Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Commuters in London, with Tower Bridge in the background, on 10 February 2023. Photograph: Neil Hall/EPA

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Key event

We also have encouraging signs that inflationary pressures are easing in America.

The Producer Price Index for final demand declined by 0.5% in March, showing that US goods and services makers cut their prices last month.

For first time since April 2020, both headline and core PPI fell m/m … former -0.5% and latter -0.1% … both largest decreases since April 2020 pic.twitter.com/M8jmRDoR8J

— Liz Ann Sonders (@LizAnnSonders) April 13, 2023

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Closing post

Time to wrap up… here are today’s main stories: