(4 months ago)
Commons ChamberI thank the hon. Gentleman for his kind words, and I recognise the difficulty that these works cause to businesses. That goes to the point that I made to the hon. Member for West Worcestershire: the design has to be right, and works have to be done in conjunction with the community. That is why works sometimes become more expensive. However, I will take away the point the hon. Gentleman makes.
On the funding formula, I said many times in opposition that I was keen to look under the bonnet, and now I am delighted to get that chance for a detailed look at exactly how things work. That is something I am reviewing. As is always the case, pulling one lever can have unintended consequences elsewhere, so I hope the hon. Gentleman will forgive me for not giving the details of exactly which levers I intend to pull. However, I am actively gaining a clear and transparent understanding of how the funding works, who the winners and losers are under the formula that we have, and our priorities.
In my intervention on the hon. Member for West Worcestershire (Dame Harriett Baldwin), I referred to insurance premiums. If we sort the flooding out, insurance premiums will fall and there will be less cost. That must be a factor for constituents and their living costs. Is that something the Minister will look at, please?