MSE News: Faster growth boosts recovery hopes

Former_MSE_Guy · 1 November 2011 at 11:25AM

This is the discussion thread for the following MSE News Story:

"UK economic recovery hopes were boosted today when figures revealed the pace of growth accelerated faster than expected ..."

Read the full story:
Faster growth boosts recovery hopes

This thread is not in the 'debate house prices and economy' board as that board requires you to be a member and those coming from the news story may therefore not have access.

Ken68 · 1 November 2011 at 1:20PM

Can someone explain to me why we need GROWTH.

I_luv_cats · 1 November 2011 at 1:25PM

Ken68 wrote: »

Can someone explain to me why we need GROWTH.

If businesses are turning over more money - it could mean more taxes to the Gov., less unemployment, less Gov. borrowing, more confidence.

BUT remember the figure could still be revised (downwards?)

JimmyTheWig · 1 November 2011 at 1:36PM

Ken68 wrote: »

Can someone explain to me why we need GROWTH.

Is it because (and I really don't know if this is the reason or not) that there is a tendency for the rate of profit to decline.
Therefore the system needs growth to maintain the same level of profits?

MSE News: Faster growth boosts recovery hopes

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