Political sketch writer, Telegraph, Michael Deacon

tweets:, external Ed Balls reaches into hat. Roots around fruitlessly. Shakes hat out. Small brown heap thumps softly onto floor. Rabbit has died of boredom

Labour - under Ed Miliband's leadership - can deliver the change Britain needs, Ed Balls tells the party. As he draws to a conclusion, the shadow chancellor lists a series of measures the party would include in its first Budget, including an energy bills freeze, a jobs guarantee for all young people, a business rates cut, a British Investment Bank, an end to the "bedroom tax" and tax cuts "for millions - not millionaires".

Columnist and leader writer for @TheTimes, Tim Montgomerie

tweets:, external Lots of attacks on newspapers at #lab14. Mail and Sun are "rags" says Unite's Political Director.

Mr Balls sounds a warning about a potential UK exit from the European Union - with the Conservatives promising an in/out referendum in 2017 if it wins the next election - and declared that it would be a disaster for British jobs and investment.

The shadow chancellor says at least 200,000 new homes will be built a year by 2020, under the party's plans.

Here's what Ed Balls has told Labour's conference: "Whatever the outcome of the Howard Davies review into airport capacity, we must resolve to finally make a decision on airport capacity in London and the South East - expanding capacity while taking into account the environmental impact. No more kicking into the long-grass, but taking the right decisions for Britain's long-term future."

On devolution, Mr Balls tells conference that Labour's economic plan would also devolve power and resources not just to Scotland and Wales but to city and county regions across England,

On corporation tax, Mr Balls reiterates that Labour would scrap the government's planned corporation tax cut to fund a reduction in business rates for small firms.

Labour would scrap the government's marriage tax break and use the money to introduce a lower 10p starting rate of income tax, Mr Balls adds.

Political Editor, The Sunday Times, Tim Shipman

tweets:, external Balls' calls for fiscal prudence being met by total silence in the room

Mr Balls says change is needed to the way the economy works citing the "hollowing out" of the labour market with "low-wage, insecure employment on the rise". He reiterates Labour's plan for a tax on bankers' bonuses to fund a "Compulsory Jobs Guarantee" for young people and the long-term unemployed.

The central theme of Mr Balls' speech is that Labour would balance the books "in a fairer way". As well as the 50% top rate of income tax rate, there would also be a "mansion tax" on houses worth over £2m.

The winter fuel allowance for the richest pensioners 5% will also be scrapped, Mr Balls tells the hall. The 50p tax rate for "the richest 1% of people" will be brought back, he adds.

Barry Smiggins, in Newbury, Berkshire

The child benefit payments do seem to be a bit of an anomaly. My wife an I earn almost 50k each but still get the full child benefit so we put it all into ISAs for the kids. They now have over 20K towards their educations costs. It's crazy that we should be able to do this.

On to the much-trailed child benefit policy announcement, Mr Balls says the party will cap the rise in child benefit at 1% for a further year, and use the projected £400m saving to help pay off the deficit.

Associate Editor at Pieria.co.uk, Frances Coppola

tweets:, external Balls giving a balanced budget commitment. Whoever said that left-wing parties don't do austerity?

Another pledge from Balls to scrap Police and Crime Commissioners "so that we can do more to protect frontline policing".

Mr Balls tells the Labour conference that Labour would cut the pay of government ministers by 5 per cent, and freeze pay until the nation's books have been balanced.