Budget 2016: Flood defences spend 'too little, too late'
The insurance premium tax rise and resulting £700m spend on flood defences could be "too little, too late" according to loss assessment firm Harris Balcombe.
Yesterday (17 March) Chancellor of the Exchequer George Osborne said the 0.5% increase in IPT would be spent on improving flood defences and resilience.
Alex Balcombe, director at Harris Balcombe
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