Onrec logo The Online Recruitment Resource

Comment on GDP: "Consumer spending power is increasing as at last British workers are receiving long-overdue pay rises"

Andrew Hunter, co-founder of Adzuna, comments: “Consumer spending power is increasing, as at last British workers are receiving long-overdue pay rises. This is spurring spending in the service sector, and buoying a healthy housing market. The GDP figures reflect this financial freedom

Andrew Hunter, co-founder of Adzuna, comments: 

“Consumer spending power is increasing, as at last British workers are receiving long-overdue pay rises. This is spurring spending in the service sector, and buoying a healthy housing market. The GDP figures reflect this financial freedom.

“But productivity is also improving from the bottom up, and this will help propel future GDP figures forwards. Employers are investing in their current staff, raising their wages at last, as well as finally spending on the business upgrades they need to raise their game. However, this money must come from somewhere, and new workers are paying the price. Employers are spending less on recruitment, and advertised salaries are becoming less generous in some sectors.”


About Adzuna

Adzuna.co.uk is a search engine for classified ads used by over 5 million visitors per month which makes it easier to find the right job for you.  We search thousands of websites so you don't have to and bring together millions of ads so you can find them all in one place.  We add powerful search, insightful market data and social connections, so you can find your perfect job with a little help from your friends.

Adzuna’s data also powers the Number 10 Dashboard, used by the Prime Minister and senior officials to keep track of economic growth on a daily basis.

Adzuna.co.uk was founded in 2011 by Andrew Hunter and Doug Monro, formerly of eBay, Gumtree, Qype and Zoopla and is backed by leading Venture Capital firms Passion Capital, The Accelerator Group and Index Ventures.