Cost of flooding hits £1bn per year, claims SearchFlow
A combination of climate change and underinvestment in flood defences has resulted in the annual cost of flooding in England and Wales reaching £1bn, according to research conducted by the Environment Agency and SearchFlow.
The EA predicts that sea levels will rise by approximately 40cm over the next 30 years and that, without improvement in flood defences, this would increase the number of properties at significant risk
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