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EU Referendum: Sector Focus

1 July 2016

Retail: Retail Week and Planet Retail

With shockwaves bouncing around the financial world, retail was hit hard in the hours following the revelation of the Brexit result. Retail Week has highlighted how a Brexit would require retailers and suppliers to secure "crisis-proof" supply chains and focus on preparing for political and economic risk. Analysts predicted that traditional grocers could suffer if food prices rose, while product choice would likely be reduced for both the UK and its former EU partners.

Retail Week is the leading publication for the UK retail sector, delivering exclusive industry news, hard-hitting features and interviews, market data and practical advice.

Meanwhile, Planet Retail has produced a special report on the impact of Brexit for retailers and the fast-moving consumer goods sector, highlighting the implications of Brexit for the short, medium and long term, and suggesting some important risks and opportunities.

Planet Retail offers in-depth retailer insight to support clients deliver informed, sustainable growth strategies in key retail markets.

Health: Health Service Journal

The NHS was front and centre of the Vote Leave campaign during the EU Referendum, with promises that EU exit would lead to the injection of £350m into the NHS per week and reduce pressure and demand on public services.

Reflecting on the result, HSJ Editor Alastair McLellan warned that in the immediate term, the UK now faces a “firestorm of uncertainty”, which he argues could provide a “recipe for indecision, which in turn could harm the service and those it serves”.

Detailing how Brexit could impact on the NHS and the workforce, Mr McLellan also warned if NHS staff with European backgrounds no longer wished to work in the UK, it could deepen the NHS staffing crisis. A vacuum of political power and a potential snap election on the horizon could further serve to intensify the pressures the NHS is facing.

HSJ is the leading publication for healthcare professionals.

Fashion: WGSN

As an industry heavily reliant on European mobility, fashion suffered a nasty economic shock with the news of Brexit. Trend forecaster WGSN was swift to highlight the "double-digit dives" experienced by shares in some of the biggest names in fashion retail.

Representatives of major brands and the union USDAW are quoted highlighting the potential risks of Brexit including higher prices for clothing against a backdrop of poor performance earlier in the year. Burberry in particular highlighted the "unnecessary economic consequences" of leaving the EU. WGSN also highlighted a recent survey of UK-based designers suggesting that 90 per cent backed continued EU membership in order to reap the benefits of easy exports and international talent.

WGSN is the world's leading trend authority, covering fashion and lifestyle forecasting, data analytics, crowdsourced design evaluation and expert consulting.

Construction: Glenigan

Another sector facing significant consequences from Brexit is the construction industry, with initial reports creating fears about property prices and major infrastructure projects alike.

In response to the outcome of the referendum, Glenigan Economics Director Allan Wilen predicted that investors would reappraise their industrial and commercial property development plans, and warned that the commercial property market in London seemed particularly at risk. He also suggested that political uncertainty would dampen housebuilding in the coming months.

DeHavilland UK Service Manager Arran Russell will be appearing alongside Allan Wilen at a special Glenigan event on 5 July, featuring post-Brexit rregional and sector forecasts for construction.

Click here for more information.

Glenigan is the trusted provider of UK construction project sales leads, market analysis, forecasting and company intelligence.

Environment: Groundsure

Analysing the impact of the UK's decision to withdraw from the European policymaking process, Groundsure's analysts suggested that this would create a permanent state of uncertainty for business concerned with environmental regulation.

They highlighted the impact of the EU's "precautionary" approach and the importance of laws such as the Birds Directive, the Bathing Water Directive and the Air Quality Framework Directive.

"Although the UK has been at the forefront of providing scientific and policy advice to the development of EU environmental legislation, many of the initiatives would not have taken place without the EU’s hard legal implementation in place, and the improvement to business practice would not be realised".

Groundsure provides location intelligence to inform land and property decisions.

Architecture: Architects' Journal

With a poll of the architectural profession revently revealing support for continued EU membership at 80 per cent, Architects' Journal unsurprisingly carried some appalled reactions from practitioners last Friday. Architects joined in the warnings from many other sectors about the impact of uncertainty, and also raised criticisms of their sector's representation, arguing that RIBA ought to have allowed its members to "speak for the profession".

AJ also offered ten predictions for a Brexit future, including lost deals, workforce reconsiderations and the potential disapplication of the controversial Public Procurement Directive.

Architects' Journal offers in-depth news analysis, insight, building studies, client profiles, competition updates and industry awards news.

Anna Haswell, Senior Political Analyst and Content Marketer
Anna Haswell
Senior Political Analyst and Content Marketer

As Senior Political Analyst at DeHavilland, Anna Haswell leads on financial services policy, as well as covering media issues. In her capacity as Content Marketer, she is also responsible for DeHavilland's briefings and analysis output, working across teams to ensure relevant messages reach current and prospective clients alike. She is a graduate of the University of Oxford and Goldsmiths, University of London.