Here in the UK it seems to rain a lot – you may remember in April 2012, when 121.8mm of rain fell making it the wettest April in over 100 years. All this rain can lead to flooding. You should consider the risk of flooding to your premises and what precautions you can take to prevent it.
The UK regions hit by the winter floods are set to benefit from an extra £700m to boost flood defences, after the chancellor announced another rise in insurance premium tax and earmarked the cash raised to flood-damaged towns.
George Osborne said he would hike the standard rate of IPT by half a percentage point to 10%, and use the proceeds to top up a fund designed to prevent repeats of the carnage that afflicted communities in the north of England and Scotland over the winter. It is the second time in recent months the chancellor has increased IPT. In November it was hiked from 6% to 9.5%. (more…)