Credit insurers warn of insolvency surge later this year as government extends trade credit scheme
The UK government-backed trade credit reinsurance scheme to guarantee up to £10bn of business-to-business transactions has been extended to run for the first half of 2021.
The extension comes as Euler Hermes – one of the scheme’s participating insurers – forecasts that the phasing out other government measures to support businesses, such as furlough and loan schemes
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