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.