|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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CHRISTMAS RETAIL BOOST Advanced Christmas shopping boosted retail sales last month, despite the tightening of restrictions to curb Covid-19, with retail sales in October being 5.8% higher than previous year.
CONSUMER CONFIDENCE Consumer confidence deteriorated this month as the second lockdown caused households to re-evaluate their finances, a closely watch survey suggests. GFKs consumer confidence index dropped to its lowest level since the spring after the government imposed a month-long lockdown in England. the index fell by two points to -33.
FEARS OF DOUBLE-DIP RECESSION The economy grew by a record 15.5% in the third quarter but official figures showed that the recovery was running out of steam even before the second lockdown started 5th of November. GDP grew by 11% in September as the rebound petered out. Growth was 9.1% in June, 6.1% in July and 2.2% in August. At the end of September, the economy was still 8.2% smaller than it was before the pandemic. Economists are now warning of a double-dip recession over the next six months in the UK and the eurozone, where lockdowns have been reimposed.
ONE IN EIGHT SHOPS CLOSE More than one in eight shops are in limbo after temporarily closing for the first lockdown in March and failing to reopen, according to a report. A total of 5,552 shops remain closed with little clarity over their future, underling the uncertainty facing the retail industry, an analysis by the Local Data Company and the accountancy firm PWC found. .
HOUSE PRICE SET TO SLOW House prices rose at their fastest annual rate in more than four years last month, but the market is starting to lose momentum, a survey has suggested. Property values rose by 7.5%, according to the Halifax house price index. This was up from 7.3% in September and was the fastest growth rate since June 2016. The average price of a home in Britain was said to be £250,457. Signs of a slowdown have started to appear. Between September and October house prices rose by0.3%, the weakest growth rate in four months and smaller than the 1.5% registered between August and September..
SLOWING SERVICE SECTOR The service sector stagnated last month even before a second lockdown was imposed in England, a survey has suggested. The IHS Markit/CIPS services purchasing managers index fell from 56.1 to 51.4, its lowest reading in four months. The index slipped closer to the 50 mark that separates growth from contrition."October data indicates that the UK services sector was close to stalling even before the announcement of a Second lockdown in England. Tim Moore", economist at IHS Markit said."The UK economy seems on course for a double-dip recession this winter and a far more challenging path to recovery in 2021".
DEBT PRESSURE GROWS ON STRUGGLING COMPANIES Businesses have borrowed more than £50 billion through government backed loans since march. Treasury figures suggest that 1.2 million businesses have drawn on support. As of August 2, they had borrowed £50.69 billion, up from £49.3 billion the previous week The figures will fuel concerns that companies are taking on too much debt. Economists have said that many businesses will struggle to repay their debts if the economy does not recover quickly. GDP rebounded by 1.8% in May after sinking by 20.4% in April. Hopes of a so-called V-shaped recovery have all but vanished