The UK’s second-largest trade credit insurer, Atradius has revealed that the number of claims it received from UK businesses decreased by 18 per cent compared to the same period in 2023, as a positive consumer outlook boosts consumer sectors.
The new report into payment default trends for Q1 2024, however, has also revealed that the prolonged economic and sector challenges are having a significant impact on UK industries, resulting in major increases in payment defaults for many cornerstone industries. Major claims increases have been reported for energy, fuel, metals, paper & packaging, and food sectors.
Energy and fuel
