MPS CALL FOR UK TO GO FURTHER ON SANCTIONS

The UK, EU and US announced various sanctions on Russia yesterday following its invasion into eastern Ukraine (BBC News). Some MPs have called on the prime minister Boris Johnson to go further with more sanctions (Financial Times). Labour leader Sir Keir Starmer said ?we must be prepared to go further? in response to Mr Johnson's announcement yesterday (Sky News).

Meanwhile, foreign secretary Liz Truss told Sky News that Britain will stop Russia selling sovereign debt in the United Kingdom (Reuters).

ONLY ?MODEST TIGHTENING? OF MONETARY POLICY NEEDED, SAYS BOE?S DEPUTY GOVERNOR

The Bank of England's deputy governor Sir Dave Ramsden said yesterday that only a ?modest tightening? of monetary policy should be needed and that consumer inflation will fall below the Bank's two per cent target within two years (Financial Times). Speaking at the National Farmers? Union conference in Birmingham yesterday, he said that he does ?not envisage the rate rising to anything like its pre-2007 level of five per cent or above, let alone the kind of levels we saw before the MPC was formed in 1997? (The Times).

NEWS IN BRIEF

The number of residential property transactions fell by 22 per cent in January to 85,000 compared to December 2021, according to official figures from HM Treasury (The Times)

Meg Hillier, chair of the Public Accounts Committee, has warned that taxpayers will be exposed to financial risks for decades across the government's Covid-19 support measures (BBC News).

British employers have more positive expectations about the economy for 2022, according to the Recruitment and Employment Confederation's latest jobs survey (Reuters).

The Scottish first minister Nicola Sturgeon announced yesterday that the wearing of face masks will no longer be a legal requirement from 21 March and that vaccine passports will not be needed from 28 February (The Times).