Construction facing a skills 'Brexodus', says new T&T report

By Hamish Champ2018-07-06T06:00:00

Two construction workers with back to camera

Source: Shutterstock / Mavich Stock Man

Two years after the EU referendum the sector is facing a skills shortage watershed

The London construction market is facing a ‘Brexodus’ of talent, according to a new report from consultant Turner & Townsend.

T&T’s second quarter market intelligence report said the industry was “caught in a double bind – weak demand as clients defer investment decisions, and a long-term skills shortage which is driving up labour costs and slicing into contractor margins.

“Two years on from the Brexit referendum, the skills shortage is at a turning point. An exodus of foreign-born workers and a demographic time bomb threaten to shift the skills crisis from serious to chronic.”

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