Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened
by Graeme Wearden from on (#5X2TA)
Rolling coverage of the latest economic and financial news
- Latest: IMF's Ukraine warning
- Oil has dropped away from 14-year highs
- Protestors occupy London mansion
- Russia could make Wednesday's debt repayments in roubles
- Markets rise on peace talk hopes.....but China hit by new lockdowns
- Russian default on debts no longer improbable', says IMF head
- What happens if Russia can't pay its debts after western sanctions?
The traditional men's suit has been removed from the basket of goods used to calculate the UK's annual inflation rate - the latest casualty of the increase in working from home since the start of the Covid pandemic two years ago.
The Office for National Statistics said the change in working patterns meant the suit was no longer one of the 700 representative goods and services selected to measure the UK's cost of living.
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