Credit insurance seems to be a more standard feature of doing business in the UK than it is in the US, and the FT reports on growing concerns that “the drying up of credit insurance could herald a wave of insolvencies in the troubled sector with the weakest stores and suppliers driven out of business.” Entrepreneur Luke Johnson, whose company owns Borders UK, says: “This is a lubricant that is vital for everyday transactions. I think if necessary the government should step in to replace the capacity collapse.” An anonymous executive adds: “If credit insurance gets pulled it can be […]
