NU Online News Service, Jan. 18, 3:32 p.m. EST
An insurance industry official said the United Kingdom's government is failing exporters by refusing to underwrite bonds needed to win overseas orders by guaranteeing export contract performance.
Susan Ross, Aon Trade Credit director and chair of the British Exporters Association (BExA), said in a statement that the UK needs to copy European governments' actions and provide bond support to boost local exporters and lead the nation out of the recession.
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