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MSE News: Faster growth boosts recovery hopes

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
edited 1 November 2011 at 10:34AM in Budgeting & bank accounts
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


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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.

Comments

  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    Can someone explain to me why we need GROWTH.
  • I_luv_cats
    I_luv_cats Posts: 14,457 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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?
This discussion has been closed.
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