and Labour has put out 
under your documents speaking 

356
00:21:40,640 --> 00:21:43,400
about all the accomplishments 
that we're able to achieve on 

357
00:21:43,400 --> 00:21:48,600
behalf of the people of Bermuda.
And so if one wants to hop on AT

358
00:21:48,600 --> 00:21:53,960
shirt that I wore that I got at 
a Canadian training school 

359
00:21:54,480 --> 00:21:57,080
because I didn't get the 
teaching T-shirt made. 

360
00:21:57,080 --> 00:22:00,800
It was given to me when I went 
to a Canadian trade union summer

361
00:22:00,800 --> 00:22:03,560
school. 
And the women in the summer 

362
00:22:03,560 --> 00:22:06,920
school had on a pink union dog 
T-shirt and the man in the 

363
00:22:06,920 --> 00:22:09,120
summer school had on a black 
union dog T-shirt. 

364
00:22:09,440 --> 00:22:12,960
And we all wore our union dog 
T-shirts to class. 

365
00:22:13,400 --> 00:22:19,680
And so I am unapologetic about 
telling people that I represent 

366
00:22:19,680 --> 00:22:22,960
the union and if I am going to 
be a dog, I'm going to be a dog 

367
00:22:22,960 --> 00:22:25,640
on behalf of the people of 
Bermuda and ensuring that I 

368
00:22:25,640 --> 00:22:27,360
progress the rights of the 
people of Bermuda. 

369
00:22:27,680 --> 00:22:31,000
And so it's not because I was 
fighting for any nefarious 

370
00:22:31,000 --> 00:22:33,640
'cause I was fighting to advance
the rights of people. 

371
00:22:33,640 --> 00:22:38,040
And I'll continue to fight to 
advance the rights of people in 

372
00:22:38,040 --> 00:22:41,880
my role as the Minister of 
Economy and Labour and as well 

373
00:22:41,880 --> 00:22:45,400
as if I move forward to become 
the leader of the progressive 

374
00:22:45,400 --> 00:22:49,080
Lip boy. 
I mean, I saw it as being 

375
00:22:49,080 --> 00:22:53,840
incredibly ironic, that T-shirt,
but I, I don't know if any, any,

376
00:22:53,840 --> 00:22:58,040
how many other people saw that. 
Easy question. 

377
00:22:58,400 --> 00:23:01,280
So you become leader of the PLP 
in October. 

378
00:23:01,280 --> 00:23:05,560
You take on the role as premier.
Your first 12 months of premier,

379
00:23:05,560 --> 00:23:09,520
what kind of measurable targets 
would you publish? 

380
00:23:09,600 --> 00:23:13,360
What kind of metrics, if you 
like, would you look to succeed 

381
00:23:13,360 --> 00:23:16,600
at? 
And so when you take over the 

382
00:23:16,600 --> 00:23:20,960
leader of political party, the 
first thing you want to do is 

383
00:23:20,960 --> 00:23:27,960
ensure that you have good 
governance structures in place 

384
00:23:28,280 --> 00:23:32,320
and those are the things that 
lead to sustainable 

385
00:23:32,320 --> 00:23:34,600
organization. 
And then you do a full 

386
00:23:34,600 --> 00:23:40,080
assessment of what are the aims,
the objectives and the mission 

387
00:23:40,080 --> 00:23:42,480
and ensuring that we have a 
strategic plan that allows us to

388
00:23:42,480 --> 00:23:46,680
achieve those things. 
But when we look from a country 

389
00:23:46,680 --> 00:23:51,360
standpoint, we do have a 
election manifesto that we ran 

390
00:23:51,360 --> 00:23:53,320
on and promised the people a 
permuted that we were going to 

391
00:23:53,320 --> 00:23:56,240
execute on. 
And part of the responsibility 

392
00:23:56,240 --> 00:24:00,160
will be ensuring that we close 
out all of those items that we 

393
00:24:00,160 --> 00:24:02,760
saw to advance in the last 
election. 

394
00:24:03,440 --> 00:24:07,080
And where there are gaps, ensure
that we fill those gaps. 

395
00:24:07,360 --> 00:24:09,840
But then also talk about how 
we're going to be 

396
00:24:10,840 --> 00:24:14,040
transformational. 
I don't expect to be a status 

397
00:24:14,040 --> 00:24:16,680
quo leader. 
I will be focused on change. 

398
00:24:16,720 --> 00:24:21,400
I will be focused on ensuring 
that we have a new economy 

399
00:24:21,400 --> 00:24:24,760
strategy, as the current 
economic development strategy 

400
00:24:24,800 --> 00:24:28,720
will expire in 202027. 
We want to ensure that we have a

401
00:24:28,720 --> 00:24:32,800
new economy strategy that would 
lead us forward for the next 

402
00:24:32,800 --> 00:24:36,600
five years or so. 
We want to ensure that we battle

403
00:24:36,600 --> 00:24:39,720
support small and medium sized 
enterprises in Bermuda. 

404
00:24:40,080 --> 00:24:46,360
We want to ensure that we 
address some of the challenges 

405
00:24:46,480 --> 00:24:49,400
that we are having with our 
education system. 

406
00:24:49,920 --> 00:24:54,120
We want to advance healthcare 
reform in a meaningful way and 

407
00:24:54,120 --> 00:24:58,600
we need to ensure that we make 
meaningful progress on our 

408
00:24:58,600 --> 00:25:00,640
housing situation. 
Some very critical. 

409
00:25:00,640 --> 00:25:03,640
Issues, some extremely. 
Critical issues. 

410
00:25:03,960 --> 00:25:08,000
All and imagine top priorities 
for you and and the government. 

411
00:25:09,720 --> 00:25:12,960
David Bird as the premier 
primarily as has mentioned that 

412
00:25:12,960 --> 00:25:17,360
he intends to stay on as an MP. 
Would you be tempted to offer 

413
00:25:17,360 --> 00:25:19,800
him a seat in the Cabinet? 
Maybe as finance minister? 

