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The Social Compact by Government, the private sector and labour designed to keep mark-ups down on certain items, ended on July 31. Nation News spoke to several shoppers this past week, and many said they were now more selective about what they bought and shopped around for the best prices. “Every month you’re buying the same things but the prices going up. You have to buy some things when they …
Ann Cox Kay Craigg Social Compact Massy Warrens Joy Ann Cox Nation News

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Business community wants more information on key measures in PM's Budget

The private sector has welcomed Government’s decision not to impose any new taxes in the 2023 Budget. However the sector is concerned about the lack of detail relating to several key measures intended to spur growth and improve efficiency in the public sector.Responding to the budgetary proposals presented by Prime Minister Mia Mottley on Tuesday, Chairman of the Private Sector Association (BPSA) Trisha Tannis said there was “unanimous support for the announcement of no new imposition of tax...
Anthony Branker Trisha Tannis Barbados Chamber Sector Association Prime Minister Mia Mottley Private Sector Association

New six-month food compact agreed on

Within a week, Barbadians should benefit from the savings of a second Social Compact between Government and the private sector. This was disclosed today by Minister of Foreign Affairs and Foreign Trade Kerrie Symmonds, who brokered the deal among stakeholders. He said that he expected the proposal, which was now over to Cabinet, would be signed off within a week. In the meantime, business entities agreed to maintain the parameters …
Kerrie Symmond Kerrie Symmonds Lennox Devonish Foreign Affairs Poultry Producers Association Foreign Trade Kerrie Symmond

Letter: Ditch social compact and change tack - BusinessLIVE

The president’s state of the nation address (Sona) provides an annual “opportunity” (an SA cliché if ever there was one) to review past successes and failures, and to set out the course ahead. Lately, the successes have been outweighed by the failures and the course ahead has been anything but clear.
Terence Corrigan Cyril Ramaphosa Institute Of Race Relations President Cyril Ramaphosa Race Relations Cyril Ramaphosa
Source: irr.org.za

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