Intervention and the Battle for Better Business

A critique of business support in the United Kingdom including exclusive interview with Lord Heseltine

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12: Recess Stress (2008)

21st June 2015 By Elliot Forte

George Osborne“I want to draw attention to the failure of the policies that, in the Government’s words, are supposed to be providing ‘real help now’ to families and businesses struggling with the recession. That slogan is a cruel joke to the thousands of people who have lost their jobs while this Government dither and delay.”
George Osborne MP, Shadow Chancellor of the Exchequer (2009)

In the second half of 2008, the economy of the United Kingdom officially entered recession. In response, Lord Mandelson, Secretary of State for Business, Innovation and Skills, announced an immediate and ‘new’ rescue package named Real Help Now.

This chapter reviews the Real Help Now offering, including the widely accessed Health Check product and the series of financial initiatives intended to address “cash flow, credit and capital needs of businesses”.

Chapter 12 analyses the impact of this initiative on small businesses in a credit crunched economy. A candid appraisal on accusations of delay and duplicity closes the chapter.

In the midst of a Global economic crisis, the Government’s decision to restrict rescue support to viable growth businesses is challenged.

Filed Under: Chapter Profiles

Copyright

Chapter Profiles

01: Shoots and Roots (1992)

02: Business Link Goes National (1994)

03: A Toolkit of Competitiveness

04: Knowledge Driven Economy (1997)

05: Quality Marks (1999)

06: Whiz Kids and Failed Business People

07: A Small Business Service (2001)

08: Best in Class (2004)

09: Help Yourself

10: Localism (2005)

11: No Wrong Door (2007)

12: Recess Stress (2008)

13: Dragon’s Breath (2008)

14: Prisk End (2010-2011)

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Reception

“For many reasons, this is a valuable book, and it is an important innovation for the policy field in itself. It will remain a valuable historical resource.”

Review by Professor R Bennett MA PhD FBA. Emeritus Professor. Cambridge University

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Elliot Forte (Author)
Email: elliot.forte@businessthink.co.uk

COPYRIGHT © 2015 Business Think Ltd. The right of Elliot Forte to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act, 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, or otherwise, without the prior permission of the Copyright owner.