Reeves flood defence budget hike fails to ease insurance concerns
Chancellor Rachel Reeves Spending Review increased the amount of cash set aside for flood defence pledge, drawing praise from the insurance industry but also warnings over the lack of clarity on how UK property will be made more resilient.
Today (11 June) Reeves claimed she is “renewing Britain” and announced a 5% budget increase for flooding compared to the current review period, which ends in April 2026.
Announced by the nation’s first
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