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United Kingdom: Flood defences: George Osborne tackled yesterday's crisis at the cost of today's

2014-02-16 21:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: There is no excuse. In 2010 the coalition slashed spending on flood defences when it should have gone up. Even last year's increase in flood defence spending was under duress. The insurers, some of the most enlightened big businesses on this issue, have repeatedly warned about the rising claims and losses from climate change-induced extreme weather. A confidential deal struck last June, ahead of the spending review, increased flood defence spending as a payback for the insurance companies continuing...

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