“Without skilled labour from the EU, the skills shortages we face would be considerably worse, and it is not in anyone’s best interest to pull the rug out from under the sector by introducing an inflexible and unresponsive immigration system,” he said.
The UK construction industry is asking its highly valued EU workers, who might be travelling home for Christmas, to please come back after the Christmas break, according to the Federation of Master Builders (FMB).
The future of Vauxhall’s Ellesmere Port factory is threatened by high manufacturing costs and Brexit, according to owner PSA Group CEO Carlos Tavares. Tavares said Ellesmere Port’s manufacturing costs are double that of PSA’s Sochaux factory in France. “This is striking because the best, most cost-competitive place to make cars in Europe is not France...
“Developers in central London continue to take stock of the current market dynamics, recognising a number of disrupting factors such as costs, Brexit uncertainty and the pace of workplace change,” Shaun Dawson, head of insight at Deloitte Real Estate, said.
Plans to build 300 social homes, an upgrade to the London Underground and support for economic development in the northeast are among public sector projects worth £1 billion put on hold because of Brexit.
“Scottish firms are facing considerable constraints through the growing scarcity of skilled tradespeople. When you pile on material prices increases, following the EU referendum, there is considerable upwards [cost] pressure on small building firms and it’s taking its toll on growth.”
The headline reading on the Markit/CIPS UK construction PMI report fell to 48.1 last month from 51.1 in August. That places the industry below the 50-point mark separating growth from contraction and misses a forecast of 51 by economists in a Reuters poll.
Official figures show fourth straight month of contraction in construction sector. Output declined by 0.9 per cent in July, compared with the previous month. Analysts were expecting the industry, which accounts for about 7 per cent of UK national income, to contract by 0.2 per cent.