Foresight sagas: construction has an immense challenge on its hands in 2019

Richard steer bw 2017

As we enter one of the most turbulent, uncertain years in our nation’s history, who would be brave enough to predict what’s in store for construction? Well, here goes…

This year promises to be one of immense challenge for all of us working in the built environment. It does not matter where you are based or what you do, the issue is one of confidence and whether we will see the UK market bounce back against an uncertain and unpredictable economic situation.

Brexit is at a critical stage and as you read this we are about to see parliament pronounce on any one of a number of options. Nobody except a select number of zealots or attention seekers really thinks that a “no-deal Brexit” outcome works. Last year I pointed out to Greg Clark, the business secretary, that Brexit had sucked confidence out of the market and it was costing us all money. This is nothing compared to the consequences that a no-deal Brexit would have, with draconian tariffs on raw materials, unwanted immigration curbs and a plummeting pound. Who wants to commission projects against that background?

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community