"Are you as chancellor going to cut the benefit bill?" Robinson asks.

The chancellor says the bill Labour has inherited is too high and increasing too much.

She then turns to the youth employment scheme announced today.

Citing a line from the announcement that "those who refuse the offer of work without a reasonable excuse" will face sanctions, Robinson asks if the phrase "reasonable excuse" is too broad.

"No, being on benefits is not an alternative to being in work," says Reeves.

Robinson says he's asking for evidence that the government has "the stomach" to enact this policy.

"This is not controversial," Reeves says. There have always been conditions on the benefits system, she adds.

Nick Robinson presses the chancellor further on welfare spending, including the rumoured lifting of the two-child benefit cap, introduced in 2017.

He asks Reeves: "Where is this iron clad discipline? Are you ever going to say no to these people?"

Reeves says in "every fiscal event" the government has been able to make the numbers add up through difficult decisions.

Reeves is now speaking on the Today programme.

Nick Robinson starts by asking her if, despite talk of "iron clad" discipline, she buckles under pressure - citing U-turns this year on cuts to benefits and winter fuel payments.

"We faced a difficult challenge when we came into government," she says, citing public finances "in a mess" and public services "on their knees".

Since Labour's election, they've "maintained that commitment to economic discipline".

But you buckled under pressure on winter fuel, Robinson pushes back.

"We've had to make a number of difficult decisions in the last year," Reeves reiterates.

The next stop on Chancellor Rachel Reeves' busy morning media round is the BBC's Radio 4 Today programme.

As we have so far, we'll bring you all the key lines - and a reminder that you can watch live at the top of the page.

BBC Breakfast's Sally Nugent asks Reeves how she has personally dealt with such a challenging year.

She acknowledges there has been difficult days, with "some of them very public" - as a reminder, Reeves was seeing crying in the House of Commons earlier this year.

But she says she wouldn't swap any of those days for being back in opposition.

"I am genuinely loving this job and the chance to serve," she adds.

That's the end of her BBC Breakfast interview.

Can you guarantee that you will not extend the freeze on income tax thresholds, Reeves is asked.

"I'm not going to be able to do that," says Reeves.

As a reminder, the thresholds - the rate at which people start paying higher tax rates - have been held down for years, meaning more people pay higher rates. They are currently frozen until 2028.

Reeves is pushed again on the freeze on income tax thresholds.

Reeves refuses to be drawn on this: "We are at risk of writing a budget live on air," she says.

The chancellor is now being pressed on the possibility of raising VAT, following Starmer's comments on the matter yesterday.

Reeves echoes Starmer's words, assuring that the commitments around VAT in the Labour manifesto "do stand".

As a reminder, Labour's manifesto promised to "not increase taxes on working people, which is why we will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT".

Reeves says that ordinary working people "bore the brunt" of economic mismanagement from the Tories.

When questioned further about the possibility of VAT hikes, Reeves says: "Judge me on my record."

Reeves is now asked about the warning that a third of pubs could close without support from the government.

The chancellor says in last year's Budget, the government said they would "fundamentally reform" the business rates system.

The reform would make sure big multi-nationals "pay their fair share" and "give a break to those businesses in our local communities".

She says the government has been consulting with the hospitality sector and will set out details soon.

Now Reeves is talking about Labour's pledge that every primary school will have a library, external by the end of this Parliament.

"This is something really personal to me" says the chancellor, who explains that when she was at school, her library was turned into a classroom due to lack of space.

There are 1,700 primary schools without a library, she says, calling them "places of inspiration" to study and explore new ideas.

Reeves is asked what will happen if an unemployed young person turns down their work placement.

The chancellor says it has "always been the case that benefits are not an alternative to work".

This scheme is no different, Reeves says, so young people must take a job up if it's available to them.

She reiterates the need for a system "based on contribution and reciprocity".

Chancellor Rachel Reeves is asked what sort of jobs young people will be offered as part of her scheme to offer guaranteed work for youngsters out of work.

Reeves mentions the "devastating" impacts on those who face unemployment, especially at the start of their careers.

Pressed on where people will be offered jobs, Reeves says these jobs could be "in a whole range of sectors" - mentioning retail, culture and government jobs.

