Owen Smith is taking questions from journalists in the audience.

On the NHS he says he believes "fundamentally" in a service free at the point of use and publicly owned.

In response to another question, he says he would "renationalise the railways tomorrow".

On Brexit, he says politicians should be "brave enough" to keep testing public opinion as negotiations develop, hinting again that he would back the possibility of a second referendum on EU membership.

"We should test drive" what Brexit means for the UK, before "rubberstamping", he says.

Owen Smith says he is standing to "heal and unite" the party, saying he will do it "not just with speeches", but every day. 

"I didn't expect to be here today, I didn't expect to be running for leader," he says.  

If appointed, he promises to create a shadow cabinet, and also a cabinet of Labour party members to inform him how he should be responding to challenges, and what the leader "should be hearing" from Labour's membership.

He says there is a "clear and present danger" of a split in the Labour Party. 

"Never on my watch will this party split," he says, concluding his launch speech with the words: "I will not let you down".

On the recent publication of the Chilcot report, Owen Smith says the Iraq war was "a terrible mistake". 

Jeremy Corbyn is "right" in his stance on the issue, "but we have to say what we're going to do about it". 

It's time for Labour to recommit to "proper, ethical foreign policy", he says. Labour is a party that "believes in peace and internationalism above all else", he adds, and war is a "last option". 

But he says Labour is also "not a pacifist party that will turn away from those in need".  

It's "extraordinary" that Theresa May has scrapped the government's climate change department.

He says he will commit to "instantly reinstalling" the department, and make sure every government department is considering what it is doing on climate change.

Mr Smith says plenty has been done to keep banks afloat, but not enough has been done to keep "people afloat".

"If we win, we will have a £200bn investment fund in this country, a British new deal," he says, to build "physical and social infrastructure", such as new colleges, hospitals, roads and railways.

"I'm a proud socialist," he says, as he recalls coming of age during the miners' strike "in the teeth of a politics that did not understand solidarity". 

Jeremy Corbyn is not to blame for the current problems in society - and he has been right about many things, Mr Smith says.

Mr Owen says he is a democratic socialist, and can put that "into words and deeds" that appeal to a new generation.

Anti-austerity "has to be where Labour stands", but Labour also has to be "pro-prosperity" as well, he says, getting a loud round of applause from the audience. 

Owen Smith is launching his bid to be Labour leader in Nantgarw in Wales. 

"I am so proud to be launching my bid to be the next leader of the Labour Party. You cannot imagine how the pride swells inside me standing here," he says.

"Over this next few weeks and months, I'm going to be setting out my path to a better future. 

"I'm doing so because I believe we are in a moment of crisis in Britain at the moment."

He says the crisis in the Labour Party is reflective of wider society, adding that the UK is a "divided" country "not at ease with itself".

"That's not a society the Labour Party can stand by and accept." 

Labour is "not on the pitch, we're on the sidelines", and not speaking for people in Britain, he adds.

Theresa May has announced further ministerial appointments today. The full list has been published on No 10 Downing Street's website, external, but it includes:

• Ben Wallace as security minister

• Sir Alan Duncan as Foreign Office minister

• Nick Gibb as education minister
• Edward Timpson as education minister
• Robert Halfon as education minister
• David Jones as minister in the Department for Exiting the European Union

• Lord Freud as minister for welfare reform

• George Eustice as environment minister
• Rory Stewart as international development minister

New Education Secretary Justine Greening has said she is prepared to be "open minded" about allowing new grammar schools in England.

Senior Conservative Graham Brady has called for an end to the "silly" ban.

Ms Greening told the BBC the issue was "an important debate", but she would not "make some big sweeping policy pronouncement" at this stage.

Grammar schools are state secondaries that select their pupils by means of an examination at age 11.

There are currently about 163 in England - out of some 3,000 state secondaries - and a further 69 in Northern Ireland.

But under a law created by Labour's Tony Blair in 1998, no new grammar schools are allowed to open in England.

Read the full story here.

The World This Weekend
Radio 4 programme

The First Minister of Northern Ireland, Arlene Foster, has rejected a suggestion that Northern Ireland and Scotland could stay in the European Union when the rest of the UK leaves.

The majority of voters in both Northern Ireland and Scotland voted to remain but the UK as a whole voted to leave.

Scotland's First Minister Nicola Sturgeon suggested her country could stay in the UK and the EU, while the rest of the UK leaves the bloc.

But Mrs Foster said "the whole of the UK is leaving".

Read the full story here.

While Labour leadership contenders Angela Eagle and Owen Smith were on the sofa of The Andrew Marr Show this morning, leader Jeremy Corbyn has been in Tolpuddle in Dorset, laying a wreath for the Tolpuddle Martyrs

The Tolpuddle Martyrs were a group of 19th Century Dorset agricultural labourers who were arrested and deported to Australia for unionising.

On his new transport portfolio, Chris Grayling says he plans to "move rapidly" on making a decision on possible expansion of either Heathrow or Gatwick airports.

He would not say whether he was more inclined to one or the other, but promised to "look at it very carefully in coming weeks".

On HS2, the planned high speed railway between London, the Midlands and the north of England, he says: "I have no plans to back away from the HS2 project."

It is "not simply a speed project, it's a capacity project", that will ease congestion on both passenger and freight services.

He adds that one of his top priorities would be addressing the recent service cuts by Southern Rail, which has caused anger among many passengers.

"I've been in the job 36 hours, and I can assure Southern users this is the top of my agenda," he adds. 

He says he is clear "they've got to improve, and got to improve quickly".

The World This Weekend
Radio 4 programme

Earlier, the new Brexit secretary David Davis told Sky News that EU migrants who come to the UK as Brexit nears may not be given the right to stay.

Mr Grayling said as a campaign, Vote Leave had backed a points-based immigration system, similar to that in Australia, but it was now for the government to decide the best policy.

Mr Grayling said his own view was that: "I'm very clear we have to have a managed system. 

"I'm arguing that we should have something that allows us, in the way the Australian points system works, to control immigration."

He said he believed the first Conservative immigration act of this government would make "a big difference".  

The BBC's Reality Check looked at the idea of a point system in the run up to the referendum - and concluded the UK already has a points-based system for non-EU migrants, and the Vote Leave campaign had not made clear why inventing a different system - with less flexibility - would be a good idea.  

The World This Weekend
Radio 4 programme

New Transport Secretary Chris Grayling has been speaking to Mark Mardell on The World this Weekend on BBC Radio 4.

Discussing Brexit, pro-Leave campaigner Mr Grayling maintains his view that the EU will continue to "trade as normal" with the UK.

He says he cannot see "any sensible, logical reason" why France or Germany would want to change the terms of trade when the UK is "the biggest market" for producers, particularly farmers, in their countries.

"Why would they endanger the livelihoods of thousands?" he asks.

Image source, Reuters

The UK Foreign Office has relaxed its travel advice for those visiting Turkey following a failed coup.

The situation in Turkey "appears to be calming", external, it said, but visitors should still avoid public places in Ankara and Istanbul, particularly demonstrations.

Coastal resorts do not appear to be significantly affected at present - but visitors should be vigilant, it said.

Britons had been advised to stay inside after a faction of the military tried to overthrow the government on Friday.

Travellers are advised to contact their airline or tour operator to check their flight it operating as normal.

Full story here