UK needs EU transition deal to prevent business failures: Euler Hermes
A transition deal on goods and services between the UK and the European Union is needed to prevent a sharp rise in UK business insolvencies in 2019, according to Euler Hermes.
The trade credit insurer said a bridge solution in which the UK remains in the Single Market in exchange for EU contributions, is needed as the UK will officially exit the EU as soon as 2019.
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