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UK ramps up flood spend

The UK Government has accepted the key recommendations of an interim report into last year's floods, which caused an estimated £3 billion ($6.75 billion) in insured losses out of £5 billion ($11.2 billion) in economic losses.

Secretary of State for the Environment Hilary Benn has allocated £34.5 million ($75.7 million) of the Government's total £2.15 billion ($4.72 billion) flood defence outlay over the next three years to implementing the recommendations of Sir Michael Pitt's report.

The Pitt Review details 15 urgent measures in areas such as managing flood risk, groundwater monitoring, local and national planning and response, public information, and public preparedness.