Procter and Gamble relocating off Island

Thu, 13 Nov 2014

The departure of the Island's biggest paying VAT company won't have an impact on our finances.

That's the assurance from the Treasury Minister following the news that Procter & Gamble is leaving its Castletown office.

P&G is a multi-national company specialising in domestic household items.

EddieTeare says although it's disappointing to see such a successful company leave our VAT agreement with the UK will not change.

We asked if he is concerned this will knock business confidence on Island: