Guide to spelling, punctuation and grammar

SPELLING  pp. 149–150
1. The reality of the situation is that the company is facing bankruptcy.
The shareholders are demanding action and the summoning of a
special general meeting. They believe that only by drastic
manoeuvres will disaster be averted. They claim that they have been
issuing warnings about this crisis for some time, but they have been
ignored. Whether or not the firm can be rescued is very much open
to question. The debts have mounted and the creditors are banging on
the door. Their demands have to be met as they were unaware of the
state of the business when they supplied their services and goods. 
2. A Euro is roughly equivalent to 70p. However, it is not its innate
value that many British people have reservations about. It is the
surrender of the British currency. Undeniably, this is partly due to an
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insular attitude to Europe. The ‘Little Englander’ stance is still very
prevalent in this island country. Whether this will change in the future
is open to doubt. Many factors can alter the political weather and
what seemed wholly unimaginable a year or so ago can become hard
fact overnight. It may be that the British people will give up their
resistance to the Euro and the pound will belong to the historical past.
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