Budget 2020: Government to increase flood defence spend

Budget 2020: Government to increase flood defence spend

KPMG's Insurance Director, James Hillon comments on the Government’s plans to increase spending on flood defence.


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Commenting on the Government’s plans to increase spending on flood defence, James Hillon, Insurance Director, KPMG UK said: 

“Even in March, this year has already been a devastating reminder of how damaging floods can be for households and businesses across the UK. The instant provision of £120m for flood repairs will be welcomed by communities affected by this year’s floods. But, the government’s increase of spending in flood defence to £5.2bn is an example of a proactive attempt to make communities more resilient and ease some of the pressure on insurers who are currently bearing a disproportionate amount of the burden.”


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