“Businesses have been let down by Labour. This report shows that they got less than £1 for every six that ministers announced.
“The Government was asleep at the wheel just as the economy was driven off a cliff.
“There weren’t even any plans on the table to help business until October 2008 despite clear signs of the credit crisis in the summer of 2007.
“Ministers were left playing catch-up and it’s no wonder that schemes like the trade credit insurance top up were abject failures.”