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UK in top 10 at 'greatest economic risk' from flooding

The UK is the seventh most likely economy to suffer under flooding, according to a new world ranking. The US, China, India, Bangladesh, Germany and Japan were the only economies at greater risk from flooding, said risk assessment firm Maplecroft.

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UK resilience 'will depend heavily' on Govt spending

The UK economy's ability to weather future problems caused by floods will "depend heavily" on Government spending, risk experts have said.

Dr Richard Hewston, Maplecroft's Principal Environment Analyst, said:

Predictions for the UK suggest climate change is likely to boost the frequency of major storms and increase risks to economic output as a result of flooding.

The future scale of the problem will depend heavily on the government continuing to build resilience and apply resources through flood mitigation and risk management schemes.

– Dr Richard Hewston

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