LONDON (Reuters) -Britain’s housing market lost steam last month as demand faded from buyers concerned about possible tax increases in finance minister Rachel Reeves’ budget on November 26, a survey showed on Thursday.

The Royal Institution of Chartered Surveyors’ measure of new buyer enquiries fell to a net balance of -24 in October, down from -21 in September.

It was the weakest reading since April when Britain lowered the price threshold at which homebuyers become liable to pay the property purchase tax known as stamp duty.

A gauge of agreed home sales also dropped further into negative territory to -24 from -17 in September.

“Ongoing uncertainty surrounding potential measures in the upcoming Budget are thought to be compounding the cautious mood among both buyers and sellers, while

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