Architects' Journal

Britain's construction market is in limbo following the nation's unprecedented decision to leave the European Union. From so-called "Brexit clauses" allowing clients to back out of deals, to fears over a lack of skilled labor and rising material costs thinning project margins, to concern that the multinational campaign to cut carbon will stall in this new era, concern is widespread as a flurry of media coverage charts the markets' downward march with predictions as severe as a global financial crisis on par with that of 2008.

Members of the industry haven't been reluctant to voice their opinions of the referendum prior to the June 23 vote. For example, London-based Rogers Stirk Harbour + Partners feared a "new less open Britian," and they expressed concern for the decision's impact, as four in 10 of their employees have non-British, European Union passports.

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