Brexit stalemate and rising costs hit construction in first quarter

By Hamish Champ2019-05-08T05:00:00

The Construction Products Association says contractors’ margins have suffered

Risks to the UK construction industry of political stalemate over Brexit are being intensified by rising costs eating into contractors’ margins, according to the Construction Products Association.

Rebecca Larkin, a senior economist at the CPA, said confidence among consumers and businesses was low, reducing the amount of work feeding through to private housing activity and commercial work.

“These sectors require greater visibility over the economy’s future growth path to see projects get the go-ahead. By itself this raises concern over the extent to which the political stalemate over Brexit is affecting UK construction.”

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