Flood Insurance: Reform of Flood Re

Sarah Champion Excerpts

Wednesday 1st July 2026 Commons Chamber

[Emma Hardy]

I do not recognise the figures that the hon. Gentleman has given. This Government have put more money into flood protection than any other Government on record: that is an absolute and indisputable fact. However, I do hope that he has a great time when the Floodmobile visits his constituency. It is fantastic, and demonstrates real, practical examples of ways in which people can take action to improve their flood resilience.

[Sarah Champion (Rotherham) (Lab)]

Residents of Catcliffe and Treeton in my constituency have suffered two devastating floods in the last decade or so. That means that, even if people are eligible for insurance from Flood Re, it is extremely expensive, and in some cases prohibitive. Can the Minister reassure us that that will not apply to, in particular, low-income householders, and that they will be able to obtain insurance? Let me finally put on record my gratitude to the volunteer flood wardens who, every time it rains, try to keep their communities safe.

[Emma Hardy]

I echo my hon. Friend’s gratitude to flood wardens and volunteers all over the country, and I know how much this issue means to her. I am delighted that Flood Re is halving the premium that it charges for contents-only insurance for the 45% of homes in council tax bands A and B. It will be reduced to £25 a year from April 2027, which will make a huge difference to the cost of living.