MPs have criticised the Government at being too slow in bringing in measures that will protect homes and businesses from the impact of flooding in a report prepared in response to the draft Water Bill.
Water Minister Richard Benyon welcomes the draft Bill and says the Government is investing £2.3 billion on building flood defences.
He said: "As unpredictable rainfall and population growth puts an increased pressure on our water supplies we need a water industry that is fit for the 21st century.
"This Bill will ensure our water supplies remain affordable, resilient and sustainable for the future."
He also said that the vast majority of the recommendations in the Pitt Review into the devastating 2007 floods had been implemented, making the country better prepared than ever to cope with flooding.
"We are doing all we can to protect homes and businesses from flooding, we are investing over £2.3 billion on building flood defences and expect to exceed our target to protect a further 145,000 properties by 2015," he said.
MPs have criticised the Government at being too slow in bringing in measures that will protect homes and businesses from the impact of flooding.
The Commons Environment, Food and Rural Affairs committee said the draft Water Bill would help increase competition in the provision of water supplies for customers.
But ministers are not showing enough urgency in implementing measures that will improve the country's resilience to flooding and drought, the MPs said.
A report from the committee criticised the failure to create sustainable drainage systems to prevent flooding from surface water, through measures such as stopping people laying impermeable surfaces in back gardens and businesses.
And ministers are taking too long over moves to improve the safety of reservoirs at risk of flooding, the report on the draft Water Bill said.