The suppression of supply by tightening planning and raising taxes on development, and the failure to control demand, for example by adequate financial regulation, have left house prices relative to incomes near record highs, even now.
Under pressure from many backbenchers, he has tightened planning controls on windfarms and pledged to "roll back" green subsidies on bills, leading to fears of dwindling support for the renewables industry.
"The problem with the British consolidation was too much tax increase," said Kevin A. Hassett, an economist at the American Enterprise Institute who co-authored a study concluding that successful fiscal tightening plans tend to be those that rely on spending cuts for at least 80 percent of deficit reduction.
The government plans to improve soil conditions by tightening the planning system to make developers take soils into account, encouraging farmers to put back more organic matter back and preventing industrial pollution.
She added that the country needed to put a budget-tightening plan in motion, but that it need not be "upfront, heavy duty" fiscal consolidation.
Cutting tax breaks for firms as part of the budgetary tightening now planned by the government to free the IMF loan would make the business environment even more difficult.
Police in Cleveland said they were tightening security plans for next week's Republican National Convention, which caps a political season marked by incendiary rhetoric and occasional violence at campaign rallies.
The mayor could tighten his plan out of tactical necessity, if minority aldermen who often support him want a tougher measure.
bought the site at the height of the property boom in 2006, but when the recession hit and credit tightened, its plan to create a giant housing, leisure and retail complex collapsed.
Dozens of college presidents, especially at wealthy institutions, have sent letters and e-mail to students and their families describing their financial situation and belt-tightening plans.
He is on the speed dial of European policy makers and United States Treasury Department officials who are eager to convince him that their belt-tightening plans are sufficient to avoid a negative report.
