Britain’s relationship with the European Union has always been one which is complicated and full of detail. Now that the country has decided to break-away from the EU, the situation has become even more complex and uncertain, where many would have preferred clarity and cohesion in our precious economy.
With regards to Brexit affecting the Construction Industry, the word of the experts is pretty inconsistent. According to the Independent, spending in the Infrastructure Sector nosedived by a massive 20% , while The Telegraph claims that the construction industry ‘ stays strong ’ in a post-Brexit Britain.
BD Online have published a very useful ‘ Brexit Survival Guide ’ for the construction industry, providing a calm and collected view on what firms should do during these unprecedented times of uncertainty.
The most reliable source of indication, comes courtesy of Timetric.com, who have published figures regarding the growth of the construction industry – indicating a sharp decrease in growth from 3.8% to 1.5% during the 2016-2017 period.
The only thing that is clear at this stage is that no-one can be sure of what the future holds for British construction.
At MCG Construction, we value the opinion of our industry experts, therefore we recommend utilising the above resources and the wealth of information present on the internet.
