White Papers

UK Quarterly Industry Report Quarter 2 2019

September 17, 2019 | Payments
UK Quarterly Industry Report Quarter 2 2019

Read the latest UK industry report. This includes an analysis of the UK and Global economic outlook with a review of payment performance and corporate liquidations by region, industry sector and over time.

Download our full UK Industry report below for additional insights on the UK economic outlook, a deep dive on trends in corporate liquidations and payments performance, as well as recommendations from our expert economist team.

Summary:

The UK country risk rating is maintained at DB2d. However, it is important to note that this would be downgraded in the event of a no-deal Brexit.

The retail sector remains challenging despite positive labour market conditions.

Dun & Bradstreet expects real GDP to grow by 1.3% this year and 1.4% in 2020, assuming a no-deal Brexit is avoided – should this not be the case, the UK would almost certainly enter a recession.

We are currently forecasting global real GDP growth of 2.5% in 2019, down from 2.9% in 2018.

A surprising statistic is that prompt payments improved in the three months to March before another increase occurred in June. Late payments however, remain a major problem for UK-based small and medium-sized enterprises (SMEs). In mid-July, the Chartered Institute of Credit Management suspended 18 companies from the Prompt Payment Code as these businesses (which included BT, British American Tobacco, Prudential and Centrica) failed to pay 95% of their supplier invoices within 60 days.

In April-June, Dun & Bradstreet recorded 4,115 corporate liquidations, up by a marginal 0.2% q/q but down by 0.8% y/y.

More in Payments

Mastercard partners with seven FinTechs for payments  
Payments
December 06, 2019

Mastercard partners with seven FinTechs for payments  

Mastercard has partnered with global FinTech startups to promote digital payment adoption. In Bri...

Payment Awards 2019 - Winners!

Posted By The Community

Payments
December 06, 2019

Payment Awards 2019 - Winners!

We won "Best Contactless Payments Project" at the #PaymentAwards in November.. It was a fun evening!...

Written By: McLEAR

myPOS CEO advises shoppers and merchants over new rules on contactless payments

Posted By The Community

Payments
December 04, 2019

myPOS CEO advises shoppers and merchants over new rules on contactless payments

THOUSANDS of consumers are enduring the embarrassment of having their contactless payments declined....

Written By: myPOS

Payments
November 19, 2019

ISO 20022: Better data means better payments - Why correspondent banking needs ISO 20022 now

Correspondent banking payments have been a core component of transaction banking for decades, genera...

Payments
October 31, 2019

#payments insights. opinions.

The payments function — the operations and technology capabilities within banks and other fina...

Payments
October 17, 2019

Payments Infographic: Digital Disruption comes to the Corporate Treasury

This report is based on a simple hypothesis: that the growing expectations of corporate treasurers h...

Escrow, flexibility of payments and network effects

Escrow, flexibility of payments and network effects

When: Jan 28th, 2020
Where: Rise London, London
Price: FREE