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Oral question asked in the House of Commons, by Michael Jack (Conservative). It was answered by Yvette Cooper (Labour) on Thursday, 26 March 2009 on behalf of the Treasury.


Credit Insurance

Question
What assessment he has made of the effect of the availability of credit insurance for industry on the prospects for economic recovery.
Answer

About 20 per cent. of lending between businesses is generally covered by trade credit insurance. There is evidence that credit insurers are withdrawing insurance as part of the credit crunch, which is increasing the risks for those companies that use it, and the Government are in discussion with trade credit insurance companies about ways to give business more support.


Secondary information

Type
Oral question
Reference
490 c429 
266523 
Session
2008-09
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Related items
Credit Insurance
Thursday, 26 March 2009
Proceeding contributions
House of Commons
Credit Insurance
Thursday, 26 March 2009
Proceeding contributions
House of Commons
Subjects
Credit Insurance
Link
View this Oral question on www.publications.parliament.uk