414
00:25:20,520 --> 00:25:24,560
And that's certainly. 
Premature, but he has made every

415
00:25:24,560 --> 00:25:28,520
intention to sit on the 
backbench and so that's what he 

416
00:25:28,520 --> 00:25:32,520
has expressed that he would like
to sit on the backbench like. 

417
00:25:32,520 --> 00:25:36,160
He's worked extremely hard over 
the last nine years leading the 

418
00:25:36,160 --> 00:25:37,840
country. 
He's done an excellent job. 

419
00:25:38,080 --> 00:25:41,680
He's been an excellent steward 
of the country's finances. 

420
00:25:41,680 --> 00:25:45,400
He's put us in excellent fiscal 
position. 

421
00:25:45,560 --> 00:25:50,920
We now have the fiscal capacity 
to do a number of things that we

422
00:25:50,920 --> 00:25:53,680
couldn't do in the past when we 
were operating a prayers of 

423
00:25:54,080 --> 00:25:58,320
austerity. 
And so he's done a commandable 

424
00:25:58,320 --> 00:26:01,160
job and if he's determined that 
he wants to. 

425
00:26:03,520 --> 00:26:05,760
Conclude his contribution. 
In the cabinet and sit in the 

426
00:26:05,760 --> 00:26:09,360
backbench then that is welcomed.
You don't mind? 

427
00:26:09,360 --> 00:26:12,600
Having a former premier sitting 
over your shoulder, standing up 

428
00:26:12,600 --> 00:26:18,160
with the House of Assembly and 
maybe critiquing your work, No. 

429
00:26:18,160 --> 00:26:20,680
I don't mind having his. 
Expertise in the room at all? 

430
00:26:23,440 --> 00:26:27,600
Post October, if you're 
successful and you take up the 

431
00:26:27,600 --> 00:26:33,600
reins as the leader and premier,
will you be tempted to call an 

432
00:26:33,600 --> 00:26:37,560
election fairly soon afterwards?
Generally speaking, that is what

433
00:26:37,560 --> 00:26:40,760
happens, certainly in the UK 
where we have a similar system. 

434
00:26:40,760 --> 00:26:44,400
Obviously the new Premier Prime 
Minister wants to have their own

435
00:26:44,400 --> 00:26:47,200
mandate. 
Do you foresee calling an early 

436
00:26:47,200 --> 00:26:50,520
election because he will still 
have three years come October? 

437
00:26:50,520 --> 00:26:53,200
Weren't you 2 1/2 years? 
Yeah, and. 

438
00:26:53,200 --> 00:26:56,520
So you do an assessment and call
an election man, it's the best 

439
00:26:56,520 --> 00:26:59,800
time to actually call one. 
I don't think that the 

440
00:26:59,800 --> 00:27:05,440
leadership change prompts 
election call. 

441
00:27:05,440 --> 00:27:09,920
And so we'll do an assessment as
to where we currently sit, how 

442
00:27:09,920 --> 00:27:14,600
we've executed on the items that
we've had in our manifesto and 

443
00:27:14,600 --> 00:27:16,920
then determined that would be 
the appropriate time to call an 

444
00:27:16,920 --> 00:27:20,560
election. 
OK, I. 

445
00:27:20,560 --> 00:27:22,200
Think that's all my questions on
leadership. 

446
00:27:22,200 --> 00:27:24,160
I probably missed a lot. 
There are a couple of other 

447
00:27:24,160 --> 00:27:26,560
things Minister Wiley here that 
I would love to talk to you 

448
00:27:26,560 --> 00:27:30,000
about. 
The first one is Iran and the 

449
00:27:30,000 --> 00:27:33,560
situation in the Persian Gulf. 
Obviously, the whole world 

450
00:27:33,560 --> 00:27:36,520
pretty much is going through a 
pretty huge economic shock. 

451
00:27:37,600 --> 00:27:40,160
The consequences are seeing now,
but they could last for quite a 

452
00:27:40,160 --> 00:27:43,000
lot longer. 
They're talking about repairs to

453
00:27:43,000 --> 00:27:46,520
gas pipelines, liquid natural 
gas pipelines, etcetera, taking 

454
00:27:46,520 --> 00:27:50,680
years to fix until all this can 
start flowing again. 

455
00:27:51,920 --> 00:27:56,280
I as Minister of Economy, are 
you seeing it having an impact? 

456
00:27:56,520 --> 00:27:58,880
If not, do you expect it to have
an impact? 

457
00:27:58,880 --> 00:28:02,320
And if so, and watch which way? 
Most definitely. 

458
00:28:02,320 --> 00:28:09,920
It will have an impact. 
Geopolitics impacts the world 

459
00:28:10,000 --> 00:28:13,400
and Bermuda is not immune from 
the shocks that will take place 

460
00:28:13,400 --> 00:28:16,560
in the rest of the world, even 
when we start to talk about 

461
00:28:17,200 --> 00:28:19,960
relationships. 
But there will be a number of 

462
00:28:19,960 --> 00:28:22,200
impacts. 
There will be an economic impact

463
00:28:22,440 --> 00:28:26,640
because it's driving up the cost
of fuel. 

464
00:28:27,080 --> 00:28:31,000
And so from air transport 
standpoint it would have an 

465
00:28:31,000 --> 00:28:35,200
impact from the cost of fuel for
our cars. 

466
00:28:35,200 --> 00:28:38,200
From shipping point standpoint 
it would have an impact. 

467
00:28:38,480 --> 00:28:42,040
And so we should expect 
Bermuda's inflation rate to 

468
00:28:42,040 --> 00:28:46,680
actually progress. 
There are a number of caps that 

469
00:28:46,680 --> 00:28:49,880
we can put in place from a tax 
perspective to try to buffer as 

470
00:28:49,880 --> 00:28:52,320
fast as we possibly can. 
But we're not going to be able 

471
00:28:52,320 --> 00:28:55,840
to buffer airline tickets. 
We're not going to be able to 

472
00:28:56,760 --> 00:29:00,800
buffer the electricity cost at 
Bell Group because we've already

473
00:29:01,080 --> 00:29:05,840
reduced the taxes to as low as 
we can actually reduce the 

474
00:29:05,840 --> 00:29:08,320
taxes. 
We can't buffer shipping cost. 

