Labour Research December 2016


Investment slowdown

Construction union UCATT says the uncertainty created by government inaction and the disappointment in the industry at the Brexit vote is causing a slowdown in investment, as developers hold back on new projects.

Figures released by the Construction Industry Training Board (CITB) show a 0.5% slowdown in industry output since June.

UCATT acting general secretary Brian Rye said: “This trade union always said the impact of Brexit on the UK’s construction industry would be detrimental, and we are now seeing the first signs only a few months after the vote to leave the EU.”

He added that government needs to invest in social housing and infrastructure to try to bolster the construction industry, and that many more apprentices need to be trained.