CREDIT INSURANCE AND THE FURNITURE MANUFACTURING INDUSTRY

Early day motion 500, tabled 19 January 2009 by Madeleine Moon (Labour). Signed by 47 members.

That this House acknowledges the importance of the furniture manufacturing industry to the UK economy, with an annual output of almost £10 billion and direct employment of around 124,000 people within 7,500 enterprises; further notes the problem of obtaining credit insurance in light of the economic downturn particularly in the furniture manufacturing industry; and recognises that credit insurance companies are promoting panic by removing insurance cover from furniture manufacturers and their suppliers, often without basing such action upon the risk involved or the financial viability of the individuals or firms involved.

Signatures by party: Labour 38, Conservative 3, DUP 2, Social Democratic and Labour Party 2, Independent 1, Liberal Democrat 1.