FLOOD RISKS
March 1st, 2004
BY KEITH NUTHALLTHE ASSOCIATION of British Insurers (ABI) is pressing the UK Government to maintain its raised level of spending on flood defences, as it works towards its next public spending round announcement in the summer. Following the spate of disastrous floods in 2000, Whitehall in 2002 increased its annual spending on the problem by Pounds 150 million. These budgets will run-out next year and the ABI is pressing the government to maintain them, warning that a failure would provoke it to review its commitment to provide flood coverage to most British ...
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