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3rd March 2017
Positivity ahead of the budget

With the Spring Budget on the horizon, we’re pleased to have seen some positivity when it comes to the financial and economical state of the UK, despite Brexit.  Continuous good news for the manufacturing industry as growth remains solid, and more backing for the UK from Range Rover to the super-rich in general, so read on to find out the latest this week.
 
Budget windfall expected 
A study from the Resolution Foundation think-tank has forecast that stronger tax receipts and the resilience of the economy in the wake of the Brexit vote will hand the Chancellor a £29bn windfall in next week's Budget.
The Daily Telegraph, Business, Page: 2
 
Range Rover commits to UK 
Jaguar Land Rover has confirmed that its latest model, the Range Rover Velar, will be built exclusively at its Solihull plant in the West Midlands – good news for the UK amidst Brexit uncertainty.
The Guardian
 
UK manufacturing growth remains solid 
British manufacturing growth slowed slightly last month, despite the weaker pound boosting overseas orders for the ninth consecutive month. IHS Markit’s manufacturing PMI eased to 54.6 in February, from a downwardly revised 55.7 in January, as domestic orders slowed. However, IHS Markit pointed out that the PMI was “firmly above its long-run average of 51.6” and signalled expansion in the sector for a seventh month following an initial shock after the Brexit vote. Rob Dobson, senior economist at IHS Markit, said the robust start to the year put the sector on course to grow by around 1.5% in the first quarter of 2017.
The Daily Telegraph, Business, Page: 3   
 
US and UK Markets hit record highs 
The pound fell below $1.23 for the first time since January 23 yesterday, on the back of a resurgent dollar, contributing to a fresh intraday record high of 7,383.05 for the FTSE 100. It closed at a new peak of 7,382.9, up 119.46 points on the day, while on Wall Street the Dow Jones crossed the 21,000 mark for the first time ever.
The Daily Telegraph, Business, Page: 1  
 
London will remain magnet for global super-rich
A report by Knight Frank has suggested that the global super-rich will continue to flock to London despite Brexit. The number of UK-based ultra-high-net-worth individuals (UHNWIs) - those with more than $30m in assets - is expected to increase by 30% to 12,310 over the next decade. Liam Bailey, Knight Frank’s head of research, said London would remain “the city of choice” for the super-rich from Asia and the Middle East which is great news for the economy.
The Guardian, Page: 28   The Independent, Page: 49
 
That’s it for this month’s financial summary, but there will be plenty to discuss after next week’s budget so look out for an overview from the Davenham team. In the meantime, if you have any queries regarding the above or how we may be able to support you through asset finance, don’t hesitate to get in touch on 0161 832 8484 or enquiries@davenham.co.uk. 
ASSETS FINANCED
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
TYPES OF FINANCE OFFERED
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
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Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ.
​Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
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Website designed by The VIVIDesigner
  • WHAT IS ASSET FINANCE
    • Case Studies
    • Testimonials
  • MEET THE TEAM
    • Careers
  • ASSET FINANCE SERVICES
    • Asset Refinance
    • Vehicle Finance & Refinance
    • Construction Finance / Plant & Machinery Finance
    • Machinery & Equipment Finance
    • Agricultural Finance
    • Printing Equipment Finance
    • Machine Tool Finance
    • Recycling & Renewables Finance & Lending
    • Finance Lease
    • Hire Purchase / Lease Purchase
    • Short Term Finance
    • Turnaround Finance
  • BROKERS
  • NEWS
  • CONTACT
  • MORE
    • Treating Customers Fairly
    • Home
Assets Financed
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
Types of Finance Offered
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ. Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  | Sitemap | Cookies Policy | Terms & Conditions

Website designed by The VIVIDesigner