But as before, there are no specific firms mentioned - the chancellor said earlier that detail would come later.

Chancellor Rachel Reeves is now speaking to BBC Breakfast, ahead of her speech at Labour's annual conference.

We'll be bringing you the latest lines here, or you can follow along by clicking watch live at the top of this page.

Chancellor Rachel Reeves is due up on BBC Breakfast soon - you'll be able to watch live at the top of the page. Here's what she said in her first BBC interview of the day, on 5 Live:

• Reeves said she's "proud of what we've achieved in these first 15 months" but recognised "there is more to do"
• Pressed on whether she should be proud of relatively sluggish economic growth, Reeves said it was the "fastest growth in the G7"
• The chancellor also cited cuts to interest rates, increases to the the minimum wage, and trade deals as reasons for optimism
• She outlined plans for work placements for young people in long-term unemployment, but admitted no businesses or industries had signed up yet

• On migration, she repeated what Prime Minister Starmer said yesterday, calling Reform UK's policy of scrapping indefinite leave to remain "racist"

Rick Edwards now moves on to migration, and questions whether it is Reform UK who are setting the agenda for Labour's party conference - with a nod to the home secretary's new tougher rules.

Reeves dismisses this idea, emphasising it is Labour who are in government.

On Reform UK's policies, Reeves says "deporting people legally who are legally working in the UK and have been here some period of time...I do think that is racist".

That echoes what Keir Starmer said yesterday on the BBC.

The chancellor claims the next general election will be between a "progressive Labour government" and Reform UK.

After saying she is "proud" of the government's record, Reeves is pressed further on the lack of growth in the UK economy, and a lack of confidence from businesses.

"This is all on you, do you not recognise that?" asks Rick Edwards.

She again says there is "more to do". But she again cites new trade deals, citing the $150bn of investment from US firms two weeks ago, as well as the UK's trade deal with US President Trump.

Reeves accepts it "takes time to turn things around". "I accept that," she says.

She again mentions the five cuts in interest rates and a rise in wages, but says the government's got "a lot more to do".

Reeves is now asked how businesses can plan for the future when the Budget is later than usual this year.

"We said at the general election we'd move to one Budget a year" says Reeves.

The previous government had too many changes, she adds, with Budgets every few months.

This "created uncertainty", adding that having them less frequently avoids "ups and downs" in taxes and policy changes.

Speaking more broadly, she says she is "proud of what we've achieved in these first fifteen months", Reeves says.

She cites "the fastest growing economy in the G7", five cuts to interest rates, and trade deals.

"I do recognise there is more to do," she adds.

Reeves is pressed by Rick Edwards on what sectors have signed up to provide work placements for unemployed young people.

She says the government is making the announcement today, but is unable to draw of specific businesses who have signed up.

"I've got no doubt businesses will get behind this," the chancellor insists.

Reeves begins by talking about the government's plans to support young people into paid employment.

She says people should be contributing, and if after 18 months you haven't been able to find work, or be back in education or a trade, then you should take up an offer of paid employment.

She says that one in eight young people currently aren't in education, training or paid employment, adding: "We can't let that stand."

"There is precedent here, when Labour was last in government we introduced the new deal for young people," she says, adding that it helped thousands of young people.

Chancellor Rachel Reeves is speaking to BBC Radio 5 Live now, ahead of day two of Labour's annual conference.

We'll be bringing you the key lines here, or you can listen live at the top of this page.

Image source, Reuters

While Reeves - who's about to speak on 5 Live - will want to talk about her new youth employment pledge, she will also likely be asked about migration.

The Home Secretary Shabana Mahmood is set to announce a series of conditions migrants will have to meet to qualify for indefinite leave to remain.

Under the new proposals - expected in her speech to Labour's annual party conference later today - migrants will have to learn English to a high standard, have a clean criminal record and volunteer in their community to be granted permanent settlement status.

Currently, migrants can apply for indefinite leave to remain after five years in the UK. The immigration status grants the right to live, study and work in the UK permanently.

Labour plans to double the period it takes to gain the status from five years to 10.

• Read the full piece on the home secretary's expected announcement today