Presiding Officer Alison Johnstone ends FMQs saying: "I am aware that a statement has been made at Westminster on the health of Her Majesty the Queen.

"I will of course monitor developments and keep members updated over the course of the day, but my, and I'm sure the thoughts of all in parliament, are with Her Majesty at this time."

That's all from the live page today.

Image source, EPA

The Queen is under medical supervision at Balmoral after doctors became concerned for her health, Buckingham Palace has said.

"Following further evaluation this morning, the Queen's doctors are concerned for Her Majesty's health and have recommended she remain under medical supervision," a statement said.

"The Queen remains comfortable and at Balmoral."

Prince Charles is now with her and the Duke of Cambridge is on his way.

The Duchess of Cornwall has also travelled to Balmoral.

Read more here.

SNP MSP Bill Kidd says Liz Truss has said nuclear power and fracking have a role to play going forward.

The first minister says: "We do not intend to grant licences for fracking."

Ms Sturgeon adds: "We do not support new nuclear."

Anas Sarwar welcomes the FM's agreement to review the option to extend the rent freeze, as well as the freeze on ScotRail fares until at least March 2023, asking if the Scottish government - which now owns the franchise - will commit to reducing fares in the long term.

Nicola Sturgeon says that any such measures have to be considered within the context of the review of the government's budget, which is now worth £1.7bn less due to inflation.

"I will consider any suggestion made in good faith but if it involves more spending, that has to come from elsewhere," she points out.

Mr Sarwar says getting more passengers on trains "makes money for our railways" and helps confront the climate crisis as well as the cost-of-living emergency.

The Scottish Labour leader says the FM needs to be "bolder and more ambitious" and says the books should be opened up to all parties, calling for a "Team Scotland approach".

The FM says opposition parties have to accept the financial reality but that the government is "using our powers and will continue to use them".

Image source, Getty Images

Nicola Sturgeon has announced a rent freeze for public and private rented properties as part of efforts to help people struggling with rising bills.

The first minister said the cost of living crisis was a "humanitarian emergency" which could cost lives.

Her government is to table emergency legislation banning evictions during winter and freezing rents until spring.

There are also plans to freeze rail fares and to boost the Scottish Child Payment to £25 per week from November.

Ms Sturgeon has also written to new Prime Minister Liz Truss, asking her to convene a four-nation meeting of political leaders to focus on helping households.

• Read more here
• At-a-glance: The programme for government
• Cost of living to dominate year ahead at Holyrood
• Live coverage and reaction to the statement

Scottish Labour leader Anas Sarwar takes the chance to welcome the measures announced by new PM Liz Truss to limit rises on energy bills but says they do "not go far enough".

He points out this is not a freeze on bills, energy prices are still going up, and there is not enough support for businesses and charities, he says.

Mr Sarwar also welcome the freeze on rents for tenants and the ban on winter evictions announced by Nicola Sturgeon as part of her programme for government on Tuesday.

He asks whether the FM will extend the freeze beyond the end of March and commit to a 'rent regulator' capping any future rises.

Ms Sturgeon says emergency legislation will be introduced “very soon” so it is effective within three months of the date it was announced.

The first minister says there will be an "ongoing review" of the emergency legislation and the option of extending it will be kept open.

The emergency measures are by definition temporary, she says, but they are intended to "pave the way for longer-term reforms to bring greater affordability to the rented sector and greater protection to tenants".

Mr Ross says if the £250m wasted on the ferries is not a scandal, he does not know what is.

He says Derek Mackay called it "catastrophic".

Ms Sturgeon defends the actions of her government in saving jobs and she argues that Mr Ross "perhaps doesn't have his own troubles to seek".

Former minister Derek MacKay said he takes his share of responsibility for the failure to deliver two ferries for Calmac's west coast routes.

The former MSP was speaking to Holyrood's Public Audit Committee which is looking at why the vessels are years late and over budget.

He denied that the contract was awarded to Port Glasgow-based Ferguson shipyard for political reasons.

Mr Mackay resigned in 2020 amid a scandal over messages to a teenage boy.

Holyrood is holding an inquiry into delays and overspends at Ferguson Marine, which is still building the two ferries.

• Read more here
• Watch Derek Mackay at the Public Audit Committee

• Overdue ferry sets sail for new construction phase
• Ex-minister Mackay defends his ferry deal role

The Scottish Conservative leader says CMAL are saying the ferries may never go into service.

Mr Ross says: "We still don't know why the government made the disastrous call they did."

He refers to this morning's public audit committee where disgraced former transport minister Derek Mackay gave evidence.

The Scottish Tory leader says Mr Mackay was smuggled out of the parliament today.

The first minister says she has not had the opportunity to look at this morning's evidence session.

Ms Sturgeon goes on to quote the chief executive of CMAL Kevin Hobbs who has said there is not much now in the way of the ferries being finished.

Mr Ross repeats Nicola Sturgeon's words that she does not regret the £250m wasted on the ferries.

The Scottish Conservative leader insists that money could have been used elsewhere.

He warns that it will be difficult for the ferries to be accepted by CMAL.

The first minister refutes Douglas Ross's claim that Covid money was allocated to the ferries.

And she says she regrets the cost overrun of the ferries.

She says her government will continue to take the hard decisions to get support to where it is needed most.

The first minister tells the chamber the UK government is failing to control inflation.

Mr Ross says the Scottish government has announced £560m of cuts.

The Scottish Conservative leader asks if Nicola Sturgeon regrets so much money being wasted on ferries which has cost tax payers £250m when that money could have been used to address the cost of living crisis.

The first minister begins by also welcoming the "very belated action on energy bills".

Nicola Sturgeon points out it does not represent a halt to the rise in energy bills.

She accuses the UK government of "utter incompetence", with the costs falling on the consumer and taxpayers.

The first minister says the savings announced by John Swinney are to allow fair pay awards and for cash to be targeted to those who need it most.

She calls for increased funding for the devolved nations and says she does not regret the action the Scottish government took over ferries, as it saved Ferguson's shipyard.

Douglas Ross starts by welcoming the "decisive action announced by our new prime minister to halt rising energy bills".

The Scottish Conservative leader says this vital support will save families £1,000 on their bills.

New Prime Minister Liz Truss has unveiled plans to limit energy bill rises, spending billions to protect people from soaring prices in England, Wales and Scotland.

She told MPs that the typical household energy bill would be capped at £2,500 annually for two years from 1 October.

It will save people £1,000 a year based on expected energy prices, she said.

This is because the energy price cap was due to rise from £1,971 to £3,549 in October.

Read more here.

Public sector pay demands, help for displaced Ukrainians and rising inflation have put "enormous strain" on Scotland's budget, MSPs have been told.

Deputy First Minister John Swinney said that £500m in cuts had been identified in order to ease the pressure.

He said a lack of borrowing and an inability to vary income tax rates outside the normal budgetary timetable had left him with "no other choice".

Conservative MSP Miles Briggs said cash for another referendum appeared intact.

In a statement in the Scottish Parliament, Mr Swinney set out reductions to planned spending and forecasts which included:

• £53m in the budget for employability schemes
• utilising funding of £56m generated by the ScotWind clearing process
• £33m of ring-fend agricultural funds
• a reduction of £37m in the budget for concessionary fares

Mr Swinney said these decisions were not ones the government would have wanted to make.

Welcome to our live coverage of First Minister's Questions.

Many people will be watching Westminster where Prime Minister Liz Truss is unveiling plans to limit energy bill rises, spending billions to protect people from soaring prices.

The cost of living crisis is likely to dominate FMQs at Holyrood as well.