|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.
|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
MANUFACTURING OPTIMISM The manufacturing sector is being dragged down by weak export demand, but producers are optimistic about the future, despite uncertainty about the EU referendum, according to a quarterly survey of factory bosses by the CBI. It found more reporting a rise in factory output compared with those reporting a fall, the strongest result since last July. However, total new orders edged down, particularly in the food and drink sector, which was blamed on flooding, while domestic demand remained flat.
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.