475
00:29:08,640 --> 00:29:11,880
And so the cost of goods 
inputted into Bermuda will 

476
00:29:12,280 --> 00:29:19,160
increase and then products that 
are by product of oil would 

477
00:29:19,160 --> 00:29:21,960
actually increase as well as 
they will do. 

478
00:29:22,360 --> 00:29:25,520
Pharmaceuticals fertilize 
definitely and so. 

479
00:29:25,520 --> 00:29:29,840
Across the board, we expect to 
see price increases and Bermuda 

480
00:29:30,120 --> 00:29:33,680
already having one of the higher
cost of livings it is actually 

481
00:29:33,680 --> 00:29:37,680
concerned. 
But I would go ahead to stay 

482
00:29:37,680 --> 00:29:42,400
from a business standpoint in a 
world of uncertainty, Bermuda 

483
00:29:42,400 --> 00:29:44,680
can actually be a beacon of 
stability. 

484
00:29:45,000 --> 00:29:48,720
And so we can attract companies 
to come and operate in our 

485
00:29:48,720 --> 00:29:52,080
business ecosystem as a result 
of the stable environment that 

486
00:29:52,080 --> 00:29:54,600
we do here. 
On the flip side though. 

487
00:29:55,080 --> 00:30:00,440
We've seen this mentioned by 
quite a few insurers as CEOs is 

488
00:30:00,440 --> 00:30:05,680
the cost of living and you what 
everything you said is going to 

489
00:30:05,680 --> 00:30:08,800
put up the cost of living. 
There's very little, it sounds 

490
00:30:08,800 --> 00:30:10,840
like from what you're saying 
that the government can actually

491
00:30:10,840 --> 00:30:14,280
do, and this could become a real
problem. 

492
00:30:15,320 --> 00:30:16,720
So the. 
Cost of living has been a 

493
00:30:16,720 --> 00:30:20,440
challenge and that's why the 
Premier appointed the minister 

494
00:30:20,440 --> 00:30:24,120
responsible for the cost of 
living and looking at the cost 

495
00:30:24,120 --> 00:30:27,040
of living in a number of areas. 
We know it was a challenge 

496
00:30:27,040 --> 00:30:29,600
because when we done the 
immigration report and Acts 

497
00:30:29,840 --> 00:30:33,040
individuals why they were 
emigrating from Bermuda, they 

498
00:30:33,040 --> 00:30:36,400
indicated that the main drivers 
were the cost of living in 

499
00:30:36,400 --> 00:30:39,080
Bermuda. 
It's something that we need to 

500
00:30:39,120 --> 00:30:42,960
ensure that we get a handle on. 
The biggest input into the cost 

501
00:30:42,960 --> 00:30:45,160
of living obviously is the cost 
of housing. 

502
00:30:45,520 --> 00:30:50,760
And so if we are to expand the 
volume of public housing in 

503
00:30:50,760 --> 00:30:55,280
Bermuda, hopefully that creates 
some pressure in the market 

504
00:30:55,280 --> 00:30:59,920
where it can begin to draw down 
the prices of rent in Bermuda. 

505
00:31:00,320 --> 00:31:04,000
When we look at food, then we 
look at utilities, we look at 

506
00:31:04,000 --> 00:31:05,840
how we can provide targeted 
relief. 

507
00:31:06,200 --> 00:31:10,120
The government has done a good 
job as to cut in taxes on an 

508
00:31:10,120 --> 00:31:13,520
annual basis on the every 
citizen, everyday, everyday 

509
00:31:13,520 --> 00:31:16,040
citizen. 
And so we can increase the 

510
00:31:16,200 --> 00:31:20,240
partisan power that the citizens
actually have to spend in 

511
00:31:20,240 --> 00:31:22,280
Bermuda. 
But it will be a challenge, it 

512
00:31:22,280 --> 00:31:24,600
will be a ongoing challenge and 
it'll be something that we have 

513
00:31:24,600 --> 00:31:28,040
to collectively grapple with. 
But I do think from a business 

514
00:31:28,040 --> 00:31:33,400
standpoint, business ecosystem 
and the benefits of our business

515
00:31:33,400 --> 00:31:36,440
ecosystem all ranks the cost of 
doing business in Bermuda. 

516
00:31:36,440 --> 00:31:38,800
And that's why we see Bermuda 
continuingly attracting 

517
00:31:38,800 --> 00:31:43,280
businesses year after year. 
I, I spent three months in the 

518
00:31:43,280 --> 00:31:45,000
UK. 
I only been back a couple of 

519
00:31:45,000 --> 00:31:49,800
weeks and obviously I tuned it a
lot to what was happening in 

520
00:31:49,800 --> 00:31:51,760
politics there. 
And Keir Starmer, the British 

521
00:31:51,760 --> 00:31:55,480
Prime Minister and the 
Chancellor Exchequer, they were 

522
00:31:55,480 --> 00:31:59,200
continually kind of convening 
meetings with big business 

523
00:31:59,200 --> 00:32:03,960
leaders, with the banks, 
etcetera, to see how they could 

524
00:32:03,960 --> 00:32:07,360
ameliorate some of the effects 
of the Iran war. 

525
00:32:07,360 --> 00:32:10,760
Is that something you've done or
something you will be doing here

526
00:32:10,760 --> 00:32:12,800
as well? 
Most definitely. 

527
00:32:12,800 --> 00:32:17,640
Looking at where the PM points 
actually exist and then having 

528
00:32:17,640 --> 00:32:20,560
direct conversations as to how 
we can assist businesses. 

