1. Christopher J Chivers | Greylough Ltd | GMIT 7th March 2017
BREXIT A European Conundrum and it’s specific impact on the Construction sector?
I must preface this talk by saying that these are my views and not a view expressed by the CIOB, the UK government or any other European government or government quango. However what they are is as a result of my research and from the information I have found it seems my views could be as valid as anyone else out there!!
So I’ll continue to explain my view
Christopher J Chivers | Greylough Ltd | GMIT 7th March 2017

2. 23rd June 2016 69% unsure what will happen
44% think Britain’s influence unchanged
40% think the economy will be worse off
57% think immigration would be lower
A large proportion of the UK nation were certain that thye didn’t know what would hppen

3. 24th June 2016 What have we done?
David Cameron gambled and lost
Wealthier households thought the economy would be worse and Britain would have less influence
Poorer households thought there would be no difference on the economy or Britain's influence
The financial markets were expected to fall
UK economy would be hit

4. Why did we do it? Reduce migrants claiming welfare benefits in Britain
Stop other EU nationals getting NHS treatment free
Reduce EU regulating companies and businesses
End the ability of EU to decide number of hours to work
End the automatic right of all EU citizens to live and work in Britain
Gradual erosion of national identity

5. Who voted for Brexit? Those in social housing Those in lower income
People with less educational qualifications
White ethnic background
Men more than women
Red top readers – power of the press
People living ‘well’ voted to Remain

6. Who voted for Brexit?-2 73% of the ‘older’ working population (16%)
75% affluent Eurosceptics (23%)
95% economically deprived population (12%)
Politically disengaged population rallied by Brexiteers
England, Wales voted Leave
Scotland, Northern Ireland voted Remain

7. What is going to happen next?
Britain will not remain in the single market
New migration controls
The fate of EU citizens in the UK is unknown
The fate of UK citizens in Europe is unknown
Britain will not be bound by the European Court of Justice
Britain still pays it’s share until exit

8. What is going to happen next? -2
European Bank for Reconstruction and Development – Eastern Europe will struggle most
Could join EFTA or the EEA!!
USA, Northern Ireland
IIEA view on life
Who really does know what is going to happen next?

9. Has Brexit affected the construction sector in the UK?
August PMI Index 49.2
September PMI Index 52.3
Resilience in the housing market
Upturn in civil engineering projects
Nissan announced new build vehicles in Sunderland
Japan’s Softbank invest in ARM holdings for £24bn – will double staffing in 5 years
GSK announced £275m investment
Any point above 50 denotes expansion

10. Has Brexit affected the construction sector in the UK? -2
UK Govt announced additional public funding for housing
McDonalds announce 5000 new jobs
More money could be available for infrastructure
December 2016 showed in one month a near doubling of of out at 1.8% against a prediction of 1%
October 2016 Govt announcements

11. Confused about where this might lead?
25% of London and south east UK construction workforce are EU nationals
3 million EU nationals live and work in the UK
There are not enough skilled tradesmen available
There is a shortage of quality technical staff
BUT

12. There are significant risks
Modern Slavery
Worker’s welfare
Margin’s hit as cheap labour disappears
Black market for those who might want to stay, withholding passports to stop people leaving.

13. Brexit impact on the construction sector
Any Questions?

14. Brexit impact on the construction sector
Christopher J Chivers
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