“If Britain is a nation of shopkeepers, it is not presently a happy one. The UK’s looming exit from the European Union has been widely blamed for damaging confidence among employers, which has had the knock on effect of damping wage growth and, in turn, eroding consumer confidence. The rise in import costs stemming from the collapse in sterling that followed the vote certainly hasn’t helped.”
In this series of monthly articles from Risk.net, David Carruthers, head of research at Credit Benchmark, discusses UK retailers’ credit woes amongst other global credit industry trends.
Read the full article here or in the April edition of Risk Magazine.