529
00:32:20,560 --> 00:32:23,320
And I think we already started 
that before we can reduce some 

530
00:32:23,320 --> 00:32:25,360
of the bureaucracy and reduce 
rare tape. 

531
00:32:25,760 --> 00:32:31,040
But part of ensuring that we 
have a song that's stable and 

532
00:32:31,040 --> 00:32:36,000
sustainable business ecosystem 
is reducing this cause 

533
00:32:36,080 --> 00:32:38,640
impediments within the business 
community. 

534
00:32:38,800 --> 00:32:40,960
The only way in which we're 
going to do that is work 

535
00:32:40,960 --> 00:32:44,200
collectively with industry to 
achieve those goals. 

536
00:32:44,680 --> 00:32:46,960
So what kind of meetings? 
Have you had so far or which 

537
00:32:46,960 --> 00:32:49,720
ones are you planning? 
I meet with CEOs. 

538
00:32:49,720 --> 00:32:55,080
On a ongoing basis, for example,
the Economic Development 

539
00:32:55,080 --> 00:32:58,640
Department has been charged with
meeting with the retail industry

540
00:32:58,640 --> 00:33:01,480
to determine how we can battle 
support the retail industry. 

541
00:33:01,720 --> 00:33:04,240
We meet with the Chamber of 
Commerce on a regular basis. 

542
00:33:04,240 --> 00:33:09,120
We meet with what they consider 
to be the alphabet soup filter 

543
00:33:09,360 --> 00:33:14,880
aber abic on a ongoing basis. 
I do know that the Ministry Stir

544
00:33:14,880 --> 00:33:19,680
of Housing meets with the 
construction industry as it 

545
00:33:19,680 --> 00:33:23,480
pertains to the imports 
associated with construction 

546
00:33:23,480 --> 00:33:27,840
course. 
And you see us prior to the 

547
00:33:27,840 --> 00:33:30,920
budget period meeting with 
industry to determine how we can

548
00:33:30,920 --> 00:33:33,920
actually reduce taxes. 
And that's partly why the 

549
00:33:33,920 --> 00:33:37,680
employer's portion of payroll 
tax has been reduced across the 

550
00:33:37,680 --> 00:33:40,240
board to battle support 
employers in Bermuda. 

551
00:33:41,600 --> 00:33:44,800
The the. 
War in Iran is yet another 

552
00:33:44,800 --> 00:33:47,880
reminder of the instability in 
the world at the moment. 

553
00:33:47,880 --> 00:33:52,440
Obviously Ukraine, COVID, 
President Trump lot would argue 

554
00:33:52,440 --> 00:33:54,520
he's unstable. 
I'm not asking you to comment on

555
00:33:54,520 --> 00:34:00,360
that Minister, I promise. 
Were we right to to push back 

556
00:34:00,440 --> 00:34:04,640
moves for renewables as was 
recently announced Renewable 

557
00:34:04,640 --> 00:34:08,679
energy sources, I think. 
That part of the economic 

558
00:34:08,679 --> 00:34:11,880
development strategy calls for 
progression in our blue and 

559
00:34:11,880 --> 00:34:15,280
green economy, which includes 
renewables. 

560
00:34:15,280 --> 00:34:17,840
But we have to be realistic 
about our targets as well. 

561
00:34:18,239 --> 00:34:21,080
And I think that is what it's 
actually been done, general 

562
00:34:21,080 --> 00:34:25,760
assessments of what is a 
realistic target to actually 

563
00:34:25,760 --> 00:34:30,440
achieve. 
But if the war has taught us one

564
00:34:30,440 --> 00:34:33,159
thing, it is that we need to do 
2 things. 

565
00:34:33,360 --> 00:34:37,360
Ensure that we do have a 
diversified economy and then 

566
00:34:37,360 --> 00:34:40,360
ensure that we have greater 
levels of economic 

567
00:34:40,360 --> 00:34:44,960
relationships. 
So for example, 70% of all our 

568
00:34:44,960 --> 00:34:47,040
goods import come from United 
States. 

569
00:34:47,440 --> 00:34:49,520
But if that relationship ever 
becomes. 

570
00:34:52,280 --> 00:34:54,840
Stressed I would. 
Say, you know, in a very polite 

571
00:34:54,840 --> 00:34:58,920
way, and it will create 
challenges for Bermuda. 

572
00:34:59,240 --> 00:35:04,240
And so part of my responsibility
now is to work with the National

573
00:35:04,240 --> 00:35:08,080
Economic Cooperation Committee. 
And what that committee seeks to

574
00:35:08,080 --> 00:35:12,040
do is engage in Economic 
Cooperation with different 

575
00:35:12,040 --> 00:35:14,600
territories and countries 
throughout the world so that we 

576
00:35:14,600 --> 00:35:18,600
can build greater levels of 
economic capacity as well as 

577
00:35:18,880 --> 00:35:22,080
forge more meaningful 
partnerships when the world's 

578
00:35:22,120 --> 00:35:24,480
get, I mean you. 
Talk about. 

579
00:35:24,480 --> 00:35:28,240
Diversifying the economy and 
that's been the Holy Grail ever 

580
00:35:28,240 --> 00:35:30,040
since. 
I've been in Bermuda 20 or 30 

581
00:35:30,040 --> 00:35:32,000
years now. 
But we seem to have gone the 

582
00:35:32,000 --> 00:35:36,440
other way a little bit in the 
sense that IB as a catch all 

583
00:35:36,440 --> 00:35:40,120
phrase is the biggest 
contributor now to GDP, isn't 

584
00:35:40,120 --> 00:35:41,760
it? 
And payroll tax. 

585
00:35:42,560 --> 00:35:45,200
So. 
Certainly international business

586
00:35:45,200 --> 00:35:47,560
is the biggest contributor to 
our economy. 

587
00:35:48,640 --> 00:35:52,360
Debt sector is roughly around 
29% of all economic activity in 

588
00:35:52,360 --> 00:35:54,600
Bermuda. 
But what we do see is 

589
00:35:54,600 --> 00:35:57,120
diversification within 
international business. 

