Interest rate fears

The figures, which took analysts and experts by surprise, showed sales up by 3.5% - the strongest monthly growth since 1986.

The figures were released the day after Mervyn King and the Chancellor both said the economy was slowing and that inflation was key to the UK’s recovery. King said that interest rates would be used to bring inflation back down.

While this means we won’t see interest rates reduce in the short-term, experts are now saying it may mean that rates have to go up.