HomeNewsBritain’s architecture industry may suffer due to Brexit

Britain’s architecture industry may suffer due to Brexit

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According to a research conducted by the Royal Institute of British Architects, UK’s withdrawal from European Union could put UK’s position as a global hub for the architecture industry at risk. The Institute also fears that the decision could cut off country’s vital access to talent.

Britain’s failure to strike an early deal with EU could affect its exports adversely and its £4.8 billion architecture industry may see job losses too. It may be recalled here that Foster + Partners, whose projects include London’s Gherkin tower, had axed nearly 100 jobs earlier this year as a result of uncertainty around major builds.

It is feared that uncertainty surrounding deal could result in Britain losing its global talent to competitors and also the industry may face increased costs and economic uncertainty. The Institute wants the government to ensure there is a post-Brexit immigration system to allow access to talent worldwide, continued mutual recognition of qualifications across the EU and market access without non-tariff barriers.

Consequent to a referendum in 2016, UK decided to leave EU with effect from 29 March, 2019. Talks are currently taking place on three aspects of how Brexit will work – focusing on how much the UK owes the EU, what happens to the Northern Ireland border and what happens to UK citizens living elsewhere in the EU and EU citizens living in the UK. Pending an agreement between UK and EU, there is uncertainty regarding future trade relations between the two.

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