Brexit – UK construction firms report having almost a third less work in the pipeline than a year ago

News

Reuters report, citing an advance copy of data (annual survey of subcontractors by trade finance provider Bibby Financial Services,)

Subcontractors reported having 19 weeks of work to fall back on, down from 27 weeks a year earlier

  • Brexit and the collapse of larger contractors a major worry

 ”It’s been a tough year for the subcontracting sector, with the industry reeling from the collapse of two large high-profile contractors – and further impacted by the recent announcements regarding British Steel”, Bibby’s managing director for construction, Helen Wheeler

Brexit was the most commonly cited threat on the horizon, named by a quarter of firms

  • two thirds of the subcontractors said they had not prepared for it

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