Depression, slump, recession, inflation?

It is sometimes better not to read the newspapers because they are so depressing. One article, which cheered me up was one by the excellent Brian Tora in a recent moneymarketing.co.uk. The article reviewed the financial crisis but concluded that it may be a once in a lifetime crisis, but that we would get through it. Tora says that overborrowing is at the root of the crisis.
In London, the Government is frantically trying to work out what the Germans said about their deposit guarantee while hinting that it might take equity stakes in banks as part of a recapitalisation effort. There has been criticism that the Gordon Brown government has reacted in a piecemeal fashion to the problems of the banks. However, Brown has probably tried hard to get an European Union solution but will have to take local measures on deposit guarantees following in line to the Irish, the Germans, the Scandinavians etc.
Meanwhile, I have never been to Coventry but it has a range of local accountants to help your needs. they include the firm Fox Evans (www.foxevans.co.uk). The firm offers services to a wide range of businesses and individuals.