Growing UK drought risk poses threat to business
Droughts are predicted to be longer, and more frequent and acute than previously thought, according to analysis by the water industry and climate experts.
The assessment looked at the combined impact on water supplies in England and Wales of climate change, population and economic growth, and reductions in water abstraction to protect the aquatic environment.
It concluded that the south and east of England face in the future a higher risk of severe drought than in the past, while English regions in the north and west would also suffered more water shortages.
The economic cost of not taking action to prevent drought could be up to £1.3bn a day during the most severe event modelled in the report. By contrast, improving drought resilience was estimated to cost around £4 a year per household.
The analysis attempted to calculate the potential loss ...