Germany braces for gas rationing as Putin’s rouble payment deadline approaches – as it happened

• German economy minister urges consumers and businesses to cut back: every kilowatt hour counts'
• Russia's top lawmaker suggests fertiliser, grain and other commodities should also be paid for in roubles
• British and Dutch gas prices jump on supply fears
• German inflation jumps to 41-year high of 7.3%
• BioNTech sales and profits surge on Covid jab
• UK government to host crisis meeting on rocketing fertiliser prices
• Closing summary
• Ukraine live updates

The business secretary has effectively ruled out a windfall tax on North Sea oil firms to fund discounted energy bills but promised much greater investment in solar panels, wind and nuclear to reduce reliance on Russian oil and gas, report Rob Davies and Mark Sweney.

Speaking amid reports of a cabinet split over landmark energy security plans due to be published within days, Kwasi Kwarteng offered up a tax on oil companies, backed by Labour, as the one policy that definitely will not find favour with ministers.