The property industry is backing calls for the government to double flood-prevention spending, following news that one in six homes is at risk as rainfall across the country increases, with many potentially facing the prospect of affordable insurance cover being withdrawn. Spending must increase from £570m a year to £1bn per year to avoid around £4bn of yearly damage from flooding, the Environment Agency said. The British Property Federation (BPF), which represents developers, investors and agents, believes that the government must act now, and that not doing so could have an impact not only on new development but also on insurance for existing homes and businesses. There is, it says, a very real possibility of affordable cover being withdrawn in areas of high flood risk. www.bpf.org.uk

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