UK economy rebounds; Evraz directors resign after Abramovich sanctioned; BAT quits Russia – as it happened

Rolling coverage of the latest economic and financial news

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• UK GDP rose 0.8% in January... but growth likely to slow
• Full story: Evraz board resigns after sanctions imposed on Roman Abramovich
• UK farmers warn soaring gas costs could cut food production
• Russia plans to seize assets of western companies that pull out

The National Farmers' Union has warned of a huge drop in UK-grown crops, including peppers, cucumbers and aubergines, as it becomes too expensive to produce them.

The NFU said producers of crops who use glasshouses are looking at a drop of up to 50% in the amount they can afford to grow because of the crippling increase in the cost of the gas they use for heating.

We are already seeing massive contraction, these costs are making it impossible to grow. The only thing is to keep these glasshouses empty."

We have really got to look at the gas requirements for the whole industry and where to look to intervene otherwise we are going to see less British production."