Total shortage of workers in the construction industry – one of the effects of Brexit

A study on the potential impact of Brexit on the housing market in the UK was carried out by Cambridge Econometrics.

In his report, of passage the study, the company fears that the market of real estate of great Britain threatens stagnation and explains it the following way: the amount of new housing under construction can be dramatically reduced due to the acute shortage of manpower. The lack of professionals in the construction industry will amount to 43,000 across the UK by 2019, only in London will be a lack of 5000 construction workers. Even if we consider the soft Brexit scenario, the shortage of workers in construction will be 18,000 in the UK and 2,000 in London.

Skilled migrants play a huge role in the UK economy, and what the script output of the United Kingdom from the European Union not to consider, in any case, we should expect a negative effect on the economy as a whole and for the construction industry in particular.

Uncertainty about the availability of staff required may impact on the investment climate. Major infrastructure projects such as Crossrail and HS2 , which are constructed in conjunction with the European banks could lose their investors if there is no clear understanding of how the implementation of these projects, including a clear prediction about the workers, capable of implementing the project.

The government of London already focuses on training for the construction industry, however, it is clear that the training needs a lot of time and money, and a shortage of workers increases every day. During the negotiation process of Brexit it is necessary to pay special attention to the migration policy of great Britain, in order to take into account the peculiarities of the British economy and its need for qualified personnel.

® Alice Morgan. 22.01.2018 G.

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