Does the Government appreciate the true cost of flooding? MPs investigate
With the UK facing a rise in climate change related extreme weather events, an increasing number of homes and businesses are at risk of being impacted by flooding.
The Environment Agency's most recent assessments showed that around 6.3 million properties in England are currently at risk. This number is expected to rise to around 8 million by 2050, meaning 1 in 4 properties may face flood risks.
Does the Government have a plan to deliver a sustainable funding model for flood risk management and resilience? The Environmental Audit Committee will ask how this can be achieved in the face of increasing climate and economic pressures on Wednesday, 11 June.
Meeting details
Members will hear from representatives of organisations including Network Rail, Yorkshire Water, and the Association of British Insurers as they explore the economic consequences of flooding, the effectiveness of the partnership model and the role of insurers.
Questions may focus on the scale and urgency of the economic impacts of flooding, and the role of private investment in mitigating this. MPs may also explore the accessibility and affordability of current flood insurance schemes and how insurers are responding to the increasing risks and frequency of flooding events.