Credit Insurance Drought Raises Risk of More High-Street Closures Government Struggles to Ful'L Promise to Compensate Suppliers for Withdrawal of Cover
Sunday Herald › April 08, 2009
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Summary
FEARS of a further wave of high-street failures are rising as the UK government struggles to compensate for the drying up of credit insurance to suppliers of vulnerable retailers.
In February, Lord Mandelson's Department of Business and Regulatory Reform (BERR) promised to "nd a way to shore up faltering con"dence by compensating for the withdrawal of insurers by the following month.See the full content of this document
Extract
Credit Insurance Drought Raises Risk of More High-Street Closures Government Struggles to Ful'L Promise to Compensate Suppliers for Withdrawal of Cover
However the Sunday Herald has learned that policymakers have found the issue more complex than anticipated.
Retail credit insurance is the cover provided to manufacturers, who...See the full content of this document
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