Critical Skills Shortage
UK capital experiencing scarcity in skilled construction workers to support projects as highlighted by recent PWC sector report.
The global accountancy firm PWC have recently performed a sector analysis of the UK construction industry with a focus on labour supply. The findings are fairly alarming.
The firm performed their appraisal using recently published ONS data and uncovered findings that nationally 1/10th of the existing UK construction workforce are identified as migrant workers from neighbouring European countries. In London the ratio rises to 1 in 3 identified as EEA migrant labour (2016).
Furthermore, roughly 20% of native British constructive workers in London are set to retire over the next four years leaving a worrying skills gap that will need to be filled. There are currently over 50,000 construction job vacancies in central London and the Brexit effect is placing uncertainty on the ability of employers to secure the necessary quantity of skills to support future project pipelines.
The UK government must give adequate support and make due provision for the domestic construction sector during key Brexit negotiations pertaining to the free movement of skilled labour.
If the ability of EEC labour is impeded in the pursuit of work in the UK this will have a negative economic impact in the construction industry and will further hamper UK growth and prosperity.
The UK government must consult with the domestic construction sector to establish the effects and impacts on migrant labour flows and to establish a minimum acceptable outcome that ensures continued providence for the construction sector as a whole.
Source: ONS / PWC