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As we've just mentioned, former home secretary Priti Patel is due to speak later, and is expected to issue a warning to the government over "spending today with no thoughts of tomorrow”.

According to The Times , externalshe'll tell a conference fringe event: "I want to see our party regain its credibility by restoring its commitment to sustainable public spending... which is affordable today, tomorrow and for the foreseeable future."

"Right now, we have got into a pattern of borrowing huge amounts to fix today's urgent problems or generate short-term populist headlines.

"Each time, it seems that there's a good case, but what does this mean for future generations?"

We'll bring you more when she gives her speech this afternoon.

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We are expecting keynote speeches - later this afternoon - by Home Secretary Suella Braverman, who will aim to set out the government's plans on immigration, and Foreign Secretary James Cleverly, who is expected to talk about the UK's ongoing commitment to supporting Ukraine.

Members are also expected to hear from Health Secretary Therese Coffey, Transport Secretary Anne-Marie Trevelyan.

Justice Secretary Brandon Lewis and Education Secretary Kit Malthouse are also set to address Tory members in Birmingham throughout the day.

Elsewhere at the conference, there will also be fringe events including talks from Sir Iain Duncan Smith on universal credit.

Former Home Secretary Priti Patel, Jacob Rees-Mogg, Lord Frost and Tom Tugendhat are also expected to speak at events this afternoon.

We'll bring you newsworthy lines as we get them.

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We've been telling you this morning how the benefits issue could raise even more headaches for the prime minister, and as the BBC's Chris Mason points out, this has now reached cabinet level.

Penny Mordaunt, who is the Leader of the House of Commons, has told Times Radio she had always supported welfare keeping pace with inflation.

“It makes sense to do so,” she says.

The comments were tweeted , externalby the outlet’s journalist Matt Chorley, and taken from an interview that will air on the channel at 11:00.

“We want to make sure that people are looked after and that people can pay their bills. We are not about trying to help people with one hand and take away with another,” he quoted Mourdant as saying.

We'll bring you more from her when we hear it.

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The Today programme's Nick Robinson closes his interview with the prime minister by asking "can people trust Truss now?" after the events of the last 24 hours.

In reply Truss says she is somebody who "has a clear plan, has a clear direction", adds she is also "prepared to listen".

The PM says she is prepared to "do things differently" when required and "be honest about it with the public".

"That's the commitment I give to you and that's the commitment I give to your listeners."

Chris Mason
Political editor

A cabinet minister has intervened publicly to insist that benefits should rise in line with inflation, not in line with earnings.

It's the next flashpoint between the prime minister and her party.

The government has refused to say whether it will maintain Boris Johnson's commitment to increase benefits by the rate of inflation.

Already this morning the former Work and Pensions Secretary Damian Green has said that the government would "probably not" get any plan to limit benefit rises to rises in earnings rather than rises in prices through parliament.

And now - and this is quite something - a sitting cabinet minister has also spelt out her view publicly.

Penny Mordaunt, Leader of the House of Commons, and just a matter of months ago a rival of Liz Truss's for the party leadership, has set out her views on Times Radio., external

"I've always supported, whether it's pensions, whether it's our welfare system, keeping pace with inflation. We are not trying to help people with one hand and take away with another," she said.

This is open revolt - cabinet ministers are meant to be bound by collective responsibility.

Not this cabinet, not now - and it's an illustration of the prime minister's diminished authority.

The PM is being asked by the Today programme's Nick Robinson about her desire to "bulldoze to get things done".

Truss says there "always a balance to be struck, and we do need to get things done".

Truss goes on to talk about the "frustrations" people have that it "takes too long to get things done in this country".

She notes the "years and years to wait for a road project to be built, difficulty setting up your own business, frustrations about how slow some of the British bureaucracy can be and we are going to have to sort that out."

But, referring to the U-turn on the 45p tax rate, Truss also emphasises they are a "listening government" that reflects on "where we could have done things better".

The prime minister's interview with the Today programme is playing out now - it was recorded yesterday lunchtime, which can be a long time in politics.

Asked about about bringing forward its medium-term fiscal plan, which is set to be accompanied with a Office For Budget Responsibility (OBR) forecast, Liz Truss says the government are "working very closely" with the government spending watchdog.

The prime minister says it's "important that we have a forecast to go with that plan", which is "something the chancellor's working on"

"But I've been very clear that we have committed to having a proper OBR forecast, to reducing debt as a proportion of GDP over time," Truss adds.

