UK stocks are taking a bit of a battering today.

The FTSE is down 7 per cent this morning and so UK stocks are taking a battering.
Royal Bank of Scotland is down almost 15 per cent to 81 pence. This is despite the UK government bailout plan, which was allegedly leaked by the authorities earlier in the week and which put bank stocks under so much pressure. These stock market falls will affect the plans of many small investors. Ages ago I saved in a long-term investment plan for college education and I think the value has just been
shredded. I suppose I could resume investments but the British stock market is (was) quite dependent on the high dividends paid by the banks. This was especially true with income funds.
Meanwhile, if you need an accountants in Bromley there is the local firm Hammonds (www.hammondsaccountants.co.uk)
There has been some quite positive comment on the UK government bailout plan, which is seen as more comprehensive than the US one. Perhaps Gordon Brown and Alistair Darling should be applauded but they are responsible for the tripartite regulation of the banking sector, which has unnecessarily complicated matters.