James Kenealey Morson
IN THE NEWS | 4 MIN READ
Today officially marks Britain’s withdrawal from the European Union, ending a period of over three and a half years of delays and uncertainty in the country since the referendum in June 2016.
We look ahead to 2020 as Britain withdraws from the EU.
Friday 31st January 2020 officially marks Britain’s withdrawal from the European Union, ending a period of over three and a half years of delays and uncertainty in the country since the referendum in June 2016.
While the day marks the country’s official withdrawal, it sets in motion an 11-month transition period which will end on 31st December 2020, during which time the nature of our future relationship with the EU will be negotiated.
The UK will also be able to start negotiating with other countries around the world regarding trade deals. Already the USA appear to be putting a big trade deal with the UK at the forefront of their negotiation and as the next few months pan-out, we will learn more about how Britain will interact with the EU nations themselves.
Despite the uncertainty surrounding the details of our eventual relationship with the EU and other countries around the world, Britain is still moving forward with plenty of big projects on the horizon and huge opportunities across a number of our key sectors.
HS2 is in the news constantly at the moment, with the massive infrastructure project final decision due in February. The chancellor Sajid Javid is expected to throw his weight behind the project, which will be a boost for the rail and infrastructure sectors and provide a huge number of jobs and the official green-light, should it be given, is expected in early February.
We’re also seeing key spend in other areas like aerospace and IT with the increasing digital transformation sweeping many areas of industry and commerce.
In the construction world, over the past 12 months, there has been a large focus on sustainability in the industry with green construction a growing trend for 2020. Our growing global population has seen a focus shift on to building developments which are low-carbon and, and the World Green Building Council’s Advancing Net Zero campaign has said all new buildings will need to be net zero-carbon by 2030 (existing ones get until 2050). With new technologies and materials coming into play alongside this, there is massive potential for a surge of construction and infrastructure roles in Britain moving forward.
As Britain looks to boost its economy in its independent state infrastructure programmes in the power, water and associated transmission infrastructure should also benefit from government spend and commitment.
So, despite the joint uncertainties of IR35 and Brexit, Britain looks set to continue with business as usual in terms “UK PLC” large projects and demand for skilled engineering and trade talent.