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5 Things You Need To Know, Today, on Wednesday 23rd February 2022
5. Adverts for drinks firm Innocent, which is owned by Coca-Cola, have been banned after the advertising regulator ruled they "misled" customers over the firm's environmental impact.
The watchdog said the adverts did not show that Innocent's single-use plastic products had a "net positive" environmental impact over their full life cycles.
4. Mistakes, waste and fraud that led to billions of pounds of Covid loan support being lost were "unacceptable", the head of a group of MPs has said.
Previous official figures estimated the government is unlikely to recoup up to £21bn of Covid loans to business.
3. Pharmacy Boots will begin selling single Covid tests for £5.99 from Wednesday, despite free kits being available via the NHS until 1 April.
Customers can purchase a pack of four lateral flow tests online for £17, or one test for £5.99, including delivery.
2. Rising inflation led to government interest payments hitting a record high for the month of January, figures show.
Interest payments hit £6.1bn last month, the highest amount for a January since records began in April 1997 and up from £4.5bn last year.
1. The US has hit Russia with wide-ranging sanctions over what President Joe Biden called "the beginning of a Russian invasion of Ukraine".
The UK and European Union also announced a wave of sanctions against Russian banks and individuals earlier on Tuesday.