, single pound in excess profits she chooses not to tax is an extra pound on borrowing that working people will be forced to pay back for decades to come. the first cabinet meeting of the truss premiership took place earlier. it s said to be the most diverse cabinet on record. we ll have more on the new cabinet, and on the cost of living crisis, as another warning comes on the state of the economy. as business struggles, little can be done to stop the uk falling into a recession that s the verdict of the bank of england. the queen postpones an online meeting with senior ministers after being advised by doctors to rest. in pakistan, the authorities are desperately trying to stop the country s biggest lake from bursting its banks, adding to the devastation cause by the recent floods. liverpool have lost 4 1 to napoli in the opening match of the champions league the opening match of the champions league campaign. and coming up on the bbc news channel: it s a world record dea
live from our studio in singapore, live from our studio in singapore, this - live from our studio in singapore, this is - live from our studio in singapore, this is bbc| live from our studio in- singapore, this is bbc news. it s newsdav welcome to bbc news, broadcasting to viewers in the uk and around the world. we start with breaking news from canada where police say they have arrested myles sanderson four days after ten people were killed in a stabbing attack in saskatchewan. sanderson was one of two people wanted in connection with the attack. the othger, his brother, was found dead on monday. a motive for the attacks still isn t clear. we can speak now to our north america correspondent, nomia iqbal, who s in melfort, saskatchewan. nomia, saskatchewan. it is great to get you on nomia, it is great to get you on the programme. i want to start by asking you, i appreciate that there is a lot we don t know and the fact that we don t know and the fact that we don t know why
thanks. torsten bell, from the think tank the resolution foundation, joins us now. i , from what you have heard and seen today with the prime minister ditching her chancellor, kwasi kwarteng, pointing jeremy hunt, who comes from a different part of the conservative party, more centrist tradition, is that going to be enough to bring financial and political calm? taste enough to bring financial and political calm? enough to bring financial and political calm? enough to bring financial and oliticalcalm? . ., , ., political calm? we all got used to confusin: political calm? we all got used to confusing economic political calm? we all got used to confusing economic times - political calm? we all got used to confusing economic times but - political calm? we all got used toi confusing economic times but the last month has definitely been the most last month has definitely been the most chaotic economic policy making i most chaotic economic policy making i have most chaotic ec
the role children. theyjoin 1800 people at the the role children. theyjoin1800 people at the westminster abbey event hosted by their mother and had prince charles s 110w now it is time for review 2022. one story has been rising prices stop we have been reflecting on the causes and consequences of the squeezed economy and the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at ten, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headache
pope, benedict xvi, on the first day of his lying in state. you are watching bbc news. now it s time for review 2022. and one story that s led news bulletins in the uk throughout the last 12 months has been rising prices and their impact. victoria valentine, along with our team of economics and business correspondents, have been reflecting on the causes and consequences of the squeezed economy and the cost of living. big ben tolls. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at 10, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global econ