Country report United Kingdom 2017

國家報告

  • 英國
  • 農業,
  • 自動化/交通,
  • 化學/制藥,
  • 建築,
  • 耐用消費品,
  • 電子/計算機技術,
  • 金融服務,
  • 食品,
  • 機械/工程,
  • 金屬,
  • 造紙,
  • 服務,
  • 鋼鐵,
  • 紡織

2017年05月16日

In times of increased uncertainty the 7% insolvency decrease expected in 2017 is mainly due to statistical adjustments, but not economic resilience.

 

 

United Kingdom key indicators
United Kingdom industries performance forecast

 

 

The insolvency environment

Insolvency increase in 2016 

In 2016 the UK Insolvency Service recorded a 15% year-on-year increase in compulsory liquidations and creditors’ voluntary liquidations in England and Wales rose to 14,810 cases. However, this increase was primarily caused by changes to claimable expenses rules, which led to the liquidation of nearly 1,800 personal service companies (PSC) in Q4 of 2016. Excluding those PSCs, the increase was 1% year-on-year. Given the exceptionally high insolvency level in 2016, an 7% decrease is expected in 2017, signalling statistical adjustment, but not economic resilience, as business insolvencies in certain industries are expected to increase due to on-going uncertainty surrounding Brexit.

 

 

British business insolvencies

 

 

Economic situation

Growth rate expected to slow down in 2017

 

 

United Kingdom real GDP growth

 

 

In the aftermath of the June 2016 Brexit vote the UK economy remained resilient, recording 2% growth last year. Consumer spending has been the engine of economic expansion, supported by relatively high employment.

The momentum has remained strong thus far in 2017, but higher inflation due to the weak pound and increasing uncertainty surrounding negotiations with the EU will likely weigh on household consumption in 2017. Investment growth will slow down due to increased uncertainty over the course of the EU-UK negotiations (the UK government invoked Article 50 in March 2017, formally beginning the exit negotiation process with the EU).

 

 

United Kingdom - consumer prices

 

 

At the same time, exports are expected to pick up in 2017, helped by increased international competitiveness due to the weaker pound. UK GDP growth is expected to slow down to 1.6% in 2017 and 1.2% in 2018. Despite increasing inflation, the Bank of England has kept interest rates at 0.25% for the time being.

 

 

免責聲明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.