Uncertainty may impact infrastructure decision-making
24 June 2016
Malcolm Bairstow, EY UK Infrastructure Leader, comments: “With infrastructure so crucial to the UK’s growth ambitions, there will now be nervousness. There is likely to be a period of uncertainty which may impact decision-making around projects and overseas investment while details are thrashed out between the EU and the UK government.
“The industry may face challenges in exporting skills and expertise in engineering and consulting services if the pound weakens and if there are barriers to the European market.
“A significant proportion of the UK’s builders and construction labour is sourced from Europe and there will be uncertainty over what happens next. If we start to see a movement of these workers out of the UK, this would inevitably cause a slow-down in construction and house-building which could also have a significant impact on development across the country.”