As the 29th of March, the date the UK is scheduled to leave the European Union (EU), draws ever closer, talks between the British government and EU officials are still ongoing. Prime minister Theresa May has already failed to ensure an earlier deal she negotiated with the EU was passed through Parliament. Time continues to run out for her to broker another agreement that would be capable of satisfying the country’s representatives. Failure to do so may result in a so-called ‘no-deal Brexit’, in which the UK crashes out of the EU without any negotiated agreement, something many commentators have warned against.
Amidst this uncertainty about the direction the country will take, many sectors have seen setbacks to their growth in recent months. Among them is the construction industry, which saw its growth in January 2019 come to a near-standstill. The industry’s Total Activity Index fell to 50.6, meaning … Read the rest