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ABI responds to flood defence spending

Huw Evans, ABI’s Director of Policy and Deputy Director General, said:

"Today's announcement provides clarity about the allocation of the flood defence spending set out in last year's Spending Review.

"Insurers welcome this increased investment following the cuts initially made by the Coalition Government in 2010.

"However to keep pace with what is needed to protect our flood-risk communities, the Government's own climate change advisers have identified a £500 million shortfall between current spending and what is necessary so it is vital that the next spending review continues to increase funding for flood defences and maintenance if we are to be prepared for the future."

For more detailed comment, you can read Aidan Kerr’s blog.

Last updated 01/07/2016