UK retailers urge ministers to extend credit insur

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UK retailers urge ministers to extend credit insurance scheme - Today News Post Today News || UK News

Retailers are lobbying the British government to extend the scheme that guarantees trade credit insurance amid fears that many could be left without cover when it endsLatest Breaking News Today of Europe- Spain.

The trade credit reinsurance scheme was introduced in May 2020 and offers indemnities to specialist insurers who cover suppliers against the risk of non-payment by their customersThe city of Wuhan for more than two months starting in January 2020 afte.

It was extended in December but last week the government confirmed that it would end on June 30 — the same day as the moratorium on evictions for renters endslike health care.

The British Retail Consortium has written to business minister Paul Scully arguing that if insurers base risk assessments on retailers’ recent financial performanceconversations, many will be left without cover.

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