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despite a chinese threat that america will pay the price for her visit. liz truss scraps a plan to link public sector pay to local living costs following a backlash from a number of senior conservatives. hello, welcome to bbc news. the energy company bp has reported its second highest quarterly profit in its history. between april and june it made £6.9 billion pounds in profit three times the figure for the same period last year. the company said its oil trading performance was exceptional, and that it expects to pay more than a billion pounds in uk tax this year. the profits come as domestic energy bills are predicted to hit more than £3,500 a year this winter. our business correspondent, caroline davies, reports. from fuel to cooking, lighting to showers rising energy prices bite into household budgets. but the same high oil and gas prices that mean consumers are paying more means that energy companies are also making more money. today, bp announced it has made its ....

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