The construction industry post Brexit: a snapshot – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

The construction industry post Brexit: a snapshot How can the sector overcome the challenges of Brexit?

The Guest Essay

Cranes outlined against the sunset

Recently Chancellor Philip Hammond announced a £31 billion fund to increase capital expenditure in the field of housing, research and development, and economic infrastructure including transport and digital communications. This fund has been announced with the pledge to ‘invest today for the economy of tomorrow’. Of the £31 billion, £11.5 billion is demarcated for housing, £7 billion for R&D, £4.9 billion for transport and £740 million for digital infrastructure to be spent between 2017-18 to 2022-23. With almost 37% of the fund demarcated for housing, this is a specific move to give boost to the UK construction industry which has been on a consistent recessionary path.

Post financial crisis, declining productivity in UK in comparison to its other trading partners such as France and Germany, has amongst other sectors of the economy also had an impact on the construction sector. An effective solution is in the form of automation which promises to increase productivity and improve efficiency, however it comes with its own set of challenges. An important question at this point is: how has the industry performed and what do experts propose on dealing with its most pressing issues?

The Guest Essay

About Tehreem Husain

Tehreem Husain

Tehreem Husain is a doctoral candidate at the UCL Bartlett School of Construction and Project Management. She is a regular columnist for the business pages of Pakistan's English daily newspaper, The Express Tribune, and is a blogger for Huffington Post UK. Before moving to the UK, she worked as an economic analyst at the Monetary Policy department of the State Bank of Pakistan, the country's central bank.

Articles by Tehreem Husain

Subscribe to our magazine now!