Survey finds trade credit insurance still a problem for firms
Trade credit insurance remains a significant problem despite the supply of credit and bank loans improving, the latest Confederation of British Industry (CBAI) Access to Finance Survey reports.
A balance of 54% of firms reported its availability had worsened in the three months to May. This was not as severe as in the March survey (72%).
Ian McCafferty, CBI chief economic adviser, said: “"While the government has made some welcome moves to improve the availability of trade credit insurance, it remains a very live issue for many businesses, and more could be done to ease the pain.
"A backdated implementation date would be beneficial, as would some assurance that the government's scheme will not come to an abrupt end in October."
