LONDON (Reuters) – The risk of flooding for many English homes and businesses could increase fourfold by 2035 if more action to deal with the impact of climate change is not taken, government advisers said on Wednesday.

As severe floods continue to batter parts of Britain after the wettest June since records began, around one in seven homes and businesses face some kind of flood risk, the climate advisers said.

Around 160,000 properties would be at risk by 2035 if better planning and more investment was made in flood defences, compared with 610,000 at risk if no action was taken, they said.

The cost of protecting more than half a million homes at risk of flooding will double to 1 billion pounds a year by 2035, according to estimates by the UK's Environment Agency in 2010.

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