Jobs at risk as Morrisons shuts 132 McColl’s stores; calls grow for broader energy windfall tax – as it happened

Supermarket chain plans to close loss-making McColl's stores, as it tries to regenerate business

• BP expects to pay 700m in windfall tax after bumper profits

BP has cleaned up' thanks to the jump in the oil price this year, explains ITV's Joel Hills:

Ed Miliband MP, Labour's Shadow Climate Change and Net Zero Secretary, says the prime minister should be ashamed that his levy on the energy industry's profits hasn't brought in more money.

Today's profits at BP are damning evidence of the failure of the government to levy a proper windfall tax.

Rishi Sunak should be hanging his head in shame that he has left billions of windfall profits in the pockets of oil and gas companies, while the British people face a cost of living crisis.