Tom Hall, Chief Economist at AMA Research was part of a panel debate on the main stage at UK Construction Week on Wednesday 9th October. The panel, chaired by BBC’s Steph McGovern, debated the current economic situation in a session called ‘Brexit – Boom or Bust? Industry economic forecast 2020’. Together with Tom, the panel included Professor Noble Francis, Economics Director from the Construction Products Association (CPA) and Lord Digby Jones, Cross Bench Peer and businessman from Digby Jones LLP.
This report, published straight after the debate, provides an informed and up-to-date situation analysis designed to provide readers with insight into the likely Brexit outcomes and their impacts on the UK economy. It will also assess the probable impact on the manufacturing and construction industries and propose mitigations to minimise disruption where possible.
£595.00
“Overcoming Brexit uncertainty – the impact on the Construction and Manufacturing sectors” considers the potential impact of Brexit on the Construction and Manufacturing industries, and proposes a procedure to assess and mitigate the possible impacts.
1. INTRODUCTION 5
2. POSSIBLE BREXIT OUTCOMES 6
2.1 BACKGROUND 6
2.2 PRE-EXISTING BREXIT STUDIES 6
2.3 UNDERSTANDING THE EFFECTS OF BREXIT 7
2.4 BREXIT DEAL SCENARIOS 7
2.5 NO-DEAL BREXIT SCENARIOS 8
2.6 THE UK ECONOMIC ENVIRONMENT UNDER THE BREXIT SCENARIOS 11
2.6.1 GDP 12
2.6.2 Unemployment 13
2.6.3 Inflation 14
2.7 SUMMARY OF THE ECONOMIC IMPACTS 15
2.7.1 A Brexit deal 15
2.7.2 A no-deal Brexit 15
3. ASSESSING THE IMPACT FOR CONSTRUCTION AND MANUFACTURING COMPANIES 16
3.1 IMPACTS UNDER A NON-DISRUPTIVE BREXIT DEAL 16
3.1.2 Short-run impacts 16
3.1.3 Longer-term impacts 16
3.2 IMPACTS UNDER A NO-DEAL BREXIT 17
3.2.1 Immediate impacts under a no-deal Brexit 17
3.2.2 Subsequent impacts 21
4. MITIGATING THE BREXIT RISK 23
4.1 ASSESSMENT OF RISKS 23
4.2 CONSIDER MITIGATING STRATEGIES 23
4.3 FINANCIAL RESILIENCE 24
4.3.1 Labour 24
4.3.2 Contracts 24
4.3.3 Capital reserves 25
5. CONCLUSION 26
6. REFERENCES 27
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