The government today revealed how it intends to distribute £2.3bn in flood defence measures. My younger son very narrowly missed being flooded last winter in Kent. I hope they will be OK this coming winter and spring. This is, I believe, money that was originally earmarked but was never spent earlier in the life of the government. My son was given sandbags but thankfully his house escaped, but it was a close thing.
See http://en.wikipedia.org/wiki/Environment_Agency .