The Office for Budget Responsibility (OBR) has warned of the potential harm the Ukraine crisis could do to the UK economy if the situation continues to escalate.
The OBR said: "Developments in Ukraine are not expected to have a large impact on the UK in our central forecast.
"However, if the situation escalates or continues for a prolonged period, there is a risk of higher commodity prices affecting inflation and output growth.
"There could also be a broader risk through trade linkages and financial exposure to Ukraine, Russia and other affected countries."
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