Commenting on the retail sales figures for September, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said: 

“Disappointing retail sales figures for a second month in a row highlight concerns over the strength of the UK recovery. While there is still some hope that the forthcoming GDP figures will officially confirm that the UK’s recession has ended, it is clear that that the risks of a double-dip recession remain serious, even if a fragile recovery is now under way.    

 "Given the weakness of the productive sector in the economy, countering the risk of a setback remains the key policy priority. There is clearly a strong case for the Bank of England to reinforce the QE stimulus and to stimulate bank lending.”