|Welcome to Anglian Commercial Finance website - one stop shop for the financial activity of your business.|
|Anglian Commercial Finance is a one stop shop for the financial activity of your business.
We specialise in responding to the needs of small to medium sized businesses.
We can help you protect and grow your business using our individually tailored financial services to suit your particular needs, cost effectively and efficiently.
ACF works with you to understand your business and your customer expectations.
Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
Created and Maintained by Aztech Business Systems Ltd.
|RETAIL SALES REBOUND Retail sales bounced back in April
providing a glimmer of good news for the economy. Consumers spent £7 billion a week last month, official figures revealed, while sales volume rose 1.35% on the month. Alan Clark, an economist at Scotiabank, said that the panic about a wider consumer slowdown was over. "Despite the doom and gloom in the headlines, retail sales are in good shape. This marks a great start to the second quarter and could help to avert too much of a slowdown in GDP growth for the second quarter".
MANUFACTURERS UNEASY Manufacturing is in a period of "deep unease" and suffering its worst month in more than three years in April, as uncertainty grows over the European Union referendum result and demand at home and abroad continues to slow. The manufacturers purchasing mangers index dropped to 49.2 in April, the lowest level since March 2013 and below the crucial 50 mark that separates expansion from contraction. .
SLOWING GROWTH The economy lost momentum in the first three months of the year and remains reliant on the services sector to drive growth, office figures suggest. The Office for National Statistics estimated that GDP grew by only 0.4% during the period down from 0.6% in the final three months of last year. The growth was driven solely by output from the services sector, which makes up 80% of the UKs economy. and grew by 0.6% quarter on quarter. Industrial and Construction output fell by 0.67 and 0.9% respectively. Mining and Quarry sectors contributed most to the fall, by falling 2.2%, most likely because of the impact of the lower oil price
UK INFLATION UK Inflation as measured by the Consumer Prices Index rose to 0.5% in March, according to the Office for National Statistics. Inflation is now at its highest level since 2014, but it remains below the Bank of Englands 2% target, and the Bank has said it expects inflation to stay below the 1% mark this year.
CONSUMER CONFIDENCE Consumer spending, which has been rising on the back of low inflation and low borrowing costs, is barley moving upwards. Consumers spent 1.6% more in March than they did the same month a year ago, the slowest rate of increase in more than two years. Nearly one in two respondents to a Barclaycard survey said they were being more cautious in their spending now than they were only weeks ago.
EMPLOYMENT Britains job market shrugged off signs of a weaker economy as employment hit another record in January and the number of people claiming unemployment benefits fell to a 40 year low. Wages also started to creep up, despite near zero inflation. A net 116,00 people found work in the three months to January and the unemployment rate held steady at 5.1%, the lowest in a decade.