Coface has indicated that, following a period of intense political turmoil, the UK is now on a path to greater stability and gradual recovery, supported by easing corporate insolvencies, lower interest rates, and pro-growth policies in the pipeline. For example, the Planning Bill, set to be introduced in March, is expected to benefit the construction sector, while industrial policies in the first half of the year should encourage investment. Furthermore, although still higher than their pre-crisis levels, UK business insolvencies, which had risen earlier than elsewhere in Europe (since late 2021), appear to be on the decline. As a result, Coface has upgraded the UK’s country risk assessment from A4 to A3, a risk level now at par with those of France and Germany. To read Coface’s assessment, go to https://www.coface.uk/news-economy-and-insights/will-all-of-the-advanced-economies-stay-ahead#is-the-uk-back-after-the-painful-brexit-episode.