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Building a Better Future for the Construction Industry

Industry Warns ‘No Deal’ Brexit Could Cost UK Economy £12 Billion   16th August 2019

CECA has joined with the Association for Consultancy and Engineering (ACE), Build UK, the Construction Products Association and the Federation of Master Builders in writing to the Prime Minister to warn that a ‘no deal’ exit from the European Union could cost the UK economy as much as £12 billion.

The letter states that “Our forecasts show that with a deal in place and a smooth Brexit, construction output would rise by over £1.2 billion by the end of 2020. Leaving in an unplanned way with a No Deal Brexit however could lead to a fall of £10.5 billion over the same period, with the greatest impacts felt on the house building and commercial sectors.”
  

 

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