"If our economy is to thrive it needs to harness the talents of everyone," Jeremy Corbyn tells his audience as he closes his speech.

"This is about making our economy stronger, the workplace fairer [and] reducing the discrimination that holds people back.

"The injustices that scar society today are not those of 1945: want, squalor, idleness, disease and ignorance," Jeremy Corbyn says.

The Labour leader says the five ills now are: "Inequality, neglect, insecurity, prejudice and discrimination."

"We have helped change the debate on welfare," Jeremy Corbyn says.

"No frontbench politician is now using disgraceful, divisive terms like ‘scrounger’, ‘shirker’ or ‘skiver’. They have been shamed by the reality of life… for millions of our people in left-behind Britain."

He continues: "Every single plank of George Osborne’s failed and destructive economic programme is being torn up."

He argues that, before he became leader, Labour "was too cautious in criticising cuts... Now, you’re hard-pressed to find even a Tory to defend it".

He adds: "One fiscal target after another has been ditched, first by Osborne, and now by Theresa May. The long-term economic plan is dead."

Jeremy Corbyn begins his speech saying Labour has won three by-elections recently and "overtook the Tories" in the English local elections.

"This is a big party," he says, referring to the increase in Labour members.

He says Labour has challenged what he calls "the government's callous welfare policies". Many families are better off "because Labour stood up and opposed cuts to tax credits".

Victoria Derbyshire

Ahead of Jeremy Corbyn's speech, Norman Smith says the Labour leader's "big theme" is tackling discrimination.

This includes issues such as women being paid around 20% less than men for doing the same job and many low-paid jobs being done by female workers.

Mr Corbyn is proposing that a future Labour government will require firms with more than 21 staff to publish equality pay audits, so it would be "quite clear" which companies are paying women less.

Team Corbyn "are pretty confident" as they go into the leadership contest, Norman adds. More than 180,000 people have signed up to take part in the election - and  Mr Corbyn's team think the majority of them are his supporters.

House of Commons
Parliament

Labour MP Stephen Kinnock asks how much it will cost to hire the "lawyers and trade negotiators necessary" to "disentangle" the UK from the EU.

If there is no cost estimate now "when will one be ready", he asks.

Attorney General Jeremy Wright replies there will be a cost estimate when one is ready.

"We will need the best advice we can have," and while the government "already has some capacity" he admits they will need to look outside for help.

The latest figures on the public sector finances, external are out, showing that net public borrowing (excluding public sector banks) was £7.8 billion in June, £2.2 billion lower than June 2015.

"Public sector net borrowing (excluding public sector banks) decreased by £2.3bn to £25.6bn in the current financial year-to-date (April to June 2016), compared with the same period in 2015," the report says.

Chancellor Philip Hammond said: "These public finance figures highlight the underlying strength of the British economy. Ahead of the referendum monthly borrowing continued to fall, with the deficit in June the lowest it has been since 2007.

“As our economy now adjusts to reflect the referendum decision it is clear we will do so from a position of economic strength.”

The report also says that total "public sector net debt (excluding public sector banks) at the end of June 2016 was £1,620.7bn, equivalent to 84.0% of gross domestic product (GDP); an increase of £47.6bn compared with June 2015".

The Guardian

Earlier on Today, shadow cabinet member Diane Abbott called on Labour leadership challenger Owen Smith to urge the party's MPs to back Jeremy Corbyn. The comments follow an interview in the Guardian, external in which Mr Smith said he was "furious" with Mr Corbyn's performance opposite Theresa May at Prime Minister's Questions.

While Ms Abbott blamed Labour MPs "sitting on their hands" for the party's problems in the Commons, Mr Smith "accused Corbyn of letting the new prime minister off too lightly at a time when the Conservatives had made cuts to public services and tax credits but were still trying to lecture Labour over social justice", the paper reports.

"I was more than frustrated: I was furious that we were sitting there with a Tory government that has imposed swingeing cuts on public services, on tax credits, on universal credit, that have smashed women and public sector workers the length and breadth of Britain, and we are taking lectures from them about social justice and economic fairness,” Smith said.

The Guardian also reports that Mr Smith had "approached Momentum, the grassroots group that grew out of the campaign to elect Corbyn to the leadership last summer to ask if he could make a direct appeal to its members".

House of Commons
Parliament

Several SNP MPs argue about the legality of the vote for Brexit forcing Scotland - which voted Remain - to leave the EU.

SNP MP Martyn Day argues that if "Brexit means Brexit" in the UK, "remain means remain" in Scotland .

While Alison Thewliss questions whether a "legislative consent motion" is needed from each of the devolved administrations before Article 50 can be triggered.

Attorney General Jeremy Wright says that while "all parts of the UK" should be able to "participate in the process" of the UK leaving the EU it would be wrong for "any part of the UK to have a veto over this process".

"The people of the UK have spoken and their sovereignty should be respected."

Carole Walker
Political correspondent

Barbara Ntumy of pro-Corbyn group Momentum told BBC Breakfast earlier that Jeremy Corbyn would continue to be Labour leader because he has the overwhelming support of the party membership.

She said more than 180,000 people had joined the Labour Party to vote in the leadership contest because "our political landscape has changed, we are talking about issues that really affect people".

She said: "People don’t want politics done to them they want to be part of politics... If you can mobilise so many people to join a party it’s not a long shot to mobilise many people to turn up for an election and vote."

Ms Ntumy added that Jeremy Corbyn has a mandate from the membership "so right now it's the membership versus" the parliamentary party.

Nick Higham
BBC Correspondent

Today Programme
BBC Radio 4

Shadow health secretary Diane Abbott says leadership contender Owen Smith's past job as a pharmaceutical "lobbyist" will not win him support from the grassroots of the party. "The Tories have just had a former PR man/lobbyist as their leader," the Jeremy Corbyn supporter tells Justin Webb. "They've now moved beyond that."Mr Smith on Wednesday defended his work for Pfizer, saying he had never advocated privatisation of the NHS.  

There will be an urgent question at 10:30 BST, when Education Committee chairman Neil Carmichael will ask the education secretary about school funding.