590
00:35:57,720 --> 00:36:02,120
So we're international business 
started with like Cactus and 

591
00:36:02,120 --> 00:36:06,200
then traditional PNC and all C 
diversification as to the lines 

592
00:36:06,200 --> 00:36:08,200
of business and which 
international business actually 

593
00:36:08,200 --> 00:36:13,160
right as well as expansion of 
long term insurers. 

594
00:36:13,400 --> 00:36:16,760
We want to ensure that we build 
our capacity back and fund 

595
00:36:16,760 --> 00:36:19,120
administration. 
You know that we have been 

596
00:36:19,120 --> 00:36:26,480
working on fintech as well and 
expanding that level of business

597
00:36:26,480 --> 00:36:28,560
activity. 
But if you look at the economic 

598
00:36:28,560 --> 00:36:33,520
development strategy, if we will
put considerate efforts forward 

599
00:36:33,840 --> 00:36:37,480
to ensure that we diversify 
other areas of our economy. 

600
00:36:37,480 --> 00:36:40,400
And so we will be running on 
national entrepreneurship 

601
00:36:41,200 --> 00:36:46,400
strategy and that will. 
Provide us with clarity as. 

602
00:36:46,400 --> 00:36:49,320
To how we better support the 
development of small and medium 

603
00:36:49,320 --> 00:36:51,440
sized enterprises within 
Bermuda. 

604
00:36:51,840 --> 00:36:56,880
We will be moving forward with 
legislation to greater promote 

605
00:36:57,640 --> 00:37:01,680
cooperatives as well because we 
want to see more cooperatives 

606
00:37:01,840 --> 00:37:05,840
formed in Bermuda as an 
alternative to the current 

607
00:37:05,840 --> 00:37:08,560
business models that exist 
within our community. 

608
00:37:09,960 --> 00:37:13,000
We will be moving forward with 
our digital economy strategy, 

609
00:37:13,440 --> 00:37:19,480
ensuring that the we have 
greater use of technology in our

610
00:37:19,480 --> 00:37:23,560
economy, moving some of the 
technology from the fringes of 

611
00:37:23,560 --> 00:37:25,840
our society to more mainstream 
uses. 

612
00:37:26,240 --> 00:37:29,760
And that will speak to how we 
better enable and support the 

613
00:37:29,760 --> 00:37:34,160
private sector, how we transform
government services so there are

614
00:37:34,160 --> 00:37:38,600
more digitized and digital 
offerings of public services, 

615
00:37:38,600 --> 00:37:42,040
ensuring that we have the 
infrastructure for our society 

616
00:37:42,360 --> 00:37:45,760
in the future and ensuring that 
we continue to develop and 

617
00:37:45,760 --> 00:37:51,880
promote our human capabilities. 
For a number of years now, 

618
00:37:51,880 --> 00:37:55,200
Bermuda's really been courting 
the Middle East. 

619
00:37:56,080 --> 00:37:58,720
You've had a, you've got a 
Middle East consultant, you've 

620
00:37:58,720 --> 00:38:02,440
been over there several times, a
Premier, other other ministers 

621
00:38:02,440 --> 00:38:06,080
has had. 
But we've seen recently that 

622
00:38:06,120 --> 00:38:09,240
Saudi Arabia in particular has 
really been cutting back on 

623
00:38:09,240 --> 00:38:13,760
overseas investments. 
The Liv Golf tournament for 

624
00:38:13,760 --> 00:38:15,080
instance, they're not doing 
that. 

625
00:38:15,080 --> 00:38:19,840
Newcastle United, this massive 
glass building that they wanted 

626
00:38:19,840 --> 00:38:21,160
to build. 
Now it doesn't look like it's 

627
00:38:21,160 --> 00:38:24,560
going to be funding. 
How do you think the and? 

628
00:38:24,560 --> 00:38:27,000
The Iran war obviously is going 
to make it more difficult 

629
00:38:27,000 --> 00:38:29,280
because they're going to have to
invest in their own economy 

630
00:38:29,600 --> 00:38:30,960
because of the damage being 
done. 

631
00:38:32,120 --> 00:38:33,320
How? 
Is the Iran war? 

632
00:38:33,320 --> 00:38:36,880
Affected the Bermuda kind of 
Middle East courting if you like

633
00:38:37,120 --> 00:38:41,120
is it is it off now is it on off
relationship and so if you look.

634
00:38:41,120 --> 00:38:46,520
At the nation of nature of the 
relationship, it is capacity 

635
00:38:46,520 --> 00:38:48,520
building nature at this point in
time. 

636
00:38:48,840 --> 00:38:52,440
And so we are using that 
relationship and leveraging that

637
00:38:52,440 --> 00:38:57,000
partnership to build greater 
capacity for the delivery of 

638
00:38:57,000 --> 00:39:02,800
government services as well as 
capacity in our economy. 

639
00:39:03,520 --> 00:39:07,400
They have evolved digitally and 
we are on that particular 

640
00:39:07,400 --> 00:39:09,400
journey. 
And so there is expertise that 

641
00:39:09,400 --> 00:39:13,920
can be sure we have something as
pertains to our regulation of 

642
00:39:13,920 --> 00:39:17,960
financial services and they are 
seeking to build capacity as it 

643
00:39:17,960 --> 00:39:21,040
pertains to the regulation of 
their financial services. 

644
00:39:21,320 --> 00:39:28,480
And so they are a economy that 
has had the ability to be 

645
00:39:28,480 --> 00:39:32,200
extremely ambitious and close 
this execution and ambition 

646
00:39:32,200 --> 00:39:35,280
gaps. 
And I think we can learn from 

647
00:39:35,400 --> 00:39:39,760
the work that they've actually 
done as it pertains to ensuring 

648
00:39:39,760 --> 00:39:42,800
that we progress our society in 
a meaningful way. 

