Prince Edward, now Duke of Edinburgh
#UnitedKingdom, March 13, 2023 – It is the crafty culmination of a father’s wish for his youngest son, according to Buckingham Palace, the former Duke of Edinburgh Prince Philip wanted for Prince Edward to be bestowed the title of Duke of Edinburgh, and now Edward’s big brother, King Charles has seen it done.
As a gift giving gesture, His Royal Highness took to appointing his brother the new title on his 59th birthday, also making his wife Sophie, Duchess of Edinburgh.
This follows the death of their father nearly 2 years ago, who was the former Duke of Edinburgh since 1947 upon his marriage to Queen Elizabeth II.
It turns out that the late Queen and her late husband both anticipated that Edward, considering his marriage to Sophie in 1999, would, in due course, become the Duke of Edinburgh. So, it is clear that this bestowal was set in motion decades ago.
While many are excited for the Prince’s recent promotion, to no surprise, there are some people who were not so pumped to hear the news. The anti-monarchy campaign group Republic, in representation of the people of Edinburgh, strongly believes that their views should have been acknowledged prior to the appointment of Prince Edward as Duke.
Also, Graham Smith of the anti-monarchy group spoke against King Charle’s power as Head of State to appoint such position to a member of his own family.
“If we’re going to have such draft titles they should be decided by Parliament or Government-and it should not be possible for the Head of State to award his own family,” he firmly stated.
Now, many may wonder what will come of his former title as Earl of Wessex. Well, his son Viscount Severn, will now take on said title.
As stated by Buckingham Palace, Prince Edward and Sophie are happy and proud to take on and maintain Prince Philips’ legacy, that is the Duke of Edinburgh’s Award, which he created in 1956 to yield opportunities for young people in the United Kingdom as well as overseas.
Three Days to NIB Rate Increase for 2023
By Dana Malcolm
#TurksandCaicos, March 29, 2023 – On April 1st, the second round of increases on contributions at the National Insurance Board will kick in for the Turks and Caicos workforce. Announced last year, the increases were instituted to keep the NIB from running out of money by 2027 as it services a population that is living longer with contributions that had not been increased in 30 years.
As the Government’s new financial year begins, increases at NIB will mean a higher cost for doing business and a higher cost for running the Government.
The private sector is expected to pay contributions at a rate of 11 percent on your taxable income. The hike is up from last year’s 10 per cent; six percent of which is to be paid by the Employer and five percent is to be paid by the Employee. For wages of $2000, this will mean a $200 improvement in income per month to the NIB. As for the burn on residents’ pockets, based on a minimum wage of $1200 monthly salary, that’s at least $60 dollars a month and $720 per year.
Public sector rates will move to 10.15 percent up from 9.15 per cent with the worker paying 4.575 per cent and the Government paying 5.575 per cent; that’s $54 a month and $648 a year at minimum wage.
The NIB rate as of April 1, 2023, will jump to 9 percent for self-employed individuals; For self-employed individuals at minimum wage, that is $108 dollars a month or $1296 per year.
As taxable incomes increase so will the contribution.
The increases follow a 2019 Actuarial review, undertaken every three years, which unearthed that the NIB was facing a dismal future, possible collapse. Contribution rates were growing at a rate much slower than NIB expenses, which included beneficiary payouts. On that trajectory, the NIB’s earnings would be eclipsed by its income by 2027, forcing the worker protection plan to draw down on money saved for economic shocks like Covid-19.
Unsurprisingly, this was deemed untenable, and an immediate increase was recommended.
Despite this scramble to boost earnings, the NIB has simultaneously increased payouts. Payouts for pensions, funeral grants, maternity grants and more will all attract bigger sums.
These incremental increases on contributions and payouts were all consultant recommendations, informed statements from the Board.
Work of NAECOB critical in ensuring high standards in education, says Minister Hanna-Martin
Bahamas Golden Jubilee Events Announced, Celebrations Across 33 Islands & Cays
#TheBahamas, March 27, 2023 – As the 50th anniversary of our nation’s independence approaches, Bahamians everywhere are teeming with excitement and expectancy around the year-long celebrations set by The National Independence Secretariat.
Yesterday, the Prime Minister joined H.E Leslia Miller Brice, Chair of The National Independence Secretariat to unveil the Calendar of Events for the 50th Independence celebrations.
The calendar comprises a host of events, initiatives and recommendations for celebrations throughout all 33 islands of The Bahamas.
At this jubilant occasion the PM stated, “Celebrating independence is about acknowledging the greatness around us, the greatness within us, and the greatness ahead of us.
We are Bahamians. That identity is special.”
View the newly released calendar of events here:
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