Finance Minister Bob Richards. *File photo
Finance Minister Bob Richards. *File photo

Finance Minister Bob Richards today welcomed a UK offer to draft in experts to help Bermuda cope with its massive debt.

He was speaking after Governor George Fergusson said that Britain was prepared to second specialists to offer “technical assistance” as Bermuda fights to reduce the country’s massive overdraft.

Mr Richards said: “We have already, over a period of decades, availed ourselves of technical assistance from HM Government.

“The OBA Government has an excellent relationship with the Governor’s office and HM Government and will seek to access technical expertise as the situation arises.”