|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.
|BEST RETAIL GROWTH Shoppers delivered the strongest growth in retail sales in 14 years last month with households shrugging off Brexit-related gloom. Sales were up 7.4% on October last year, well above forecasts of 5.3%, making it the best month since April 2002. Consumers have now delivered 42 consecutive months of year on year growth, providing the back bone for the economic recovery.
ECONOMIC GROWTH The third quarter reading for GDP showed that the economy had grown by a forecast-busting 0.5%, led by expansion in the services sector.Total industrial production, which measures the output from factories, chemical plants and oil rigs, dropped by a disappointing 0.4% month on month in September. As industrial output makes up only 15% of the economy, is fall will not be enough to cause the GDP figures to be revised down.
MANUFACTURING Manufacturing expanded at the fastest rate since April in September with no sign of a Brexit blow or boost, but a dive in the oil and gas sector meant that figures for wider industrial production were disappointing.Total industrial production According to the Office for National Statistics, manufacturing rose by 0.6% in September compared with the previous month, beating economist expectations of a 0.2% increase.
NEW JOBS More than 100,000 people found jobs between May and August as businesses shrugged off Britex fears and continued hiring in the two months after the European Union referendum. Employment remained at a record high of 31.8 million, the unemployment rate was at an 11 year low of 4.9% and wage growth was steady at 2.3% in a surprisingly resilient jobs market for the three months to August. Nick Palmer of the Office for National Statistics, said that official data suggested "continuing confidence in the economy" during the summer and after the vote. The 74.5% employment rate is a record high, vacancies are holding up at 749,000 and almost all the 106,000 jobs created were by companies rather than self-employed.
CONSTRUCTION INDUSTRY The Markit/CIPS construction managers index hit 52.3 for September, up from 49.2 in August and a notable bounce from July, when it plumbed 45.9. Any reading above 50 indicates growth.
HIGH STREET OPTIMISM Optimism among British households has rebound since plummeting after the Britex vote, with consumers feeling the most upbeat about their personal finances and economic situation since June. The closely watched GfK consumer confidence barometer showed an increase of six points in September, rising to -1 the same level seen in June before the referendum. This marks a sharp turnaround from July, when the overall reading fell to -12 the sharpest drop since March 1990. Consumer optimism surrounding the general economic situation for the next 12 months rose 13 points between August and September, although it remained at a negative score of -9. British consumers were more upbeat about their personal financial situation however, rising 3 points over the month to a score of 7.
EMPLOYMENT Employers are adopting a "business as usual " approach to hiring and investment since the referendum, despite confidence failing over the past three months. A quarter of employers plan to increase the number of permanent staff that they take on in the next three months, while 64% expect to maintain existing numbers, a report from the Recruitment and Employment Federation says. Only 3% of employers expect to reduce numbers between now and October.