All political parties must work together to deliver Brexit

The National Federation of Builders (NFB) believes that the House of Commons needs to work in the national interest to deliver Brexit.

This is in response to the European Council granting the UK an extension to Brexit until 31 October 2019. This means that the UK will remain a member of the EU for at least another 203 days and will have to hold elections to the European Parliament on 23 May 2019.

This is the second extension request granted by the EU, which became necessary after the Government was unable to get the withdrawal agreement approved by the House of Commons on three separate occasions.

The NFB has already expressed how leaving the EU without a deal could damage the UK construction industry more than the financial crisis of 2008, when 250,000 construction jobs were lost.

While the short-term danger has been averted, this further extension does nothing to dispel long-term business uncertainty in the construction industry and the economy at large.

Richard Beresford, chief executive of the NFB, said: “Brexit uncertainty cannot go on forever and we need all parties to set aside political differences and deliver a withdrawal agreement that restores certainty to the construction industry, to the country and our standing on the world stage.

National Federation of Builders

The National Federation of Builders is a United Kingdom trade association representing the interests of small and medium-sized building contractors in England and Wales.

You May Also Enjoy

Breaking News

House price growth remained subdued in July

UK annual house price growth slowed to 1.8% in July, from 2.2% in June House prices were up 0.1% month on month Average time in a home is 14 years: 24 years for those owning outright and 5 years in private rented sector Three quarters of moves were within same tenure type in 2024/25 Headlines…
Read More
Breaking News

Rent hikes and tighter tenant checks as landlord costs climb

Rising costs are prompting 63% of professional landlords to raise rents, prioritise lower-risk tenants and reassess portfolios Renters face a more expensive and more selective rental market as professional property investors respond to re-emergence of realistic gilt yields, rising operating costs and regulatory change by increasing rents and reassessing tenant risk and selection criteria, according…
Read More
Rightmove logo
Breaking News

North-South divide for time to move as Londoners see longest wait

New analysis reveals a north-south divide in the time it takes to move home: In London it takes 174 days on average to go from agreeing a sale to completing a move, whereas it takes 141 days in the North East Scotland is the fastest part of Great Britain at 98 days, due to the…
Read More
Letting Agent Talk

Dispelling the top five biggest letting agent myths

By Sophie Danes, Group Director of Property Management, Lomond   This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is…
Read More
bank of england interest rate
Breaking News

Bank of England Holds Interest Rates at 3.75%

Colleen Babcock, property expert at Rightmove says: “There’s stability for now as the Bank of England holds its Base Rate as widely expected. We’ve seen average mortgage rates increase over the last few weeks as geopolitical tensions have escalated, and the average two-year fixed rate is currently coming it at 5.11%. For broader context, this…
Read More
New Builds 2020
Breaking News

Average new-build value to surpass £400,000

The latest research from UK Property Development has found that the average price of a new-build home in England is on course to exceed £400,000 by 2027, having risen steadily over the last decade alongside sustained growth across the wider British market. The research analysed average new-build house price data across Great Britain and its…
Read More