Industry Leadership

Brexit

Overview

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.

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 CPA has been monitoring the impact of Brexit on its members and the wider construction industry since the referendum took place on 23 June 2016. This includes both the economic impact and the implications of Brexit on regulatory and policy frameworks.