The construction industry has been left in a state of shock as we ponder the obvious exposure and vulnerability as a result of the hung parliament and general indecisiveness about the future of the United Kingdom according to the FMB.
Brian Berry, chief executive of the FMB, said: “The surprise General Election result has left key business sectors nervous with no one political party securing enough seats to form a majority government.
“The construction sector is particularly vulnerable to dips in consumer confidence brought about by political uncertainty and therefore it’s crucial that this uncertainty is minimised.”
Berry concluded: “In the longer term, there could be a potential silver lining for the business community as the prospect of a hard Brexit now seems less likely.
“Theresa May stood on a hard Brexit platform and she has clearly not been given the mandate to approach the negotiations in this way. Brexit is inevitable but the election result will surely have a significant impact on the shape of the Brexit deal we end up with.
“This could be a positive for business leaders who are concerned about a broad range of issues – for the construction sector, our greatest concern is that the flow of migrant workers might be reduced too quickly and before we are able to put in place a framework for training sufficient UK workers to replace them.”