It said the government's budget for "flood management has been maintained in real terms over the current spending review period, making the budget better protected than in England".

BBC: Wales

The only constraint Mr. Osborne now acknowledges is his loosely conceived deficit target that the cyclically-adjusted current budget should be eliminated over a rolling five-year period.

WSJ: U.K. Is New Recruit on Europe's Sick List

The European Commission's proposed budget for 2014-2020 would see a 5% increase in spending on the current seven-year period.

BBC: Margaret Hodge