Boris Johnson delivers his speech to the Conservative Party conference, promising to promote "opportunity" and "level up" the UK
He tells the conference the country is going "towards a high-wage, high-skill, high productivity and, yes, low tax economy"
But the PM also says there is a "huge hole" in finances and it is only responsible to raise taxes to fund healthcare
Other pledges from Mr Johnson include planting more trees, increasing rape prosecutions and tackling people traffickers
His speech came amid disruption to food and fuel supplies and concerns over the rising cost of living
On Tuesday, Mr Johnson told the BBC he was "not worried" about what he says are short-term labour shortages and rising prices
Meanwhile, a £20-a-week cut to universal credit comes into effect
The PM says the EU's erstwhile chief negotiator - "good old Michel Barnier" - is now calling for a referendum on the EU.
"That's what you happens if you spend a year trying to argue with Lord Frost", which goes down well with the man himself who is in the hall.
Lord Frost in the audience
From our reporter in the conference hall
Jennifer Scott
Political reporter, BBC News
Education Secretary Nadhim Zahawi looks pleased as punch about that new policy for his education department.
As well as soaking up the clapping, he gets a friendly pat on the shoulder from chief whip Mark Spencer, who appears to say "well done".
He beams with pride - new jib and new funding isn't a bad day at the office.
Boris Johnson moves on to education and praises Brampton Manor as a school in a disadvantaged part of London that "send more kids to Oxbridge than Eton".
"If you want proof of what I mean by unleashing potential and by levelling up look at Brampton Manor.
He says no kid in this country should "lag behind" and that his government will introduce "a levelling up premium of up to £3,000 to send the best maths and science teachers to the places that need them most".
Immigration now - the PM gets a cheer for saying that the UK will welcome 20,000 Afghans, including translators.
And he takes aim at people traffickers, saying the government will end "this lethal trade" and "break the gangsters' business model".
The PM ratchets up his rhetoric on law and order, which is going down very well in the hall.
He takes a swipe at "left Islington lawyers" - and says the government will not rest until "we have increased the successful prosecutions for rape".
From our reporter in the conference hall
Jennifer Scott
Political reporter, BBC News
I think that's the first mention of levelling up - that two word slogan the government is committed to, but not quite explained yet.
It gets a good response but mostly because it is coupled with an attack on Labour for "levelling down".
In the queue to come in, a few members were also hoping for more on this, and they listen intently to this portion of the speech, wanting solid plans.
Johnson accuses Labour of preferring "levelling down" to levelling up.
"They like decapitating the tall poppies and taxing the rich till the pip squeaks," he says.
"They like kids to run races where nobody actually wins.
"I don't think that is a good preparation for life."
The PM is really racing through his speech - he now gets to the section on crime.
Levelling up means putting "more police on the beat and toughening sentences," he says.
He claims Labour wants to "decriminalise hard drugs" and "to let gangsters off with a caution".
He takes his customary swipe at "North London dinner parties" and invents a new character "Cruela De Vil QC" - a lawyer he says wrote an article opposing new laws against pet theft.
Turning to levelling up, Johnson asks why the UK's economy is "lop-sided".
"What monkey glands are they applying in Ribble Valley, what royal jelly are they eating that they live seven years longer than the people of Blackpool only 33 miles away," he asks.
"Why does half of York’s population boast a degree and only a quarter of Doncaster’s."
"This is not just a question of social justice it is such an appalling waste of potential and it is holding this country back," he says.
From our reporter in the conference hall
Jennifer Scott
Political reporter, BBC News
"Getting social care done" doesn't receive the rapturous applause that it's Brexit predecessor did.
It almost seems like he rushes it out as there is a small change in vibe in the room at the mention of the new tax to pay for it.
But onto the growth of the economy and it is forgotten. Back to the loud praise for the PM as he slows his pace again.
Nick Eardley
Political correspondent
We've just had the crux of what the prime minister has been setting out at this conference; his plan for a post-Brexit, post-pandemic economy.
