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UK property tax cut won't stoke bubble: survey
Published Tue, Dec 16, 2014 · 09:50 PM
London
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 to reduce transaction taxes on most homes on Dec 3, just five months before the UK general election.
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