Break the cycle of poverty for good
Big Futures is calling on the Government to put in place a plan and policies to break this cycle of poverty for good. We are calling for long-term solutions to meet the biggest issues faced in the UK today – the housing crisis, low wages and the climate crisis. Dealing with these issues will help the UK to protect the environmental, social, economic and cultural wellbeing of future generations. So that young people and future generations have a fair shot at life. Join us and demand a better future.
Around two-thirds of the poorest households have no contents insurance, a type of cover which is essential for minimising the financial burden of recovering from floods.
One in three of those who don’t currently have contents insurance said they would like cover, but aren’t able to afford it.
The Housing Outlook report also found that housebuilding rates have been higher in flood prone areas than those without flood risk in recent years.
Between 2015 and 2021, neighbourhoods that have some risk of flooding from either rivers or the sea saw their housing stock increase around 50 per cent faster than those with no flood risk. Many of these new homes, however, were in areas where demand for housing is high.
The government has committed billions of pounds to spending on flood defences across the UK, with flooding one of the primary risks faced by the country as climate change accelerates.
Yet while the Housing Outlook report did find a number of homes are now better protected, researchers said funding is skewed towards cities, meaning lower-income people living in rural areas may be missing out.
The Resolution Foundation has called on the government to ensure that the next round of funding reaches deprived neighbourhoods in rural areas, as well as improving the affordability of insurance for low-income households.
Jonathan Marshall, Senior Economist at the Resolution Foundation, said: “Rising rainfall levels, combined with increased rates of house building on flood-prone land, means that serious flooding events will become much more frequent in the UK and that the number of people exposed to flooding will continue to grow.
“This is of particular concern for poorer families who are the least protected from the consequences of flooding, as they are much less likely to possess contents insurance than their wealthier counterparts.
“Tackling the climate change that lies behind much of this increased risk remains a vital long-term goal. But, in the meantime, policy makers must ensure new homes are flood-safe, and that flood defence spending is targeted in a way that helps these at-risk families.