Boris Johnson believes mass immigration is one of the reasons pay has not been going up as fast as it could. He is arguing that model is broken - and things need to change with higher pay and higher standards.
That of course won't happen overnight though - and ministers are facing real pressure to come up short-term answers to tackle problems in the supply chain, particularly in the run up to Christmas.
And the PM has admitted it will take time and sometimes be difficult.
Boris Johnson says his government is "dealing with the biggest underlying issues of our economy and society - the problems that no government has had the guts to tackle before".
He promises to tackle "the long term structural weaknesses", adding, "we are not going back to the same old broken model with low wages, low growth and low skills and low productivity."
He says the answer is "not to reach for the same old lever of uncontrolled migration to keep wages low".
He tells the conference the country is going "towards a high wage, high skill, high productivity and yes, low tax economy".
That is the change people voted for in the Brexit referendum, he says.
Boris Johnson vows to fulfil the promise he made on the steps of Downing Street two years ago, to fix the crisis in social care.
In the section of the speech that was trailed beforehand, he says his government will tackle the problems "no government has had the guts to tackle before".
Echoing his election pledge to "Get Brexit Done", he says the government is going to "get social care done".
Nick Eardley
Political correspondent
The pandemic has seen debate in the Conservative Party about the cost of lockdowns and state power.
But the PM is beginning this speech by celebrating the vaccine rollout and the fact mass events like this conference are back.
And we're hearing a message I've heard a lot over the last few days; that if Labour had been in power, lockdown would have lasted a lot longer.
Boris Johnson starts to talk about the NHS and his time in hospital with coronavirus.
He recalls looking out of his window and seeing someone digging a hole "for something or indeed someone – possibly me".
He says he has since returned to the hospital and that the hole had since been filled in with a new paediatric unit
"There you have the metaphor my friends for how to build back better now," he says.
He says there is a "huge hole" in finances and it is only responsible to raise taxes to fund healthcare.
"It is right that this party that has looked after the NHS for most of its history should be the one to rise to the challenge," he says.
From our reporter in the conference hall
Jennifer Scott
Political reporter, BBC News
Early laughs for Johnson, whether it be mocking former Labour leader Jeremy Corbyn or celebrating the dancing of "Jon Bon Govey".
And lots of his usual language flourishes please the loyal crowd further.
He takes a serious turn towards the pandemic, appealing again for people to get jabs, but laughs aplenty again when he suggests cautious fist bumps in the crowd.
If there is disquiet about this Tory leader, they won't be showing it in here...
Boris Johnson now turns to the coronavirus vaccine rollout, which he says enabled the UK economy to "open up ahead of so many of our friends".
Referring to the Astrazeneca vaccine as "a magic potion invented in Oxford", he praises the NHS, volunteers and council workers.
He urges conference-goers to "try a cautious fist bump" in celebration.
He welcome those in the conference to what he calls “a traditional Tory cheek by jowler”.
He acknowledges that some people may have been “anxious” going to public places such as nightclubs due to coronavirus.
He says that is why “we sent top government representatives to our sweatiest boites de nuit [French for nightclub] to show that anyone could dance perfectly safely” – a reference to cabinet minister Michael Gove who was video dancing in a club earlier this year.
"And wasn’t he brilliant? Let’s hear it for Jon Bon Govi," he says.
"Living proof that we represent the most jiving hip happening and generally funkapolitan party in the world," he says.
Michael Gove in the audience
Boris Johnson begins adding "it is amazing to be here in person,"
He tells delegates this is the first time they met since the elections earlier this year - "when you defied the sceptics by winning councils and communities that Conservatives have never won before – such as Hartlepool".
He adds that it is also the first time since the 2019 election "when we finally sent the corduroyed communist cosmonaut into orbit where he belongs" he says in reference to the former Labour leader Jeremy Corbyn.
The prime minister and Conservative party leader Boris Johnson is on the stage and has started his speech.
To a standing ovation he says: "Let's get on with it, let's get on with the job.
Stick with us for all the updates.