Lib Dems: Short-term flood defence cuts will have long-term consequences

Blog Bot · 11-10-2007, 09:50 AM

From the official website:

Commenting on the Association of British Insurers' announcement today that insurers may stop providing cover for flood victims, Liberal Democrat Shadow Defra Secretary, Chris Huhne MP said:
"Gordon Brown has already devastated the best private pension system in Europe, and he now seems set on destroying private insurance against the risk of flooding as well.
"Any short-term savings on flood defences will be swamped by enormous public liabilities in the future if the Treasury fails to fund flood defences properly.
"The Government should increase flood defence spending to £1bn in order to give households and insurers the reassurance they need."

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11-10-2007, 09:50 AM	#1 (permalink)
Blog Bot Uber Member Join Date: Oct 2007 Posts: 2,704	Lib Dems: Short-term flood defence cuts will have long-term consequences - Huhne From the official website: Commenting on the Association of British Insurers' announcement today that insurers may stop providing cover for flood victims, Liberal Democrat Shadow Defra Secretary, Chris Huhne MP said: "Gordon Brown has already devastated the best private pension system in Europe, and he now seems set on destroying private insurance against the risk of flooding as well. "Any short-term savings on flood defences will be swamped by enormous public liabilities in the future if the Treasury fails to fund flood defences properly. "The Government should increase flood defence spending to £1bn in order to give households and insurers the reassurance they need." More...

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