Companies in Distress 2024-10-24
2024-10-24
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The Government's ability to respond to struggling companies is under scrutiny. The MP seeks to understand the steps taken by Cabinet colleagues to improve this.
What steps he is taking with Cabinet colleagues to increase the Government's ability to respond to companies in distress?
The Government take seriously our role to ensure the resilience of Government suppliers. The Cabinet Office monitors strategic suppliers actively and puts in place contingency plans where there is risk of distress. The department works alongside other Departments, from the Department for Business and Trade and the Insolvency Service to the Treasury. We are supported by UK Government Investments with experience in corporate finance.
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Assessment & feedback
The specific ask was not fully addressed, as no concrete steps or plans were provided.
General Principles Stated Without Specifics
Response accuracy
Q2
Partial Answer
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Context
Following the collapse of five companies in the SK:N group, a significant employer in Nuneaton, the MP seeks details on government contingency plans to ensure continuity of services.
Will the Minister please explain what steps the Government are taking to ensure that Departments have contingency plans to sustain the work of those companies to private healthcare patients?
Independent providers of NHS services must hold an NHS provider licence unless exempt. Licensed providers of hard-to-replace services are subject to financial and risk-based quality governance oversight to safeguard patient continuity. If the MP wishes to write with further details, the relevant Minister will get back.
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Assessment & feedback
The specific ask was not fully addressed; no concrete steps or contingency plans were provided for the SK:N group collapse specifically.
Cannot Comment On Specifics
Response accuracy
Q3
Partial Answer
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Context
According to the latest Begbies Traynor's “Red Flag Alert” report, almost 48,000 companies in the south-west are now classed as in significant economic distress. The MP seeks information on support measures from the government and its Cabinet colleagues.
What steps is the Minister taking with her Cabinet colleagues to support businesses in the south-west?
This Government are determined to support growth in this country. Work is going on across Government to support economic growth and investment, ensuring that high streets thrive again.
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Assessment & feedback
The specific ask was not addressed; no concrete steps or initiatives were provided for supporting businesses facing financial distress.
Broad Statements Without Specifics
Response accuracy