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Warning more homes will be uninsurable due to flood risk

Photo: BBC

Homes are being built today that could become uninsurable in the future due to the risk of flooding, the boss of insurance giant Aviva has said.

Amanda Blanc said the risk of flooding is "absolutely increasing", but based on current building patterns 115,000 new homes will be built in flood zones in the next decade.

"That doesn't seem to me to make sense. We need to think about where those homes are being built," she told the BBC.

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Burnham to unveil public body to invest in electricity grid

Andy Burnham is expected to announce a new government body to invest in Britain's electricity grid in his first party conference speech as Labour leader on Tuesday. The prime minister will tell party activists in Liverpool that the new publicly owned company, branded Great British Grid, will speed up grid hook-ups by driving up competition for connection projects. Burnham is expected to put the proposals at the heart of a new goal to bring UK energy costs in line with other nations in Europe within ten years.

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UK tries to stop Trump's diesel export ban

The UK is in talks with US authorities over a potential stoppage of diesel exports and has started preparing for a ban, Chancellor John Healey has told BBC News. Diesel prices in the UK reached a new high on Monday due to supply pressures springing from the US-Israel conflict with Iran and Russia's war with Ukraine. Fuel prices are rising globally and US President Donald Trump has threatened to ban diesel exports, stating at the weekend: "We're thinking about it very seriously."