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, 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

Prime ministerLiz trussEnergy billsWindfall taxEnergy firmsHouse of commonsPound ingexcessCabinet meetingTruss premiershipBank of englandBusiness strugglesThe cost of livingBbc news channelChampions leagueWorld recordKiera walsh