10th Annual International Conference on Industrial Engineering and Operations Management

BREXIT: Assessing the Impact on the UK Construction Industry & Mitigating Identified Risks

Danielle Smith, Vian Ahmed & Sara Saboor
Publisher: IEOM Society International
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Track: Construction Management
Abstract

The United Kingdom construction industry acts alone as a substantial contributor to its economy by contributing about £113 billion to the UK economy, 6% of total economic output in the year 2017. Being a key indicator of a nation’s stability, it’s one of the first industries to feel any ramifications, and ordinarily one of the last to recover. Therefore, makes it crucial to ensure the economic stability of the UK. The industry to maintain this level of input to the economy relies heavily on migrant labour, EU funding, materials, and supply chain to deliver many key infrastructure projects. However, Brexit vote has unwrapped complex economic, political and legal consequences with provisional uncertainty in key areas. Thus, making it pertinent to discuss and evaluate the potential implications that Brexit may have on the UK construction industry. Therefore, a mixed-method approach is used to explore the stakeholders’ perspectives and concerns in light of the challenges and prospects that Brexit may bring further aiding in to establish and provide recommendations on key mitigation measures.

Published in: 10th Annual International Conference on Industrial Engineering and Operations Management, Dubai, United Arab Emirates

Publisher: IEOM Society International
Date of Conference: March 10-12, 2020

ISBN: 978-1-5323-5952-1
ISSN/E-ISSN: 2169-8767