England: Flood risk to rise fourfold by 2035-report | Reuters

UPDATE 1-England flood risk to rise fourfold by 2035-report | Reuters: "UK's Environment Agency estimates that funding needs to increase by 20 million pounds a year on top of inflation to keep pace with climate change.
"We are spending more than 2.17 billion pounds over four years to protect people from flooding and our successful partnership funding model will draw in around an additional 72 million pounds," said a spokesman from the Department of Environment, Food and Rural Affairs in response to the report. "The money for flood defences is being spent more effectively than ever before and we now expect to exceed our target to better protect another 145,000 homes by 2015." Apart from increased flooding risks, water scarcity is also likely to become more common in parts of the country due to climate change and population growth, the panel said."

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