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He insisted the government would continue to press international creditors to give the recession-plagued country more time to meet budget deficits by extending its fiscal consolidation programme from 2014 to 2016.
Overnight, European commissioner Olli Rehn signalled that the eurozone may finally be prepared to bow to pressure and relax its fiscal consolidation programme in some countries – where the belt tightening is clearly doing more harm than good.
11.02am GMT Guardian columnist Polly Toynbee has warned that Britain faces an "unimaginable" dose of austerity in future, as less than half of George Osborne's fiscal consolidation programme has yet taken place.
And one-third of the extra tax revenues will be used to lower the payroll taxes that go into the unemployment-insurance scheme.The fiscal "consolidation programme" will still be financed more by tax increases than by spending cuts.
The agency applauded Osborne for sticking to Plan A, saying the UK's triple-A rating was supported by the fact that "the current fiscal consolidation programme remains intact and the government has demonstrated its willingness and ability to take action to address shortfalls".
The key drivers of the downgrade were: 'continued weakness in the medium-term growth outlook, challenges that subdued growth poses to the government's fiscal consolidation programme, and, as a consequence of the UK's high and rising debt burden, a 'deterioration in the shock-absorption capacity of the government's balance sheet …' Difficult to argue with that.
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So now we have to make these fiscal consolidation programmes more growth-friendly - less taxes, less government expenditure, more expenditure on infrastructure.
The eICE report ends by saying: "It is recommended that commissioners and providers consider the need for catch up or consolidation programmes, based on the guidance in this framework".
That is why loess areas require special land consolidation programmes taking into account specific geomorphological conditions.
Examples of suitable initiatives for LFGs are: centralized receiving [1, 6], off-hours delivery programmes [7, 8], off-site consolidation programmes [9, 10, 11], parking pricing [12] and loading bay reservation systems [13].
The implementation of land consolidation programmes is very low in loess areas, which results besides social and economic aspects from the occurrence of a diverse mosaic of fields and varied topography.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com