Industry concern as flood funding cut in spending review
Funding for flood defences has been cut in Chancellor George Osborne's comprehensive spending review. Under the previous government, £2.15bn had been committed for the years 2008-2011, however, this has been sliced to £2bn for the four years from 2011 to 2015.
The government has maintained, however, that it plans to improve flood defences for 145 000 households.
Nick Starling, the Association of British Insurers' director of general insurance and health
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