Brexit

The UK’s European Union membership referendum took place on 23 June 2016, resulting in 51.9% of voters voting in favour to leave the EU.

The Prime Minister has stated she wants the UK’s exit from the EU to be beneficial to British businesses, allowing the maximum freedom to trade and operation in the single market, whilst still maintaining a fully independent country able to make its own decisions.

A great deal of uncertainty remains regarding the impact of the Brexit decision on the UK’s construction industry which is expected to have an impact on investor confidence especially in the short to medium term. The heightened political uncertainty has led to concerns that skilled labour from outside the UK will slow down, labour and material costs will rise and there will be increasing legislation on imports and exports

The government’s Brexit White Paper can be viewed here.