Thousands of people across the UK have faced the devastation of flooding, and will now continue to feel the effects financially.

As flood affected areas slowly regain water access, UK citizens prepare themselves for the aftermath of the floods. According to CNN, insurers are estimating the damage at around 3 billion pounds. Meanwhile, The Guardian has reported that recent changes in interest rates have left people with mortgages and debt in an even worse position, and several homeowners now lay susceptible to debt.

The cost to the rest of the UK

The floods, which have left crops across the UK ruined, will no doubt effect the rest of the UK with food prices tipped to sore over the next few months. The BBC reports we could face shortages in vegetables as farmers are forced to thrown away around 70% of ruined produce. Many farmers also face selling livestock they have nothing to feed, leaving questions over the effect the flood will have on the price of meat. These changes could cause more problems for families as the cost of living in a country already struggling with massive personal debt increases.

The effects of our worst flooding in 60 years will no doubt continue to push strain on citizens across the UK who have already felt the devastation on their home, and now prepare for the effects on their finances.