The Institute of Highway Engineers has decided not to increase its subscriptions by the inflation rate, instead capping rises to 2.5%
It says that with the concerning news about increased prices and the unprecedented rises in the rate of inflation, it knows many members will be very worried about the impact of rising costs, including the costs of subscriptions to IHE.
The setting of subscriptions for the IHE is covered in its Memorandum & Articles which states, “Annual subscriptions shall be increased each year by the annual rate of RPI as published by the Government in September and shall be due and payable from the following 1st of January each year unless varied in General meeting”.
The IHE says that after very careful consideration it has been agreed that the increase in the cost of subscriptions across all grades of the Institute, with the exception of Associate and Retired/Special members, will be restricted to 2.5% for 2023. It is considered that the application of such a restricted increase will allow the Institute to remain financially sustainable whilst remaining mindful of the financial challenges individual members may be facing.
Whilst considering the inflationary pressures in the wider economy and its effects on the most vulnerable, it is also proposed that the Associate and Retired/Special membership bands remain at the current 2022 level.
(Picture – IHE)