Advertisement

  1. National

Ed Miliband to call for faster flooding insurance claims

Insurance bosses will meet ministers to discuss their response to the flood crisis. Victims have received £14m in emergency payments so far. Ed Miliband will call for faster processing of insurance claims when he too meets industry representatives.

View all 437 updates ›

Bad weather concern for economy, says Carney

Bank of England Governor Mark Carney said the chaos caused by the bad weather threatened to derail Britain's economic recovery.

"There's a big human cost here and I absolutely recognise that," he told ITV News.

"Then there's the disruption to economic activity that we see just through transport, but farming clearly will be affected for some time, other businesses.

"It is something that will affect the near time outlook."

However, he added that with natural disasters, "you get a hit to GDP as it's going on and then you get a recovery, you get that back later on with the repair, so when you look over the stance for the horizon that the Bank of England would operate, one looks through it".

More on this story