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UK government comes to the aid of struggling companies

In a positive sign for the UK government's various initiatives to assist and support small businesses in the UK, restructuring specialist Begbies Traynor has today issued a profits warning purely and simply because of the government's success in assisting companies. The group has warned that government intervention and various successful initiatives announced some time ago are starting to hit home and more and more companies have literally been saved from the scrapheap.

Despite the fact that the UK government has received heavy criticism for its slow response to various problems in the small, medium and large business arenas, there is no doubt that the financial help put in place some time ago is now starting to hit home. One of the issues highlighted by Begbies Traynor was the government's decision to allow companies to defer tax payments to protect cash flow in the short term, something which has seen many companies avoid disaster.

There are signs that Gordon Brown's various initiatives, many of which received critical comments in the financial press, are starting to kick in. It will be interesting to see how long the UK government retain these apparently successful initiatives and indeed how much funding will be given to struggling companies after the election. But has it all come too late for Gordon Brown's bid for re-election?

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