Flood funds: industry should be grateful
Environment minister Hilary Benn told insurance industry dignatories at a Post Magazine reception at the House of Commons last night that they should be grateful for the increase in funding for flood defences that had already been confirmed, and expressed clear frustration with the Association of British Insurers' view that yet another step change in funding was needed, reports Anthony Gould.
The minister asked the industry how it would have responded if the increase in funding - up to £800m a year over the next three years - which was announced in July, had not been announced then, but
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