Mini-budget caused ‘full-scale liquidation event’ for pension funds; UK inflation hits 10.1% – as it happened

CPI inflation has jumped to 10.1%, highest in 40 years, as Bank of England reveals funds were shouting on the phone to us' after mini-budget

• UK inflation rises to 10.1% on back of soaring food prices

After soaring earlier this year, petrol and diesel prices dropped in September.

Petrol prices fell by 8.7 pence per litre on average on the month to 166.5p, while diesel prices fell by 5.0p to 181.6p per litre.