Oral Answers to Questions Debate
Full Debate: Read Full DebateJamie Reed
Main Page: Jamie Reed (Labour - Copeland)Department Debates - View all Jamie Reed's debates with the Department for Environment, Food and Rural Affairs
(14 years, 1 month ago)
Commons ChamberI give my hon. Friend that assurance. Sustainable development cannot be delivered by one Government Department alone. In fact, the Cabinet Office has a cross-cutting role and will report on pan-Government progress against the targets for the sustainable operations of the Government estate. The latest performance data will be published by the end of the year.
One key performance objective on environmental sustainability is protection from flooding. The Association of British Insurers has expressed disappointment at the Government’s cuts to flood defence spending, and the Institute of Civil Engineers estimates that the cuts could cost us £4.8 billion in future. How will those cuts affect the insurance premiums and excesses of those 5.5 million British properties that are currently at risk from flooding? Can she give a guarantee that the cuts will not lead to any properties becoming either uninsurable or unmortgageable?
I can assure the House that the Government are working very closely with the ABI on the question of insurance. Its statement of principles is up for renegotiation in 2013. My impression of the situation is different from the hon. Gentleman’s, because actually the ABI welcomed the fact that much of the capital for flood defences was protected, so the Government can spend £2.1 billion on flood defences within the spending review period. There will be an 8% reduction per annum, but a lot of that can be absorbed in efficiencies, as the Environment Agency demonstrated this year by building more than its target of flood defences notwithstanding a 5.5% reduction in its resources.