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Brexit vote has hit London practices hardest, AJ survey reveals

City of london aerial paul gravestock

Architects based in London have been hit the hardest following the UK’s vote to leave the EU, according to our exclusive new data

Early findings from the AJ’s 2017 Life in practice survey also show that larger practices have suffered more in terms of decreasing workloads, falling staff numbers and fewer inquiries compared with smaller outfits in the wake of last year’s referendum.    

Nearly 60 per cent of architects based in the capital said that they had seen projects go on hold, with a quarter saying they had seen staff numbers decrease since the Brexit vote last June.

Only 40 per cent of architects outside London said they had seen projects stall, with just 14 per cent claiming their firm had shed staff over the last 10 months.  

The results have been released as prime minister Theresa May officially triggered Article 50, beginning a two year period of negotiations over the UK’s departure from the European Union.

The AJ data coincides with the publication of the RIBA’s Future Trends survey data for February, which also showed that London-based practices were the most cautious about future workloads, along with those in the South East. Practices in the north of England remained the most optimistic with Wales and the West also positive.

Practices of all sizes reported a dip in workload expectations but medium-sized practices saw the most dramatic decline in the workload index (see full data here).

The full findings of the AJ Life in practice survey - which was completed by 500 people - will be revealed next month.



Readers' comments (2)

  • MacKenzie Architects

    It was to be assumed, following the huge boom in foreign 'safe-have' money into London over the past 5 years, that there would be a slight intake of breath by investors.

    I think if you re-assess the picture in about 3 months, you will find Brexit drama has no negative big-picture impact. We just had a boom and have gone a little back towards normal.

    Look at our interest rates, look at our exchange rate. Foreign materials cheaper, cheaper borrowing for those in the Club; all we need is Banks with a little courage and imagination.

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  • that's why you have cheap EU staff - you can shed them and they go home. UK nationals know where you live.

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