Despite the political uncertainty generated by Brexit, UK construction firms have urged the government to carry on with important infrastructure, housing, and skills development projects.
Scottish house builders assert that the construction industry’s ability to offer long-term employment depends on the government’s ongoing support for labour-intensive projects.
The Scottish Building Federation (SBF) delivered this message when its most recent quarterly survey revealed that last week;s Brexit vote left Scottish construction firms at their lowest confidence levels in three years.
Sixty-five construction firms throughout the country were surveyed by the Scottish Construction Monitor. When members were allowed to update their opinions after the referendum, it dropped to -19, which is a 22-point decrease.
The survey suggests that confidence across the industry has been deteriorating over the past year. The peak reading of +35 in the second quarter of last year went down to +3 in the first quarter of 2016 before sliding even more as Brexit approached.
This is the first time that a negative confidence rating among construction employers has been recorded by the Scottish Construction Monitor since the second quarter of 2013.