|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.
We are authorised and regulated by the Financial Conduct Authority (FCA)
Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
Created and Maintained by Aztech Business Systems Ltd.
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BRITAIN FORECAST FOR IMF TOP ECONOMY Britain is forecast to be the worlds joint fastest growing advanced economy this year thanks to the rapid vaccine programme and financial support for households and businesses. The international Monetary Fund has upgrade UK GDP more than any other country. It said the UK will grow 7% this year, revised from 5.3% in April, making it the fastest expanding G7 economy alongside the United States.
EMPLOYERS HIRING SPREE Employers brought 356,000 people back to work between May and June, the largest monthly increase since the pandemic began, as the economy bounced back with the easing of lockdown. Payroll data showed that 650,00 jobs had been created since March, before restrictions were relaxed. The numbers remain 260,00 below pre-coronavirus levels, however, with a total of 28.9 million on payrolls, the Office for National Statistics . Economists said "that the jobs market was well on its way to recovery" .
FASHION SPENDING Retailers enjoyed a bounce in sales last month as consumers took advantage of looser restrictions to hit the high street. Sales rose by 13.1% in June compared with the same month in 2019, according to the retail sales monitor compiled by the British Retail Consortium and KPMG. This was up from 10% in May. Growth was driven by non-food items, such as clothing and footwear. In the three months to June no-food sales increased by 12.4%, while food sales eased back to 7.9%.
COMPANIES GETTING BACK TO BUSINESS The labour market is getting back on its feet as businesses start trading again as furloughed employees return to work. Figures from the Office for National Statistics suggest that the percentage of businesses now trading has increased to 87%, the highest proportion since comparable estimates began in June last year, with another 3% intending to resume trading in the next fortnight.
CASHLESS SOCIETY Britain will be almost cashless by 2024 as the pandemic fuels a permanent shift in consumer habits, a payment firm has predicted. Worldpay said that it expected only 7% of instore purchases in the UK to be made using cash in three years time. Cash payments by number fell to 13.4% of sales last year from 27.4% in 2019. Growing use of debit and credit cards with contactless features and payment phones has swept away use of notes and coins, a trend accelerated by Covid restrictions in shops.