Brexit bounce unlikely as uncertainty drags on, Arcadis warns

By Jordan Marshall2019-06-13T05:00:00

Consultant adds that skills shortages are pushing up wages

The UK construction market is continuing to tread water, with further delays to Brexit making a post-deal ‘bounce’ now increasingly unlikely, Arcadis has warned.

According to the consultant’s Spring Market View, the short-term inflation forecast has remained steady, sitting between at 2% and 3% to 2021, with many clients opting to take a ‘wait-and-see’ approach and sit-out the current political turmoil.

Arcadis said ongoing questions around political leadership and a potential election were affecting investment decisions, with business planning being hit by the uncertainty.

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