LONDON (Reuters) -A recovery in Britain’s housing market lost steam at the fastest pace in a year last month as some buyers worried about possible tax increases in finance minister Rachel Reeves’ next budget, the Royal Institution of Chartered Surveyors said on Thursday.

Measures of buyer demand and agreed sales turned negative, the near-term sales outlook was flat and more surveyors reported house prices falling than rising, RICS said in a monthly report.

RICS Chief Economist Simon Rubinsohn said the outlook was clouded by uncertainty over the Bank of England’s next moves on interest rates after the Monetary Policy Committee only narrowly voted to cut borrowing costs last week.

“Meanwhile, uncertainty about the potential contents of the chancellor’s autumn budget is also raising some c

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