Government must act to tackle the twin challenges of protecting over five million properties from flooding and maintaining clean, reliable and affordable water supplies. The Committee is concerned that the Government has cut flood defence funding and will in future require communities to pay a greater contribution towards the defences from which they benefit. At a time of budgetary constraint, the committee believes there is no certainty that this funding gap can be filled. The report tells Ministers they must: spell out how the Government will deliver its pledge to focus public money for flood defence on those communities at greatest risk and least able to protect themselves; ensure adequate and stable funding for local authorities and other agencies given new responsibilities under the Flood and Water Management Act 2010 to plan for and respond to flood events. The report calls on the Government to sharpen the regulatory framework for the water industry to ensure it places customers' views at the heart of a future strategy that will deliver improved affordability and water efficiency. Ministers should: clarify the role for social tariffs in helping those who have difficulty paying their water bills; implement a solution that brings down bills for customers in regions where water charges are at present disproportionately high due to the need for large-scale capital investment in sewage systems; publish a strategy to implement a wider programme of metering and variable tariffs designed to improve water efficiency while protecting those on low incomes from unaffordable price rises.