From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
h/t Ian Magness
Apparently the Bank of England are now climate experts!
According to the Telegraph:
Climate change threatens to devastate the value of hundreds of thousands of homeowners’ properties, the Bank of England has warned, as extreme weather increases flood risks.
Around 300,000 homes – 1pc of properties in the country – risk having a fifth of their value wiped out, according to Threadneedle Street’s projections of the impact of the most dire climate scenarios.
Back in the real world, only about 5000 properties were affected by flooding in England in the year to March 24, according to EA data:
Certainly there is a problem with uninsurable properties, but this is due to them being built on flood plains, not climate change.
Surely the Bank should be more concerned about the economic catastrophe coming our way thanks to Net Zero?
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Climate change threatens to devastate the value of hundreds of thousands of homeowners’
But by government net zero policies, not… the weather.
The value of property is in more danger from Two Tier and Rachel from Complaints than the climate whether it’s changing or not
The UK doesn’t have hurricanes, F5 tornadoes, or the Mississippi River. You’ll be okay.
The UK has ‘flywheel’ Miliband. It will be a disaster.
I had to look that up. That’s hilarious!
He is a certifiable lunatic.
The description, useful idiot was never more appropriate, as his ultimate boss Klaus S would say…
I don’t think so. I think this is all part of a plan, a 5-year plan (the election cycle). We will know if properties are bought cheaply in an institutional manner. Prices go back up, quick profits, blame in decreasing order of importance a) the Conservatives (who are in on it) b) the scientists and c) people pretending to be certifiable lunatics with Oxford PPE degrees (now more wealthy).
Well, as they say in the UK – “mustn’t grumble” and “I’ve voted Labour all my life”.
When I have a trip back home, will I be arrested at the airport for posting that?
You’ll be on a list somewhere…
“lunatic”
You’re too kind 🙂
I read a historical novel, admittedly fiction, which involved a very large flood in England wherein many towns and cities, including Oxford and London, had deep water incursions, with people moving about the streets in boats. for more than a week.The Thames sounded more like the Mississippi in flood stage.
Does anyone know if such a flood ever happened withing historical time?
We have the Severn, the Thames, various rivers in Yorkshire which flood regularly and plenty of homes near their banks. Floods happen, they won’t threaten at a population level.
We don’t have earthquakes or volcanoes either. A blessed land but a place where politicians are doing all in their power to provide as many man made disasters as they can muster
We all need to look back to the 1970’s to see the cray left wing politics of the time AND how the very same is being proposed again. You could not make this up.
There was an earthquake in Wrexham about 20 years ago. (But on;y about a 3.)
The header picture wasn’t taken even in the U.K.
Location of the article image: Glan-in-Altenglan, Patersbach, Germany.
This image is of the Somerset Levels in 2014, UK.
(Getty Images-Matt Cardy)
Labour’s taxation spree will have a much bigger effect.
Every scumbag wants their part of the massive climate trough !
Billions “missing”…
https://www.oxfam.org/en/press-releases/41-billion-world-bank-climate-finance-unaccounted-oxfam-finds
The woke wank of England on the co2 hoax bandwagon. Disgraceful gaslighting.
Only from the cost of compliance with new building standards.
What rhymes with bankers?
BofE is now fully politicised.
Building within a flood plain is not a problem as long as occupiable structures are sufficiently elevated. Either bring in fill to raise the ground level, or put the first occupiable floor above the designated flood elevation. Easy peasy on new construction, but problematic for existing structures not built to such standards that didn’t exist back in the day. In which case, whenever a non-flood-resistant structure gets damaged significantly, then recycle. Tear down the old and replace with the new.
That’s what we’ve been doing in coastal Florida for decades. Any structure that gets damaged by flooding such that repairs constitute more than 50% of the value of the structure, it must be demolished and replaced by a code-compliant structure.
By the way, this is nothing new. Human settlements have been built upon the foundations or ashes or refuse of older settlements going back thousands of years. Ancient cities tend to have many layers that represent oldest trending to newest occupations.
Another issue is building back the same. Like in Tornado Country people build houses out of sticks and bricks with eaves on roofs and flat faces. These catch and trap strong winds and do not withstand flying debris strikes.
Build back more resilient!
Insurance companies often don’t allow for building upgrade costs in covered costs though so a house being replaced by insurance will be just as resistant to damage as the original failed design.
Climate changeBuilding on floodplains threatens to devastate the value of hundreds of thousands of homeowners’ properties, the Bank of England has warned, (…fixed).Whenever the specter of “worse due to climate change” comes up, I refer back to the following image summarising floods in the Vltava Basin from the year 1000. I have added the recent (and almost predictable) 2024 flood to the graph.
What will make your house uninsurable.. flood risk, or your EV?
Why did he buy this lemon in the first place? He bit on the propaganda.
If a car cannot be insured in the UK then it cannot be driven on a public road, it is therefore unfit for purpose. Surely the manufacturer is obliged to take it back for a full refund?
My advice – trade it for an old yellow dog, then shoot the dog.
worth a smile, but I like yellow dogs.
mebbe trade for an orange cat instead.
It is the actions of the Bank of England itself that will devastate the property market. We already saw that their failure to regulated markets properly and to control money creation led to the F8nancial Crisis in 2008, and again provided the LDI unwind that hit pensions and undermined the Truss government. We ate still in a property bubble that is the result of lax monetary policy, and the continued support for wasteful government spending is adding fuel to the fire.
When it all unwinds it will be far more devastating than any storm. No wonder the Bank wants to distract you from the real world with climate propaganda.
“DEVASTATE” another great alarmist verb.
Will “climate devastation” be the next phrase for scary headlines? 😁
They must keep creating new hyperboles. They learned this from advertising…. mega…. designer…. and so on.
Hmmm. Maybe they will recycle mega. After all, recycling is environmentally friendly, right?
Whether it will or not, it’s going into my Climate Bullsh!t Bingo List, thank you. Here are just the Ds. Full list available upon request:
Climate danger
Climate defiance
Climate delegate
Climate denial movement
Climate denier
Climate deprivation
Climate destruction
Climate devastation
Climate developments
Climate diligence
Climate diplomacy
Climate disaster
Climate disasters
Climate disinformers
Climate dismissive
Climate disobedience
Climate disruption
Climate dissent
Climate-driven migration
Climate doubter
How is it possible that an educated human being can read just the Ds and not be able to figure out that they’re being bullsh!tted? …. and yet, here they are.
Government be it in the UK or US or elsewhere is responsible for destruction of property … via lousy regulation of buildings and infrastructure !!! Message to governments >> just do your damn jobs.
When Britain joined the EU, they got to follow EU rules/laws. One of which was ‘no dredging of rivers’. Of course as the river channels built up, overflow flooding became more common.
This, along with “coddle the protestors”, should be eliminated.
If the other side couldn’t lie they would have nothing to report.
In many cases of flooding there was a hint in the name of the places built on: Flood Lane, Watermead Way, Water lane, Marsh Lane and many similar.
In the past these were left undeveloped until city experts “knew better”.