How will Brexit effect British Construction

Even though Friday's result was determined by the vote of the majority, it has come as massive shock. Some are celebrating, some are infuriated and most of us are still trying to guess what will will happen next. Regardless of how you voted, in the coming months the country will have to come together and move forward.

The effects Brexit will have on the construction industry will no doubt be profound. We've collected the views of some of the leading figures in the industry in order to shed light on what is an unprecedented situation.

The Pros and Cons of Brexit for the Construction Industry

PROS	CONS
Less red tape for SME builders	Less say over EU trading standard whilst still having to comply with them
Widen the talent pool beyond the EU by targeting skill sets to fill the gaps in the industry	Increase skills shortage further due to barriers for EU workers
Invest in upcoming young talent from the UK to address the skills shortage	Increase in import and export duties and greater restrictions on movement of goods
A chance to negotiate a free trade deal with Europe to allow free movement of goods without the costs of an EU membership	Economic uncertainty could make it difficult to raise funds for new developments.
Greater flexibility in relation to environment and health and safety legislation	Property prices are predicted to fall by 10%

UK Construction Market Update - May

EU referendum uncertainty is stalling construction growth.

There are clear signs that uncertainty around the EU referendum is concerning businesses. The latest CBI Growth Indicator showed the pace of growth in output across manufacturing, distribution and service sectors for May 2016 was broadly similar, with a balance of 11% of firms reporting a rise in May 2016, compared with 10% in April 2016. Firms though are expecting to see growth again over the coming 3 months, with a balance of +13%, but expectations are well below the average seen over the previous three years (+26%).

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It's only been one match and a couple of arrests but it's worth having your Euro 2016 exit strategy ready! Should the worst come to the worst you're going to need a boisterous bar in which to watch your new adopted homeland...