Tag: cost of living
5% COLA for civil servants plus review of lower salaries
(CNS): Premier Juliana O’Connor-Connolly has announced the approval of a 5% increase in the cost of living allowance for civil servants, which will start on 1 January. She said the pay raise is to address the widening gap between salaries and the rate of inflation, and there is a need to bolster overall compensation packages […]
PPM presses premier for more action on COL
(CNS): Following news of another interest rate hike, the opposition is pressing Premier Wayne Panton to do more to help people navigate the rising cost of living. But PPM Leader Roy McTaggart has called for an increase of more than 50% in the monthly stipend for the elderly, as well as a freeze on water […]
Bosses and job seekers at odds over flexi-work
(CNS): A salary survey of private sector employers in the legal and financial sector has revealed that they are not prioritising the type of workplace benefits that administrative and support staff really want. The survey conducted last year by a local recruitment company among its registered candidates and employers found that administrators are being paid […]
Government promotes support as COL crisis worsens
(CNS): Caymanians are being warned that it could be some time before there will be any easing of the global cost of living crisis that is having a dramatic effect locally. With escalating prices and the challenge that creates for ordinary people, the Cayman Islands Government has launched a national campaign to raise awareness of […]
McTaggart: PACT should give surplus back to people
(CNS): The rising price of goods has increased the Cayman Islands Government’s revenue and it “cannot be right” that the CIG benefits from inflation “while the people suffer”, Opposition Leader Roy McTaggart said in the latest PPM video, and he called on PACT to give back the surplus by funding more relief measures. Following the […]
McTaggart: Gov’t has room to cut all fuel duty
(CNS): Opposition Leader Roy McTaggart said the Cayman Islands Government should cut duty on fuel to zero, removing the 75 cents tax it adds to each gallon at the pump and the 25 cents it charges CUC, until the end of the year to help people deal with the soaring cost of living. Speaking Tuesday […]
PACT needs to do more to help families, says PPM
(CNS): Opposition Leader Roy McTaggart has accused the Cayman Islands Government of failing to fully appreciate the impact of the rising cost of living on families and has called for a broader set of measures to help people navigate inflation. During the last meeting of Parliament, Premier Wayne Panton listed a wide range of measures […]
Non-exec civil servants to get 4.5% COLA by year-end
(CNS): Civil servants on Grade E and below on the salary scale can look forward to three special payments of $150, which they will receive this month and in July and August, to help them navigate the increasing cost of living. This precedes a 2% increase in pay that will be rolled out across the […]
CIG will help over 20,000 families with light bills
(CNS): The Cayman Islands Government has set aside around $5-6million to help families in need meet the rising cost of residential electricity bills and the additional fuel costs, according to Premier Wayne Panton. Responding to a statement by Opposition Leader Roy McTaggart in Parliament Thursday evening, asking how the government was going to provide relief […]
Cost of living pain reflected in ESO report
(CNS): The Economics and Statistics Office has released the cost of living statistics for 2021, which reflects the pain that everyone has been feeling with the soaring cost of living. While the average annual Consumer Price Index (CPI) rose by 3.3% across the whole year compared to 2021, that disguises the much greater impact inflation […]
Premier warns war in Ukraine will increase COL
(CNS): Premier Wayne Panton has warned that the cost of fuel will increase in Cayman, pushing up the already rising cost of living, as a result of Russia’s invasion of Ukraine. In a statement about today’s military action directed by Russian President Vladimir Putin, Panton said it would carry a “tremendous humanitarian cost” and war […]
