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UK property tax cut won't stoke bubble: survey

Property activity has softened in recent months, with mortgage approvals falling to the lowest in more than a year in October.


GEORGE Osborne's tax cut for homebuyers isn't reviving concern about another property bubble.

That's according to Bloomberg's monthly survey, which showed two-thirds of 36 economists don't expect the move to increase the risk of overheating. Mr Osborne announced the decision