|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.
|INFLATION DIP Inflation dropped below 2%, to 1.8%, in January for the first time in two years as the energy price cap lifted household incomes.The dip in inflation will be welcome news fro cash-strapped households lifting real earnings. With average earnings rising at about 3.4% a year, the data suggests that incomes after adjusting for inflation are now growing at about 1.6%, the fastest pace since before the 2016 referendum on EU membership.
SHRINKING ECONOMY Britains economy slowed almost to a halt at the end of last year, with a collapse in trade, manufacturing and business investment, according to figures from the Office for National Statistics. In 2018, the UK grew 1.4%, down from 1.8% in 2017, making it the equal weakest year since 2009.
BUILDERS HIT BRAKES Uncertainty about Brexit has pushed growth in the construction sector to its weakest level in ten months, a survey has found. The purchasing managers index for the industry slid from 52.8 in December to 50.6 last month, its worst level since the industry was hit by snow last March. It missed the 52.4 expected by economists. A figure above 50 indicates growth.
INSOLVENCIES AT HIGHEST The number of personal insolvencies in Britain hit its highest level for seven years in 2018 while the number of company insolvencies was the most for four years. Corporate insolvencies rose on the back of an increase in the number of high street retailers going into administration. Toys R Us, Poundworld, Mapland and HMV were among the 16,090 companies that collapsed. As many as 115,299 people in England and Wales went through insolvency proceedings during 2018, according to the Insolvency Agency.
. EMPLOYMENT AT HIGHEST Employment is at its highest since records began in 1971. According to the Office for National Statistics, employment rose by 141,000 to 32.5 million in the three months to November, while unemployment rose by 8,000 to 1.37 million, 68.000 lower that a year ago. The jobless rate is 4%, the lowest since 1975.
UK PRODUCTIVITY Britains productivity problems show little sign of ending after output per hour fell to its weakest level in two years. For the three months to September, productivity was only 0.2% better than the same period last year, the Office for National Statistics said. It was the worst annualized rate of growth since the third quarter of 2016.Britain has seen barely any productivity growth since the end of 2007, after enjoying growth of about 2% in the preceding decade.
NEW CAR SALES Growth in new registrations of hybrid and electric cars has slowed to a snailís pace, latest figures show. New car sales fell 6% to 2.54 million in 2017. Th Society of Motor Manufacturers and Traders said that the slump had been driven by a 30% collapse in diesel sales, down by 315,000 cars to 750,000 in 2018.However, hopes that hybrids, plug-in hybrids and pure battery-electric vehicles could begin to pick up the slack have come to nothing. Alternative fuel vehicles make up only 6% of the market, even though sales in the year rose by 20% from 116,000 to 141,00.
HOUSEHOLD DEBT JUMPS Britain is facing a borrowing time bomb with the average household now shouldering a record £15,385 in unsecured debt, according to to TUC. An analysis by the trade union federation found that total unsecured debt through credit cards, loans and overdrafts was almost 50% higher than the personal debt mountain that preceded the 2018 economic crash. Total unsecured debt rose to £428 billion in the third quarter of 2018. The average household debt of £15,385 is up £886 in a year. Unsecured debt as a share of household income is now the highest yet, at 30.4%.
HOUSE PRICE BREXIT BREAKS House prices are rising at their weakest pace in six year after uncertainty created by Brexit talks led to a noticeable slowdown in December, according to Nationwide. Growth was only 0.5% last month, down from 1.9% in November and the slowest rate since February 2013.Resent surveys have indicated that concerns about the impact of Britains exit from the European Union have unsettled households and businesses. In the Bank of Englands worst-case scenario, a disorderly no-deal Brexit would to a 30% fall in house prices, interest rates of 5.5% and a greater economic contraction than after the 2018 financial crisis.