Despite all the fuss about ‘Blue Monday’, there are a few more positive notes for the UK economy at the start of this week. In a recent GMI survey of 900 UK small businesses made available by Close Brothers Asset Finance, it was announced that 56% of UK based SMEs have found that the EU referendum has had no impact on their business dealings as they continue to battle against the odds. Mr. Trump appears to be praising the ‘bravery’ of businesses and voters, rewarding the UK with a potential trade deal between the two countries. So hopefully, we’ll be seeing that the economy shifts into gear sooner rather than later.
It was also announced that 76% of SMEs have not delayed investment because of the referendum, which is obviously is good news for us! Everyone at BFS and everyone we work with will welcome any UK businesses investing because in turn, it will give a huge boost to all of us involved in vehicle and asset finance and we look forward to it! There seems to be more and more proof that UK businesses aren’t giving up anytime soon as they continue to fight this negative economy.
Here at BFS, we have another busy week ahead. The arrival of the Aston Martin DB11 by dealers has prompted an influx of enquiries for finance packages. We have also been working on a funding package for a client that locates digital advertising screens. Just one of the many assets we continue to help fund!