The chancellor, in his speech yesterday afternoon, said the forecast would be published "shortly".

Prime Minister Liz Truss has just been on LBC with Nick Ferrari, who asked her about lots of the issues that will be discussed in our interview on air currently.

But on the specific issue of benefit payments possibly not rising in line with inflation, Ferrari pressed the PM on why she could guarantee help for pensioners but not those on benefits.

In response, Truss said it was difficult for pensioners to "adjust their income" given they are retired, noting that people on benefits are in a "different position" when they can get work.

But she adds that "no decision has been made on benefit uprating" which will "come in due course" after the government has looked at it.

Bringing forward the chancellor's plan for reducing UK debt would be "critical" in helping to calm markets, the chairman of the Treasury Committee Mel Stride has said.

Chancellor Kwasi Kwarteng said in his conference speech yesterday that he would publish it "shortly" - but did not give a date.

Stride said the government giving more detail on spending plans could help to lower inflation.

"What it basically does is to answer a critical question, which is, do all those proposals add up in terms of meeting some credible fiscal rules?" he said.

"If the government can come forward early with that forecast, and the forecast stacks up, then that will be critical in calming the markets.

"And the implications of that clearly, are things like lower interest rate rises than would otherwise occur."

Image source, UK Gov

Back to the fiscal plan, and Chancellor Kwasi Kwarteng’s decision to publish it sooner than planned.

Paul Johnson, of the Institute for Fiscal Studies, said he welcomes the move, and says it will give a “clearer sense” of how the government is “going to achieve fiscal sustainability”.

"It's good to see we might get these forecasts and indeed a sense of direction from the government earlier than expected,” he told BBC Radio 4’s World Tonight.

Johnson also said it was hard to think of cuts to public spending that were "plausible".

“It may be a lack of imagination on my part but it’s hard to see where you make really big cuts in public spending,” he said.

A former Tory minister has said it doesn't make sense to give energy bill help to the poorest people only to "claw hundreds of pounds back" through real-terms benefits cuts.

Damien Green tells BBC Radio 4's Today programme that people are already in financial difficulty and "making them struggle more is not a potential response" .

He says refusing to raise benefits in line with inflation goes against "the government's own rescue package, so I don't see the sense of this".

Asked what his solution to the problem is, Green says the "sensible alternative" is not to cut welfare benefits but to "work harder to get more people into work" so they don't need benefits.

He also notes "it's politically difficult" to find spending reductions, given the two largest parts of the government's budget are health and welfare.

Green adds he trying to avoid the "necessity for another" U-turn if the PM presses ahead with cutting benefits, noting they are "clearly not good for governments".

The UK is already seeing a "huge crisis" among people looking for help, the chair of support charity Citizens Advice has said.

Speaking on BBC Radio 4's Today Programme, Dame Claire Moriarty said they had referred "more people than ever before" to food banks in September and seen a "really steep rise" in people simply unable to put money on their pre-payment meters for gas and electricity

Moriarty tells the story of a single mother who had come to them, who'd been cut off from gas and electricity after separating from her partner and falling behind on the bills.

Moriarty emphasises the difference between a 5% rise in benefits (in line with wage rises, which the government is considering) and the around 10% that would make a "huge difference" to people.

She says that "people are really struggling at the moment" and notes the "energy package is very welcome"

But Moriairty says that "it doesn't do anything for the problems that are already there" and that "it is going to get worse over winter".

In her interview with the Today programme - recorded yesterday - the prime minister was pressed on the benefits issue.

Question by Nick Robinson about why the government can guarantee pensions will rise with inflation and not benefit payments, Liz Truss says the government are looking "at all of these issues very carefully" and an announcement "will be made in due course".

Asked why she can guarantee support rising at the same rate as prices for even wealthy pensioners, but not for the poorest in the UK, she says inflation-matching pension rates were a "manifesto commitment" from 2019.

After Robinson points out her predecessor Boris Johnson also made a promise to uprate benefits in line with inflation, Truss says she "reaffirmed that commitment during the leadership election".

But she adds the government will "have to make decisions about how we bring back down debt as a proportion of GDP in the medium term."

"I'm very committed to supporting the most vulnerable."

The PM also repeats that the government is providing an extra £1200 to the poorest households on top of its energy price guarantee.

