CHRIS Plant says it is 'great news' that the UK's economy is now bigger than it was in 2008, but has also called for growth to continue.
The director of the Burton Chamber of Commerce said there was 'no room for complacency' and that interest rates must remain low for as long as possible if the economy is to continue its recovery.
Gross domestic product in the UK grew by 0.8 per cent in the second quarter of 2014, taking it beyond the level recorded following the economic crash six years ago by 0.2 per cent.
Mr Plant said this would 'provide a shot in the arm for businesses and consumers alike'.
Manufacturing output also rose by 0.2 per cent in the second quarter of 2014, while construction recorded a fall of 0.5 per cent.
Commenting on the figures given by the Office for National Statistics, he said: "Without sustained action, these growth figures could be as good as it gets for the UK. The Government and the Bank of England must pull out all the stops to encourage business investment, help exporters and get finance flowing to growing firms who still aren't seen as a safe bet by the banks.
"While it is welcome news that we have surpassed the pre-recession GDP peak of 2008, this has occurred much later than in some of our major competitors, such as the US and Germany."