649
00:39:43,240 --> 00:39:47,120
And from a digital standpoint, 
there is a lot of capacity and 

650
00:39:47,120 --> 00:39:51,640
know how and institutional 
knowledge that they have that 

651
00:39:51,640 --> 00:39:55,080
they can help permuter with 
developing how we move forward 

652
00:39:55,560 --> 00:39:59,160
as well as also creating 
relationships with other 

653
00:40:00,720 --> 00:40:06,040
countries within the GCC. 
And that will be also important 

654
00:40:06,040 --> 00:40:09,040
as it pertains to us moving 
forward with greater levels of 

655
00:40:09,080 --> 00:40:12,800
Economic Cooperation. 
There is this drive for Economic

656
00:40:12,800 --> 00:40:15,680
Cooperation, of course, the 
entire what they consider to be 

657
00:40:15,680 --> 00:40:20,080
global S, which is the Middle 
East, Africa and South America 

658
00:40:20,360 --> 00:40:24,920
and ensuring that we continually
work together to. 

659
00:40:26,280 --> 00:40:29,040
Diversify how? 
We actually do business and 

660
00:40:29,040 --> 00:40:30,880
where we actually get our 
investments from. 

661
00:40:32,560 --> 00:40:35,640
It kind of leads. 
Me on quite nicely to the next 

662
00:40:35,680 --> 00:40:38,400
area I wanted to discuss and I'm
sure you're not surprised by 

663
00:40:38,400 --> 00:40:43,640
this is CARICOM are you a 
supporter personally of full 

664
00:40:43,640 --> 00:40:50,160
membership certainly that's. 
The story of us and So what I 

665
00:40:50,160 --> 00:40:55,400
would say, yes, we are have been
a member of the Caribbean family

666
00:40:55,640 --> 00:40:59,880
for years. 
We've never been detached from 

667
00:40:59,880 --> 00:41:04,400
the Caribbean. 
I believe what we have to have a

668
00:41:04,400 --> 00:41:09,360
meaningful conversation about 
and around is what is the 

669
00:41:09,840 --> 00:41:14,040
benefits of moving from 
associate membership to full 

670
00:41:14,040 --> 00:41:17,640
membership and what are the 
risks associated with that. 

671
00:41:17,800 --> 00:41:21,560
So as I heard people as well as 
risk and I'm not sure if there's

672
00:41:21,560 --> 00:41:25,840
risks are actually realistic or 
there's first, just because 

673
00:41:25,840 --> 00:41:28,480
there is a lack of knowledge. 
And where there is a lack of 

674
00:41:28,480 --> 00:41:30,560
knowledge, I think is believe 
it's the government's 

675
00:41:30,560 --> 00:41:33,800
responsibility to assist us with
closing those knowledge gaps. 

676
00:41:34,120 --> 00:41:37,120
And so ask some point in 
questions as it pertains to what

677
00:41:37,120 --> 00:41:40,080
does this mean for our economy? 
What does this mean from 

678
00:41:40,080 --> 00:41:43,760
immigration standpoint? 
What does this mean in terms of 

679
00:41:44,320 --> 00:41:47,600
of relationships with 
territories and trade 

680
00:41:47,600 --> 00:41:50,520
relationships and the expansion 
of trade relationships and how 

681
00:41:50,520 --> 00:41:53,280
we can build capacity from that 
relationship? 

682
00:41:53,280 --> 00:41:55,480
I think that's important to 
share with the people of Bermuda

683
00:41:55,880 --> 00:41:59,440
the benefits associated with 
full manipulation. 

684
00:42:01,320 --> 00:42:04,280
Jonathan Starling and I on this 
podcast discussed the Green 

685
00:42:04,280 --> 00:42:06,960
Paper when it came out. 
Jonathan was quite enthusiastic 

686
00:42:06,960 --> 00:42:10,160
about it. 
I looked at it and I couldn't 

687
00:42:10,160 --> 00:42:13,640
see specifically how it would 
benefit Bermuda. 

688
00:42:14,240 --> 00:42:18,560
I, I didn't see examples, I 
didn't see any stats or anything

689
00:42:18,560 --> 00:42:21,160
like that. 
That said, This is why it 

690
00:42:21,160 --> 00:42:24,760
benefits Bermuda. 
You said that's a bit of a gap. 

691
00:42:24,760 --> 00:42:26,360
Is that a gap that needs 
closing? 

692
00:42:26,360 --> 00:42:28,640
Do you think? 
Do you, were you a supporter of 

693
00:42:28,640 --> 00:42:30,720
the Green paper? 
Do you think it went far enough?

694
00:42:31,120 --> 00:42:34,560
I think any gaps that. 
Exist in terms of questions that

695
00:42:34,560 --> 00:42:37,800
people ask. 
It needs to be closed. 

696
00:42:38,160 --> 00:42:40,280
I think some people are looking 
for. 

697
00:42:42,640 --> 00:42:45,520
Kind of data points. 
That will convince them that 

698
00:42:45,520 --> 00:42:49,400
this is in our vast interests 
and other persons are saying 

699
00:42:49,400 --> 00:42:54,400
that there is no harm to greater
economic partnerships, there is 

700
00:42:54,400 --> 00:42:59,280
no greater harm to greater 
bilateral relations. 

701
00:42:59,800 --> 00:43:05,360
We live in a world where 
countries all the time are 

702
00:43:06,040 --> 00:43:12,360
engaged in these relationships 
and then being part of economic 

703
00:43:12,360 --> 00:43:16,920
communities and CARICOM is a 
relationship that we've been in 

704
00:43:16,920 --> 00:43:20,880
for a number of years. 
And I believe that when we 

705
00:43:20,880 --> 00:43:26,800
assess whether or not it brings 
value, the answer will be yes. 

