Product category:
General insurance
News Release from: MORE TH>N | Subject: Home insurance
Edited by the Insidemoneytalk Editorial
Team on 14 March 2008
MORE TH>N's reaction to the Chancellor's
Budget
Commenting on the Chancellor's statement about the newly identified public sector land sites for the construction of 70,000 more homes, Mike Holliday-Williams, managing director of MORE TH>N said;
"Whilst we support the Government's desire to create more affordable housing, it is vital that any new developments are not built in flood risk areas Last summer's devastating floods have highlighted real weaknesses in the current drainage infrastructure, and if flood risk is not properly taken into account during the planning process, new developments will add additional pressure on water run off and drainage, increasing the potential for these homes to be flooded."
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