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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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Olivia.Shalofsky@KPMG.co.uk 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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