with me are miatta fahnbulleh, who's the chief executive of the new economics foundation — a left—wingank, and baroness ros altmann, a former pensions minister in david cameron's conservative government. tomorrow's front pages starting with... the metro is leading with the cost of living crisis and a message from consumer champion martin lewis — who is demanding action on energy bills from what he calls the �*zombie government'. the conservative leadership race is on the front page of the i, which says liz truss has softened her stance on �*handouts' for the cost of living crisis. her rival rishi sunak�*s economic policies come under scrutiny on the front of the telegraph, as it says taxpayers would pay an extra 30 billion pounds a year due to inflation and mr sunak�*s income tax threshold freeze. the financial times leads on the news that tory leadership candidate liz truss is backing the introduction of new powers for ministers to override city of london regulators — a plan that was first so, let's begin. wa ke wake up zombies, the consumer champion there's been posting a lot of stuf

the papers will be back again tomorrow evening with miatta fahnbulleh, who's the chief executive of ther now, goodnight. dubai a paper in the morning. —— do buy a paper in the morning. after 11 days, 280 medal events and over 4,500 athletes from 72 nations, a spectacular end to the commonwealth games was staged at the alexander stadium. the closing ceremony showcased some brilliant performances from a host of top artists including mahalia, jaykae and ash. 30,000 people cheered on the show which also included a formal handover to the state of victoria in australia, which will host the 2026 edition of the commonwealth games. in the last of the sporting action, there was more success for the home nations. but now that the games have ended, how has it left its impression on the city of birmingham? our sports editor, dan roan, looks at the legacy of the games. birmingham has savoured its moment in the sun. with almost 1900 medals at stake... northern ireland. ..there has been no shortage of sporting highlights. an incredible race. the hosts embracing an event that raised spirits... yes! ..ch

it to you at 10:30pm and 11:30pm this evening in the papers. 0ur guestsjoining me tonight are miatta fahnbullehw economics foundation, a left—wing economics think tank, and baroness ros altmann, a former pensions minister in david cameron's conservative government. to america — where there's a huge political row, following the fbi's search of donald trump's estate in florida, mar—a—lago. the search is said to be connected to an investigation into mr trump's handling of official white house papers. the former president has complained about what he called a raid "by a large group" of agents, including breaking into his safe, while he wasn't there. neither the fbi nor thejustice department has made any comment on the reported search. 0ur north america correspondentjohn sudworth reports from washington. breaking overnight, the fbi executes a search warrant at mar—a—lago. unprecedented raid at former president trump's mar—a—lago estate. this was an occasion where the hyperbole of the us headline writers matched the moment. the police search marks a major escalation in the investigations and swelling

joining me now is miatta fahnbulleh, who is chief executive of the new economics foundation. was the wrong call by the bank _ affected. i think it was the wrong call by the bank of _ affected. i think it was the wrong call by the bank of england. - affected. i think it was the wrong i call by the bank of england. we are likely to bring into recession in the autumn, increasing interest rate which, by the way, will not solve inflation because we know inflation is being driven by energy prices coming from outside and also supply chain disruption due to the aftermath of the pandemic. it is not because the economy is overheating so increasing interest rate doesn't solve the problem, it will exacerbate the risk of recession and in the end it will be people already being squeezed who will be hit by increased mortgage payments and also millions of people are borrowing to get by on the cost of credit will go up get by on the cost of credit will go up and it will choke the economy and investment. absolutely the wrong call. the bank of england's governor said, it understood the rise in

let's talk to miatta fahnbulleh, ceo of the new economics foundation, a left—of—centre think tank. there, the biggest drop in living standards for decades?— for decades? yes, so this is going to feel really _ for decades? yes, so this is going to feel really painful— for decades? yes, so this is going to feel really painful for— for decades? yes, so this is going to feel really painful for people i to feel really painful for people because we are seeing real wages plummet and why it feels so tough is because it's off the back of near on a decade in which wages have been stagnant so for me this long term trend has got to be addressed and, yes, there are absolutely short term things we must do to alleviate the cost of living but we also going to have to do things to boost peoples incomes so for example increasing... pay at the bottom end, making sure national living wage actually reflects the true cost of living, strengthening the powers of workers to negotiate better pay deal and at the moment the government is bashing the moment the government is bashing the unions rather than stre