Fears and confusion as political chaos leaves industry in limbo

By Tom Lowe2022-07-12T06:00:00

Worries grow over impact on spending plans

Uncertainty over the UK’s political direction following the resignation of Boris Johnson last week is making construction firms nervous and could impact the sector for months – or potentially years – to come, according to industry leaders.

Fears that a new leader could focus on short-term fixes to ease the cost-of-living crisis by cutting taxes, reducing infrastructure spending and abandoning net zero targets all mean construction faces a nervous wait for a new prime minister to be appointed. The leadership election is under way and Johnson has appointed an interim cabinet, but he has told its members that he will not implement any new policies during his remaining time in office.

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