postheadericon UK Services Growth Dropped: Compare Merchant Services

The latest surveys concerning the October business activity show that Q4 has slowed down.Do you need to compare merchant services so to find the right option for your business? This article will help you know more about Brexit uncertainly and discover the best merchant services for your company.


UK Services Growth Slowdown

The services sector in the UK is the biggest contributor to the economic growth of the country. It’s comprised of hotels, restaurants, transport, and finance. Since March, the sector has registered the slowest growth pace.


According to economists, GDP growth will go down to 0.2% in Q4 of 2018, thus slowing down from nearly 0.6% in Q3. This will be disappointing for Theresa May as she’s focused on the negotiations with a withdrawal agreement from the EU.


When it comes to the pound, it went up by 0.4% against the dollar to $1.302 after a report stating that Theresa May was drawing close a deal concerning the leave from the EU.


According to the British Retail Consortium (BRC) and the accountancy firm KPMG, the growth in high street sales reached an annual rate of 1.3% in October, which had an increase of 0.2% in October 2017.


Based on the data from Barclaycard, which represents almost half of the UK’s credit/debit card sales, the ticket sales grew by 22.1% as compared with 2017. This was caused by the sale of Glastonbury tickets for 2019, after the music festival didn’t take place in 2018.


Compare Merchant Services to Find the Best

While the business activity in Britain is faced with the uncertainty stemming from Brexit, the worldwide economy is also experiencing slowdown amid the US trade dispute with China and Europe. Italy is engaged in a standoff with the EU over its budget. The economic growth in the eurozone fell to 0.2% in Q3. This has been the lowest level over the last 4 years.


How can you find the best merchant services UK so to be able to fight the current uncertainties? All you need is to turn to a respectable payment expert in the country that can compare merchant services and offer you the best. Make sure to work with a merchant services comparison company that provides free consultation and review of contracts, as well as rates, and fees.


Pay attention to whether the company checks all processors’ integration processes before offering you a deal. Otherwise, you may face additional payments because of misleading terminology, hidden costs, and deceptive sales tactics. Avoid working with a comparison company that can’t provide you with the most honest snapshot of companies at the time of writing.


The current situation in the country has put more wind in the sails of the campaign for a new referendum. 1.500 of the UK’s top lawyers and over 70 business leaders have signed open letters to Theresa May. They request a “people’s vote” amid warnings from the credit rating agency S&P that a no-deal Brexit is likely to end up with a lengthy UK recession.



Author Bio:Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry has helped thousands of business owners save money and time, as well as compare merchant services to offer only the best.

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