Work cancels building plans and expects us to pay for it.

My work was building a new laboratory so we could get out of the crappy one we have and today we found of they had just cancelled building of the new lab after seven months of planning because “ interest rates and materials are more expensive and they might lose money” and then in the same breath, refused to give a inflation pay increase to employees because they need to make up for the 20 million they spent on planning.