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Non-residents will have to pay capital gains tax (CGT) on residential property sales in the UK from April 2015, reversing the current rule, George Osborne announced today.

The Chancellor has cut the UK's borrowing levels substantially in the Autumn Statement, substantially revising down March's forecast.

The UK's surprise economic recovery looks on course to continue as Chancellor George Osborne raised his forecast for UK growth over the next few years.

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It is still the main topic in town. We have had some wobbles in markets as investors have taken fright at the idea of fewer new dollars around.

The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.

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