Drainage on the levels is fairly irrelevant this time (except as a political football). There have been a few years that were unusually wet, but the heavy rains and damage over the past few years (think through all the heritage railway slips just as a starter) have been quite exceptional in themselves, and this year is simply off the scale. The levels haven't received that much water since records began, and by a large margin. If it's a one off them you can just relay all the cables, curse and get on with it, but the evidence on the weather science side is that it's not, it's part of an extreme weather trend.
If the computer models continue to show this is likely to become a new "normal" winter then there will have to be yet more major (and very expensive) work at all the known flooding problem spots, and many of the "doesn't quite flood" locations which will all become 'floods all the time' spots - Exeter, Dovey Junction, Yeovil, Quakers Yard, and so forth.
Time to spend the HS2 money on something a bit more sensible.
Alan