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London looks likely to be hardest hit by the ill effects of Brexit, especially if we end up leaving the EU without a deal
The only real certainty over Brexit is the sheer uncertainty surrounding this step into the unknown, as Britain prepares to become the first ever country to leave the EU.
Two years after the referendum in which the nation voted to leave, the government has yet to strike an exit deal with the EU and is increasingly talking about a no-deal Brexit as a real possibility. With time running out to come to an agreement with the EU, last week the Cabinet met for what amounted to crisis talks over what to do in the event of such a scenario.
The reality of Brexit is now just six months away, and construction industry figures are warning that London is set to take the brunt of the impact in what could be the biggest challenge to the sector since the 2008 financial crash.
“If we ended up without a deal of any sort then the possibility exists that there could be a real hiatus in activity in London”
Rudi Klein, Sec Group
Not only does the capital account for a huge chunk of UK construction activity, magnifying any negative effects on the industry there, but it has a disproportionate number of overseas workers. So, how worried should we be?
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