UK debt default second highest in Europe says Atradius
The latest Payment Practices Barometer from trade credit insurer Atradius shows that payment practices in many European industries deteriorated between summer 2006 and winter 2006/2007 with the UK one of the highest scorers in payment default across sixteen main business sectors.
In eight of the sixteen sectors analysed, a percentage of respondents said that very frequently debts were not paid at all. Britain came second only to Italy where default occurred very frequently in
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