706
00:43:27,080 --> 00:43:30,320
I don't think that there are 
points made to say that the 

707
00:43:30,840 --> 00:43:35,880
relationship with CARICOM will 
take away or diminish anything 

708
00:43:35,880 --> 00:43:40,800
that Bermuda is trying to 
progress or it's not in our best

709
00:43:40,800 --> 00:43:43,520
interest. 
What I would say is when Trump 

710
00:43:44,840 --> 00:43:49,000
made a determination that he was
going to tax all Chinese ships 

711
00:43:49,320 --> 00:43:55,400
and that was going to have a 
very negative impact on trade to

712
00:43:55,400 --> 00:43:59,120
Bermuda and the affordability of
goods and trend Bermuda. 

713
00:43:59,520 --> 00:44:04,360
I know that the Caribbean 
community came together to lobby

714
00:44:04,360 --> 00:44:07,280
the US government and that 
decision was ultimately first. 

715
00:44:07,880 --> 00:44:12,680
I know that when they are 
talking about matters on a 

716
00:44:12,680 --> 00:44:17,840
global stage, Bermuda sits as a 
subsidiary to the United 

717
00:44:17,840 --> 00:44:19,800
Kingdom. 
But if you can have Caribbean 

718
00:44:19,800 --> 00:44:24,640
countries that sit independently
lobbying on your behalf who can 

719
00:44:24,640 --> 00:44:27,720
all who also have strong 
relationships with South 

720
00:44:27,720 --> 00:44:31,880
American countries and countries
of the African Union, then you 

721
00:44:31,880 --> 00:44:35,960
go into a meeting with advocacy 
with greater levels of support. 

722
00:44:35,960 --> 00:44:41,960
And so there is these factors 
and considerations that may have

723
00:44:41,960 --> 00:44:45,600
not been placed in the report, 
but me working in this 

724
00:44:45,600 --> 00:44:48,880
particular space and 
understanding it, I do know and 

725
00:44:48,880 --> 00:44:54,360
appreciate oh meaningful it is 
to have strong relationships 

726
00:44:54,360 --> 00:44:58,160
with other countries you're 
you're talking to a. 

727
00:44:58,160 --> 00:45:02,960
Brit who was totally opposed to 
Brexit because I can see the 

728
00:45:02,960 --> 00:45:06,280
advantages of being part of a, 
of a, of a bigger economy and 

729
00:45:06,280 --> 00:45:10,200
you know, it's cost 3 or 4% of 
the UKSGDPI can see that. 

730
00:45:10,320 --> 00:45:12,080
But those are very clear 
benefits. 

731
00:45:12,400 --> 00:45:16,960
Can you give me one or two very 
clear benefits of joining 

732
00:45:16,960 --> 00:45:19,920
CARICOM when you mentioned a 
couple of others are they're 

733
00:45:19,920 --> 00:45:25,480
kind of not, they're not so 
tangible, tangible benefits of 

734
00:45:25,480 --> 00:45:31,400
joining CARICOM and so. 
When we, when we look at it, the

735
00:45:32,200 --> 00:45:37,200
expansion of services of Bermuda
farms into the Caribbean region 

736
00:45:37,200 --> 00:45:40,200
in a, in a meaningful way 
throughout the entire Caribbean,

737
00:45:40,200 --> 00:45:43,480
that's a, that's certainly a 
benefit. 

738
00:45:43,480 --> 00:45:46,520
Then we start to look at free 
movement of capital and then we 

739
00:45:46,520 --> 00:45:50,600
start to look at free movement 
of, of services and the free 

740
00:45:50,600 --> 00:45:54,080
movement of goods. 
The other one not we can get 

741
00:45:54,880 --> 00:45:59,320
proper trade agreements with 
CARICOM Contras that actually 

742
00:45:59,960 --> 00:46:06,120
produce goods to reduce some of 
the cost of living in Bermuda. 

743
00:46:06,160 --> 00:46:12,240
That's extremely important if we
are able to secure capital at a 

744
00:46:12,240 --> 00:46:16,200
more affordable rate. 
For if we have large industrial 

745
00:46:16,200 --> 00:46:19,760
projects, that is of benefit to 
Bermuda as well. 

746
00:46:20,000 --> 00:46:22,840
It provides us with greater 
levels of options when we are 

747
00:46:22,840 --> 00:46:26,560
seeking institutional financing 
for large infrastructure 

748
00:46:26,560 --> 00:46:30,080
projects, whether it be us 
building a new bridge or us 

749
00:46:30,080 --> 00:46:35,560
redeveloping times B. 
So if. 

750
00:46:36,280 --> 00:46:40,320
Financial services available to 
members of CARICOM through 

751
00:46:40,360 --> 00:46:43,120
international organisations and 
we're able to take advantage of 

752
00:46:43,120 --> 00:46:46,120
that. 
That is a plus and a benefit to 

753
00:46:46,160 --> 00:46:48,200
Bermuda. 
If we're able to have direct 

754
00:46:48,200 --> 00:46:54,200
trade with Caribbean countries 
such as Guyana for food 

755
00:46:54,200 --> 00:46:57,320
products, that's a positive as 
well. 

756
00:46:57,600 --> 00:47:02,680
And so when we look at it, we 
can look at our entire economy 

757
00:47:02,680 --> 00:47:07,480
and say where do we have gaps? 
We currently have more jobs in 

758
00:47:07,480 --> 00:47:09,400
permuted than naval body 
permutants. 

759
00:47:10,280 --> 00:47:14,360
Is there a gap as it pertains to
the skilled labour that required

760
00:47:14,360 --> 00:47:16,960
to power our society? 
If the answer is yes, can we 

761
00:47:17,240 --> 00:47:21,120
work with our Caribbean 
counterparts to fill some of our

762
00:47:21,120 --> 00:47:24,280
labour needs and and the gaps 
that we have? 

763
00:47:25,000 --> 00:47:27,000
So the answer is, is yes to that
as well. 

764
00:47:27,040 --> 00:47:31,480
So there are definitely 
benefits, but it's about an 

765
00:47:31,480 --> 00:47:36,080
evolution of a relationship. 
We started out over 2 decades 

766
00:47:36,080 --> 00:47:40,280
ago as associate members. 
Do we remain associate members 

767
00:47:40,800 --> 00:47:44,560
forever or do we make the 
progressive step to evolve the 

768
00:47:44,560 --> 00:47:48,280
relationship that we've already 
been in for a period of time? 

