Revealed: how Scots are subsidising housing in English flood plains
Scottish householders are paying for property development in the southeast of England by contributing to a £200 million-a-year "stealth subsidy" for insuring buildings in areas at high risk of flooding.
WWF Scotland director Richard Dixon: “Climate change means more existing properties will start to be at risk from flooding.â€
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Homeowners north of the Border living in areas of relatively low flood risk are paying higher insurance premiums to keep rates low for those in higher risk areas in the southeast. Report by Rob Edwards
To keep insurance costs down for thousands of homeowners on English flood plains, owners in Scotland are being charged higher premiums, according to a leading flood insurance expert, David Crichton. And the costs for some are likely to rocket next year, he warns.
