A no-deal Brexit could have “immediate and potentially disastrous consequences” for the construction industry, with soaring material prices, lower workloads and fewer enquiries, according to new research from the Federation of Master Builders (FMB).

As Jeremy Hunt and Boris Johnson intensify their individual efforts to become the next Conservative party leader – and by default the next British prime minister – fears over the pair’s relaxed attitude towards leaving the EU at any cost have been heightened.

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