Figures received by ITV News suggest any failure to invest money in flood defences and dredging could have been a false economy.
The region's rail companies have all amended their timetables due to the bad weather.
Boeing, the company behind the grounded fleet of 787 Dreamliner planes, is facing millions of pounds of compensation claims.
Town Centre markets in the Thames Valley are fighting back against fly-by-night traders who sell counterfeit and illegal goods on the cheap. They're supporting a major campaign to protect their livelihoods. Penny Silvester visited the new-look Aylesbury market. Watch her report here.
Thames Valley police are appealing for information regarding a collision in Oxford involving a fire engine and an elderly pedestrian. The vehicle was travelling towards Cowley yesterday afternoon when it hit the 79-year-old.
She was taken to the John Radcliffe Hospital but died of her injuries. Any witnesses are asked to contact Thames Valley Police.
A 23-year-old man has been arrested on suspicion of robbing a Next store just before Christmas while dressed as Santa.
The man went into the staff section of the shop in Oxford Retail Park, Cowley.
He threatened a member of staff with a knife and demanded cash from the shop's safe.
Once this had been given to him the man then made off on a bicycle towards Blackbird Leys Bridge.
The man has been bailed until May 21 for the robbery which took place on December 23.
Anyone with information about the offence should contact Det Con Tom Mansfield at Thames Valley Police on 101 or, if you wish to remain anonymous, call Crimestoppers on 0800 555 111.
A cash reward is being offered for information about the incident.
A mismatched dog from Newbury is searching for a home, despite his unique appearance.
Crinkle is a half Sharpei and half Terrier and staff at Newbury's Dog's Trust hope potential owners will embrace the friendly pup.
Jenny Hopkins, Assistant Manager at Dogs Trust Newbury, says:“Crinkle is such a character and his unusual looks have really become a talking point at the centre. With his wrinkly face and stumpy body, it’s hard not to be won over by Crinkle’s adorable appearance.
"“He came to us as a stray so we don’t know much about his history but he is a friendly boy who loves to lap up all the fuss from staff and visitors alike."
The A34 has now reopened to traffic in both directions following a fatal collision earlier today.
Thames Valley Police is continuing to appeal for witnesses after a single vehicle collision shortly after 5am involving a lorry on the northbound carriageway just north of the A343 at Wash Common.
The driver of the lorry, a man aged in his sixties, died at the scene. No one else was injured in the incident.
The northbound carriageway between the A343 and the A4 was closed for several hours and the southbound carriageway was also closed while the vehicle was recovered.
– Sgt Carl Kneale, from the Joint Operations Unit for Roads Policing
I would like to thank motorists for their patience and understanding while the road was closed and officers attended this incident. The southbound carriageway had to be closed to allow the vehicle to be recovered safely. We are continuing to investigate this road traffic collision and I would ask that any witnesses who saw the collision get in touch via the 24-hour Thames Valley Police Enquiry Centre on 101.”
A man in his 60s has died after the lorry he was driving overturned on the A34.
Thames Valley Police is appealing for witnesses following the incident, which happened around 5am, on the northbound carriageway just north of the A343 at Wash Common.
The driver died at the scene. No one else was injured in the incident.
The northbound carriageway between the A343 and the A4 is expected to remain closed for several hours and the southbound carriageway will also be closed while the vehicle is recovered. Motorists are advised to avoid the area.
The northbound carriageway of the A34 is closed after a lorry overturned in icy weather this morning.
It happened near the service station at Tot Hill services just before dawn. The A34 has been closed between the A343 junction in Newbury and the A4 Bath Road junction at Bagnor.
Thames Valley Police it's likely there will be long delays through the area until lunch time.
Five people have been charged in connection with the seizure of around £5 million worth of drugs found in the Thames Valley.
All five men were arrested within the Thames Valley and Kent and charged with conspiracy to import heroin and cocaine and conspiracy to supply heroin and cocaine.
The men are:
- Martin Gray, aged 31
- David Bowen, aged 42
- Shorne Ross, aged 42
- Yemi Aiyegbusi, aged 35
- Razaki Hakan, aged 41
The charges are in connection with the seizure of a large amount of drugs, as well as £50,000 in cash, a hydraulic press and other drug paraphernalia.
The items were seized on Monday from a vehicle on the M40 and at properties in Woodstock and Oxford.