the cayman islands don t have the same level of welfare support as us the state is about 20 % of the economy it s closer to 40 % here i met emily a retired civil servant living in a house full of damp and mould with a Â£ 1500 a month mortgage twice the uk average she was unable to keep up payments
Crime: By comparison to the United States, Bermuda has a low to moderate crime rate. Recent crime statistics are available at the official website of the Bermuda Police Service. Valuables left unattended in public areas, in unsecured hotel rooms, or on rental motorbikes are vulnerable to theft.
Two major factors affect this: the level of foreign currency debt and the prevalence of short term debt. In Bermudas case, debt outstanding is held in US dollars. A problem would arise if Bermuda was unable to maintain the peg it has with the US dollar.If the Bermuda dollar were to depreciate, the US dollar denominated debt would become more onerous and difficult to repay.Luckily, this does not appear to be an issue at this time. The key factor to consider is Bermudas current account situation which sits at a surplus.f the Bermuda dollar were to depreciate, the US dollar denominated debt would become more onerous and difficult to repay. Luckily, this does not appear to be an issue at this time. The key factor to consider is Bermudas current account situation which sits at a surplus.