Credit: Insurance

(asked on 17th March 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what action they plan to take to prevent credit insurers unilaterally withdrawing cover.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 30th March 2020

The government is discussing with UK authorities, businesses and the insurance industry, the impact of COVID-19 on the trade credit insurance market.

As the Chancellor announced on Tuesday 17 March the government would do whatever it takes to get our nation through the impacts of COVID-19 and that he stands ready to announce further action wherever necessary.

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