The UK construction industry generates around £90 billion annually, accounting for 6.7% of GDP and employing over 2.9 million people. Although the UK construction industry is largely a domestic market, it will still be affected by the Leave vote. Given that the industry accounts for a significant proportion of UK GDP, the impact of Brexit on the industry will in turn affect the UK generally. 

As the deadline of 16 March 2013 approaches for national implementation of Directive 2011/7/EU, the new directive on combatting late payment in commercial transactions, regulations have been laid before the UK and Scottish parliaments to effect the required changes.

The new Directive