As The Guardian notes this morning:

Tens of millions extra houses in England, Scotland and Wales face devastating floods, and a few cities could should be deserted as local weather breakdown makes many areas uninsurable, a Guardian investigation has discovered.

New evaluation from the insurance coverage business, seen by the Guardian, reveals the extent of concern within the sector, with bosses warning that giant swathes of housing and business property in densely populated areas can be at better danger.

They added:

Individually, specialists have stated that some cities could have to be deserted as houses and companies battle to get insurance coverage in areas repeatedly battered by storms and rising sea ranges.

I additionally famous this:

Densely populated areas together with London, Manchester and elements of north-east England, are prone to be worst hit. Specialists additionally say London’s flood defences have to be up to date urgently to guard the capital from devastating floods.

And this:

Bermondsey and Previous Southwark in London and Boston and Skegness in Lincolnshire are projected to have about 90% of houses in danger from river and coastal flooding by 2050 – the very best proportions within the nation.

Richard Tice continues to disclaim that local weather change is a danger, although, regardless of his constituency being on the frontline of danger.

My very own place on this might not be clearer. To arrange this publish, I looked for my very own movies on this topic on Google and acquired this abstract of my arguments again from it, which I assumed it was price sharing:

UK tax campaigner and political economist Richard Murphy has persistently highlighted the extreme dangers posed by flooding and rising sea ranges, each for particular person households and the broader monetary system. A central argument of his is that local weather change, and particularly flooding, is making a monetary disaster that’s largely being ignored by politicians and monetary markets. 

Flooding and the housing and banking sectors

Murphy has repeatedly warned that in depth areas of UK property have gotten uninsurable as a result of elevated danger of flooding, with profound penalties for the banking sector. 

• Uninsurable housing: He argues that as local weather change worsens, properties in flood-prone areas will turn out to be uninsurable, which in flip makes them unsellable. This may depart householders trapped and trigger a “time bomb” for the housing market.
• Financial institution danger: With an estimated 85% of UK financial institution lending secured on property, Murphy warns that banks are prone to large-scale defaults as these properties decline in worth or turn out to be nugatory. He factors out that this systemic danger is essentially being ignored by monetary establishments. 

Criticism of presidency inaction

Murphy has been extremely essential of the federal government’s strategy to flood danger, accusing politicians of denying the “existential menace”. 

• Ignoring the science: In a July 2025 weblog publish, Murphy criticised politicians for not taking the menace critically, regardless of information exhibiting UK sea ranges are rising sooner than the worldwide common.
• Regional disparities: He has commented on the suggestion that some areas, notably in Japanese England, is likely to be “sacrificed” as a result of the price of flood defences is just too excessive.
• Insufficient funding: Murphy has argued that flood defences needs to be paid for by authorities deficit spending or “Individuals’s Quantitative Easing,” relatively than being restricted by customary price range constraints. He has beforehand advocated for a “Inexperienced New Deal” that features funding in flood prevention techniques. 

Broader financial context

Murphy frames the flood danger challenge inside a bigger critique of present financial coverage, which he argues is failing to deal with local weather change and different systemic threats. 

• Local weather insolvency: He has argued that many giant firms are “local weather or carbon bancrupt,” which means their steadiness sheets don’t account for the prices of transitioning to web zero. He contends that current accounting guidelines conceal this, creating hidden dangers for monetary markets and pension funds.
• Monetary market failure: Murphy believes that till trustworthy accounting practices and correct regulation acknowledge these dangers, each financial and ecological collapse are possible. He sees the failure to deal with local weather change as a serious monetary disaster ready to occur. 

That is one in every of my movies on the difficulty:

The query is, when are politicians going to behave, or will they wait till it’s too late?