(11 years, 7 months ago)
Commons ChamberHaving visited my hon. Friend’s constituency during the floods, I am fully aware of the importance of the issue to her constituents, but it is a complex issue. We are trying to find a long-term solution, and to sort out the conundrum of affordability, comprehensiveness, and not imposing a long-term burden on the taxpayer. I pay tribute to the ABI for the constructive manner in which it has engaged in the regular meetings and discussions that have taken place. We are not quite there yet, but I hope to be able to come to the House soon to announce a resolution of the problems.
14. Has the Secretary of State seen a report, published this week, which suggests that rather than there being a once-in-a-thousand years chance of the Thames barrier being overwhelmed by rising sea levels, the statistic could be once in a hundred years or even once in 10 years? What are the implications of that for insurance costs in London?
We have begun preliminary investigations of the prospects of long-term flooding. As the hon. Gentleman knows, there is a possibility of major construction projects which may help.