RIBA responds to Liz Truss’ U-turn on rise in Corporation Tax

Our response to the Government's decision to proceed with increasing Corporation Tax.

14 October 2022

RIBA President, Simon Allford, said:

"This latest twist in the Truss reign was vital to stabilise ongoing market turbulence. But ongoing uncertainty knocks business confidence and this stymies growth.

Our forthcoming September Future Trends Survey highlights the stark finding that – outside of lockdown - architects are now more pessimistic about future workloads than at any time since the financial crisis of 2009. What next is the big question? We must invest in retrofitting our existing housing stock, build more homes and regulate for more sustainable, low-carbon development, which is essential for carbon and the economy."

ENDS

Notes to editors:

  1. Press contact: Sarah.Robertson@riba.org
  2. The Royal Institute of British Architects (RIBA) is a global professional membership body that serves its members and society in order to deliver better buildings and places, stronger communities and a sustainable environment. Follow @RIBA on Twitter for regular updates.

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