As we've just mentioned, there is some discontent over benefits, and whether they will be raised in line with inflation.

MPs on the House of Commons Work and Pensions Committee have called on the chancellor to act to avoid families being pushed into "crushing poverty".

In a letter, the Labour chair of the cross-party committee Stephen Timms said the issue was "critical" and many claimants had already seen a fall in their income in real terms.

Chancellor Kwasi Kwarteng has so far declined to say whether he will honour his predecessor Rishi Sunak's pledge to uprate benefits next April, in line with inflation.

"Without it, countless families risk being pushed further into crushing poverty as they are forced to stretch the same money over higher prices," Timms added in his letter.

They may have scrapped plans to abolish the 45p rate on income tax, but many of today's papers are reporting that several Tory MPs will still seek to block the PM and her chancellor from getting their economic plans through parliament.

Kwasi Kwarteng's remaining package of £43bn in tax cuts is expected to be paid for by a squeeze on public spending, and senior Tories have been speaking out.

The Prime Minister has so far refused to confirm whether benefits will be raised in line with soaring inflation - something Boris Johnson committed to.

If not, it would mean some of the poorest households could face a real-terms cut in their income.

Aside from coverage in the papers, three former cabinet ministers have all spoken out.

• Michael Gove said he would need "a lot of persuading" to stop benefits from rising in line with inflation.
• Former Housing Secretary Esther McVey says it would be a "huge mistake" not to give a cost of living increase to benefit payments.
• Former work and pensions secretary Damian Green says that a freeze or cut in benefits would not get through the Commons.

On her U-turn over ditching the top 45p tax rate, Liz Truss says it was "right to listen to what people had to say".

The PM adds getting rid of the levy on on people earning more than £150,000 a year, "wasn't a core part of our growth package" and adds "frankly, it was becoming a distraction".

Asked by Nick Robinson about her desire to "bulldoze to get things done" and whether she'd listened enough about her plans, Truss says there "always a balance to be struck, and we do need to get things done".

Truss goes on to talk about the "frustrations" people have that it "takes too long to get things done in this country".

She notes the "years and years to wait for a road project to be built, difficulty setting up your own business, frustrations about how slow some of the British bureaucracy can be and we are going to have to sort that out."

But Truss also emphasises they are a "listening government" that reflects on "where we could have done things better".

Nick Eardley
Chief political correspondent

As recently as Sunday, Liz Truss was saying she was completely committed to abolishing the top rate of tax.

But a series of crisis talks with the prime minister and chancellor over the course of the day made it increasingly clear the policy was unsellable.

It was late on Sunday evening when the final decision was made. Liz Truss and Kwasi Kwarteng gathered for talks in the Hyatt Hotel in Birmingham, just beside the conference venue. They both now agreed: the policy had to be dumped immediately.

Read more on how the U-turn policy was made here.

Here's a quick recap of what happened yesterday, in what proved to be an eventful day at the Conservative Party conference:

• Chancellor Kwasi Kwarteng announced a U-turn on the government's plans to abolish the top rate of income tax following a revolt by Tory MPs
• The U-turn was followed by a second big reversal in the day, when it emerged that the publication of the government's fiscal plans would be brought forward from 23 November. No exact date for when it would be published was given, but a source told the BBC it is now expected this month
• In his speech to the conference, Kwarteng acknowledged his mini-budget, delivered on 23 September, had caused "a little turbulence" but insisted the government's plans would see the UK's economy grow and taxes reduced

As we've just mentioned, Liz Truss has been speaking to the Today programme - the interview was recorded yesterday, after the U-turn on the 45p tax rate. We can bring you snippets of that now, and more detail later.

On the U-turn, she reiterated that the government could have laid the groundwork better for the measure.

She has also refused to rule out real-terms benefits cuts to help pay for her government's tax-cutting growth plan.

The PM's predecessor, Boris Johnson, promised to increase benefits in line with inflation, but Truss tells the BBC the government has to be "fiscally responsible and bring debt down".

Good morning and welcome back to our live coverage as the fallout over the government's mini-budget continues.

It's the third day of the Conservative Party conference in Birmingham, and we'll be hearing lots more discussion about the direction the government is taking.

We'll also be hearing from Liz Truss today - she's given an interview to Radio 4's Today programme.

Stay with us for live news and analysis throughout the day.