Home  |  About us  |  Information &
publications
 |  Strategic
Forum
 |  Discussion  |  Links  |  News  |  Blog  |  Contact us

Building a Better Future for the Construction Industry

Brexit gridlock could cripple construction   21st March 2019

The NFB is seriously concerned about the consequences of leaving the EU without a withdrawal agreement. 

Leaving without well-defined transitional arrangements will leave the construction industry worse off than the financial crisis of 2008, which saw the industry losing more than 250,000 skilled workers.

With the UK currently importing 90% of its timber from the EU, construction SMEs will likely have to pay VAT upfront before receiving the material in the event of a no-deal Brexit. This could potentially lead to cash flow issues and delays in building homes at a time when the UK is still facing the most acute housing crisis since the end of the Second World War.

Richard Beresford, chief executive of the NFB, said: “With all the uncertainty surrounding the Brexit process, the construction industry needs politicians to work together and provide a clear direction so that businesses can plan ahead at a time when the country is suffering from an acute skills shortage.”
  

 

NEWS ARCHIVE Subscribe to the Construction Alliance News feed

27.2.19
Letter: Impact of a ‘No Deal’ Brexit on the Construction Industry
Dear Prime Minister, Whether a leaver or remainer, we all rely on the construction industry to provide and maintain our built environment, and leaving the EU without considered arrangements in place for the UK to trade across Europe is already damaging and hampering our ability to do business. More

26.2.19
NFB: PM’s offer to delay Brexit spells further uncertainty for UK construction
The prime minister has pledged that MPs will have three chances to vote on the next stages of the process to leave the EU. More

21.2.19
NFB: A third of councils are failing to tackle the housing crisis
The Government has released its housing delivery test results, which shows that a third of local authorities are failing to address the housing crisis. More

Latest More recent items Earlier items

divider
follow us on twitterfind us on Facebookwatch us on YouTube