769
00:47:48,640 --> 00:47:51,760
I think it's just natural as a 
natural step in Bermuda's 

770
00:47:51,760 --> 00:47:56,000
evolution. 
There's been calls for a 

771
00:47:56,000 --> 00:48:01,560
referendum. 
Is it OK the MPs can decide this

772
00:48:01,560 --> 00:48:04,360
in the House of Assembly or 
should there be a referendum in 

773
00:48:04,360 --> 00:48:07,120
your opinion? 
I think I think it's it's. 

774
00:48:07,120 --> 00:48:12,360
A decision that certainly 
Parliament has the ability to 

775
00:48:12,600 --> 00:48:16,680
decide upon. 
When we joined up as associate 

776
00:48:16,680 --> 00:48:21,200
members some years ago, there 
was a conversation here and then

777
00:48:21,640 --> 00:48:25,560
we as a party made it clear that
we wanted to move forward with 

778
00:48:25,560 --> 00:48:28,840
greater Caribbean relationships.
I think when we look at all the 

779
00:48:28,880 --> 00:48:33,160
other Caribbean organizations 
that we're a part, a part of, it

780
00:48:33,160 --> 00:48:37,440
is not done through referendum. 
All the technical associations, 

781
00:48:37,440 --> 00:48:44,200
all the trade associations, we 
have strong relationships with 

782
00:48:44,240 --> 00:48:48,560
the Caribbean community already.
I think a referendum at the 

783
00:48:48,560 --> 00:48:51,360
time, it would have been a 
decision whether or not we 

784
00:48:51,360 --> 00:48:53,720
become associate members, But if
we're talking about just 

785
00:48:53,720 --> 00:48:56,320
progressing the membership of an
organization that you're already

786
00:48:56,320 --> 00:48:59,880
associated with, I'm not sure if
a referendum is actually 

787
00:48:59,880 --> 00:49:03,560
required. 
You've been very generous with 

788
00:49:03,560 --> 00:49:05,520
your time. 
There is so much more I could 

789
00:49:05,520 --> 00:49:07,880
talk to you about. 
We really haven't touched on. 

790
00:49:07,880 --> 00:49:10,720
Maybe we do another interview at
another time. 

791
00:49:10,720 --> 00:49:14,040
But my last question, you've got
a games day coming. 

792
00:49:14,040 --> 00:49:16,520
Tell me about it. 
Most definitely answer. 

793
00:49:16,520 --> 00:49:21,240
We've had a campaign committee 
and the team said, you know 

794
00:49:21,240 --> 00:49:23,560
what, it would be nice if we 
just got together in a social 

795
00:49:23,560 --> 00:49:28,640
environment and persons actually
saw the lighter side of you. 

796
00:49:28,640 --> 00:49:31,280
And then you'll be able to 
engage and interact with people 

797
00:49:31,280 --> 00:49:33,760
one-on-one and answer whatever 
questions they may have. 

798
00:49:34,160 --> 00:49:35,920
And so they said we should have 
a games night. 

799
00:49:35,920 --> 00:49:39,520
And so they kind of evolved into
an entire games day. 

800
00:49:39,520 --> 00:49:42,080
And so we've all seen the 
numbers and the entire community

801
00:49:42,400 --> 00:49:45,680
to come and just have a day full
of fun. 

802
00:49:46,480 --> 00:49:49,680
Tommy, Tommy just. 
Remind our our our audience when

803
00:49:49,680 --> 00:49:52,120
and where it is so the games 
they will take. 

804
00:49:52,120 --> 00:49:57,760
Place on Sunday and that will be
from 3:00 to 8:00 at Cedar 

805
00:49:57,760 --> 00:50:01,000
Bridge Academy and it's free. 
To enter, you just turn up. 

806
00:50:01,400 --> 00:50:04,520
Yeah, just turn up. 
And and enjoy the day it would 

807
00:50:04,520 --> 00:50:07,520
be, I might come down, there 
will be games being played, 

808
00:50:07,520 --> 00:50:10,680
camaraderie. 
And so it's just a welcoming 

809
00:50:10,680 --> 00:50:13,520
environment where person can 
come, they can ask questions 

810
00:50:13,520 --> 00:50:17,800
about the future of Bermuda, 
they can ask questions about my 

811
00:50:17,800 --> 00:50:22,200
decision making as pertains to 
moving forward with being the 

812
00:50:22,200 --> 00:50:25,040
leader of the Progressive Labour
Party, get a better 

813
00:50:25,040 --> 00:50:29,320
understanding of where I stand 
on a number of issues and also 

814
00:50:29,320 --> 00:50:32,800
meet members of the team. 
Because again, this is not just 

815
00:50:32,800 --> 00:50:35,480
about one man as of what else 
working collectively together. 

816
00:50:35,480 --> 00:50:37,520
And you will see that there is a
strong team within the 

817
00:50:37,520 --> 00:50:42,600
Progressive Labour Party that 
supports the notion of Jason 

818
00:50:42,600 --> 00:50:46,000
Abboud being the next leader. 
I might pop down on Sunday. 

819
00:50:46,000 --> 00:50:48,280
Afternoon myself, you're 
certainly welcome to do. 

820
00:50:48,280 --> 00:50:51,200
So thank you for sparing. 
So much time, it's greatly 

821
00:50:51,200 --> 00:50:54,400
appreciated. 
Maybe at the end of October you 

822
00:50:54,400 --> 00:50:57,600
can give me another interview as
leader of the PLP and Premier. 

823
00:50:58,240 --> 00:50:59,360
I'll be delighted to. 
Do so. 

824
00:51:01,160 --> 00:51:02,240
All right. 
Thanks very much. 

825
00:51:02,240 --> 00:51:02,920
Have a good day.
