UK offers 10 billion pounds in guarantees for trade credit insurance

LONDON (Reuters) - Britain's government said it would provide guarantees of up to 10 billion pounds ($12.5 billion) to trade credit insurance schemes to help protect businesses against customer defaults or payment delays caused by the coronavirus crisis.The scheme, which was launched after talks with the insurance industry, was available on a temporary basis for nine months, backdated to April 1, the government said on Thursday."Our 10 billion-pound guarantee gives peace of mind to businesses,..