Brexit holds no fears for Mears
Housing maintenance company Mears has little to fear from the UK exiting the European Union, should that be what the people decide they want.
On 23rd June 2016 the people of the UK go to the polls in a referendum on future membership of the EU.
For the construction industry, the big issues include pan-EU competition and access to cheap labour from Eastern Europe.
Mears Group, however, has no operations outside of the UK and few employees from Eastern Europe.
Chairman Bob Holt said: “While uncertainty is never positive for business, Mears does not envisage any significant negative impact from an EU exit, especially given that any exit is likely to be over a number of years.
“Notably, Mears has a very low level of reliance upon Eastern European migrant workers.”
He added: “What is perhaps more relevant in the short-term, is that the domestic policy agenda is likely to take a back seat and legislative plans may slow down.”
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This article was published on 15 Mar 2016 (last updated on 15 Mar 2016).