Leaving the European Union is supposed to free us from red tape. Depending whether Brexit is hard or soft, it could give Britain more freedom to set its own rules. Will this be of any benefit to the housing sector? Let’s look at some of the possible changes.
EU procurement rules are one example. Ending them could eventually create more freedom, but in the short term the public sector will still need to comply with the Public Contracts Regulations 2015. Future trade agreements are also likely to come with new procurement rules, covering issues such as openness, fairness, transparency and non-discrimination. So the changes might not be very great. But if the UK did get more freedom, reforms might for example allow tenders to be restricted to British firms. As CIH already advises, contracts can and should anyway take into account the ‘social value’ that can be obtained: this shouldn’t change.