Following Russia’s invasion of Ukraine, find out more about the impact on the UK's economy.
Russia’s invasion has materially altered the near-term outlook for the UK and global economies and increased uncertainty over the path ahead.
The below summarises early analysis on the impact on the UK economy via four main channels: energy (and other commodities), trade, financial links and confidence. It concludes with a brief discussion of the possible implications for UK inflation, growth and the outlook for interest rates.