Commenting on the retail sales figures for October, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:  

“These figures were stronger than expected and support our assessment that the economy will continue to grow in the fourth quarter of 2010. But there is no room for complacency. The increase in October comes after two monthly falls, and the figures may be artificially inflated by people bringing forward purchases ahead of the VAT increase in January.    

“With businesses and consumers continuing to face pressures, it remains important to do everything possible to minimise the risks of a setback next year when the deficit-cutting plan starts to bite. The Government and the MPC must focus on nurturing the economic recovery.”