Procter and Gamble relocating Island operation

Thursday, 13 November 2014 00:00

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:

More from Isle of Man News

Prepaid debit cards being considered for benefits

The Treasury says it's considering issuing prepaid debit cards to pay benefits to those without a bank account.
First candidate declares for Glenfaba and Peel

The first candidate has declared their intention to stand for Glenfaba and Peel in the general election.
Tree works to get underway at popular park today

Braddan Commissioners say they'll be carrying out work on trees at a popular skatepark this week, Monday, June 8.
Dandara submits plans for homes in West

Developer Dandara has applied for permission to build five detached homes on a planned housing estate in Peel.
Rider needed major surgeries after Senior TT crash

The rider who crashed in the red flag incident during the Senior TT has let his fans know he's doing okay.
Work on new Laxey flood defences to start today

A contractor is expected to start work on new Laxey flood defences this week.
Pension app rollout delayed

The launch of a new pensions app has been delayed.
Public invited to have input on park plans

There's a chance to have your say about plans for the capital's biggest park this week.