NFB: Construction is key to a thriving United Kingdom outside the EU
The National Federation of Builders respond to the referendum result and urge the Government not to 'repeat past mistakes' by cutting capital spending to communities and local government.
The United Kingdom has officially voted to leave the European Union, following a referendum on the country’s EU membership terms held on 23 June.
Jenny Watson, chair of the Electoral Commission, announced that 17,410,742 (51.9%) of registered voters wanted to leave the EU against 16,141,241 (48.1%) who wished to remain.
The NFB hopes that the Government will not repeat past mistakes of cutting capital spending to communities and local Government. Construction remains a key driver of economic performance and will need a committed level of investment over the coming years.
Richard Beresford, chief executive of the NFB, said: “While we have a decision, there still remains economic uncertainty. What we need now more than ever are clear heads making decisions for the long term. Every £1 invested in construction generates £2.84 in wider economic benefits. This is the very time to show that the UK has the industrial capacity and intellectual capital to thrive outside the EU.”