On the 4th of January the Environment Agency issued an update on the situation regarding river levels and flooding in the area. They do not expect any significant flooding to occur other than that which is normal for this time of year. They say:
Somerset Levels & Moors situation update: as at 15.00 hours, Monday 4 January 2016 from Environment Agency Wessex Area (Bridgwater Office)
This briefing has been prepared in response to recent enquiries in order to provide local residents and partners with an update on the current situation and the forecast for the next few days. We are not planning to release regular bulletins unless conditions in Somerset change significantly.
It is important to note that none of our key trigger points have been met and that local systems are managing the current and expected rainfall in the way we would expect for this time of year.
For more information on road closures, please contact the Highways Department at Somerset County Council.
For more detailed information please see the full report which can be found here