UK inflation rose by 0.5% in September to 10.1%, bringing the Consumer Prices Index (CPI) back to a 40-year high.

Property funds will have to sell offices and warehouses to meet pressure from redemption requests

Newly appointed UK chancellor, Jeremy Hunt, announced the scrapping of Kwasi Kwarteng’s tax cuts to salvage the financial markets.

Here are this week’s highlights in the UK economy.

Billions of commercial property values in the UK are likely to be decimated should borrowing costs continue to spiral.

The Bank of England suggested a possible interest rate hike this November as the Monetary Policy Committee convenes again.