The report says "Millions of homeowners living near the sea or rivers face being hit with a new "flood tax" under controversial coalition plans to plug a £260m shortfall in spending on flood defences"
"The Independent on Sunday has learned water minister Richard Benyon believes the cost of protecting homes and businesses from the elements should be "shared" between the government and those who benefit from defences directly. From April 2012, the government wants to see a new structure in place which combines public and private funding."
"In return for paying the levy – which would be on top of higher insurance premiums already imposed on flood risk areas - local communities would get a greater say in which areas are protected."
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