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Bahamas: INCREASE MINIMUM WAGE, DECREASE VAT: PLP releases economic plan

NASSAU, BAHAMAS — The Progressive Liberal Party (PLP) yesterday promised that if elected to govern, it would recommend the country’s minimum wage be increased to $250 per week and reduce value-added tax (VAT) to 10 percent “across the board” for 12 months.

Similar promises have been previously made by the current Minnis administration, which pledged to increase minimum wage and implement tax-free zones while on the campaign trail in 2015.

Chester Cooper, PLP deputy leader and the Exumas and Ragged Island member of Parliament, while unveiling the party’s 10-point economic plan to “Recover, Rebuild and Revolutionize” the Bahamian economy yesterday, noted: “With so many people unemployed, those who are working have to support greater numbers of people.

“We will recommend to the National Tripartite Council that they move towards a minimum wage of $250 per week in the private sector.”

Cooper noted that under the previous Christie administration, minimum wage was increased from $150 per week to $210 per week.

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