Brokers urged to 'recession proof' their commercial clients

The latest British Chamber of Commerce (BCC) quarterly report claims the UK is on the brink of a serious recession, announcements of job cuts are appearing almost daily – the latest from house builder Persimmon, which has announced 1,100 job cuts, and costs spiralling whilst order books have been slowing over the past 3 months. Angel believes that the net result of these factors will be significant increases in claims against companies and their directors.

Mark Shreeve, Angel Underwriting’s CEO

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