Liz Truss says she wants to cut top rate of tax eventually and says she does trust Kwasi Kwarteng as chancellor – as it happened

6.41pm BST

Early evening summary

• Liz Truss’s government is in chaos after the chancellor refused to confirm he would bring forward his budget to calm the markets and the home secretary accused fellow MPs of a coup against the prime minister.

• Suella Braverman has revived a previous Conservative pledge to reduce net migration to tens of thousands of people, despite the failure of successive governments to hit the same target over a nine-year period.

• Liz Truss and Kwasi Kwarteng are being warned not to stretch their plans for medium-term growth beyond the traditional definition of three to five years amid concerns in Whitehall that the fiscal plan may take the best part of a decade to deliver.

• Liz Truss has said she is still in principle in favour of cutting the 45% top rate of tax – even though she has shelved plans to abolish it now. (See 3.14pm.)

6.37pm BST

Braverman promises new legislation to stop people crossing Channel in small boats claiming asylum

Suella Braverman, the home secretary, received two standing ovations during her speech – one when she said “not give up” on tackling the small boats crossing the Channel, and another as she wound up. Hardline speeches from home secretaries always go down well at Tory conference, and this was one was in that tradition. Here are the key points.

• Braverman said she would legislate to stop anyone crossing the Channel on a small boat claim asylum. She said:

I will commit to you that I will look to bring forward legislation make it clear that the only route to the United Kingdom is through a safe and legal route. And that is so that we can support those who need that help the most, including women and girls.

This is something her predecessor, Priti Patel, said she would achieve through the Nationality and Borders Act.

• But she also stressed that there were no easy solutions to the problems of migrants crossing the Channel. She said:

We’ve all heard pledges and promises, but this problem is complex and entrenched, and there are many forces working against us.

Among her opponents on this issue, she cited the Labour party, the Liberal Democrats, the Guardian and lawyers. “The Guardian will have a meltdown,” she promised.

• She said the UK should not be relying on migrant labour. She said:

And we mustn’t forget how to do things for ourselves. There is absolutely no reason why we can’t train up enough of our own HGV drivers, or butchers, or fruit pickers. The way we build a high skilled, high wage economy is by encouraging business to invest in capital and domestic labour, not relying wholly on low skilled, foreign workers.

This seems to contradict what Liz Truss told the Sunday Telegraph at the weekend about how she wanted to increase the number of seasonal agricultural workers coming to the UK.

• Braverman claimed modern slavery laws, introduced by Theresa May when she was home secretary, were being abused. Braverman said:

But the hard truth is that our modern slavery laws are being abused by people gaming the system. We have seen a 450% increase in modern slavery claims since 2014. Today, the largest group of small boats migrants are from Albania, a safe country. Many of them claim to be trafficked as modern slaves. That’s despite them having paid thousands of pounds to come here or having willingly taken a dangerous journey on the Channel. The truth is many of them are not modern slaves and their claims of being trafficked are lies.

We need to make sure our system strikes a right balance. Our laws need to be resilient against abuse whilst at the same time ensuring we help those in genuine need.

Suella Braverman delivering her speech. Photograph: Christopher Thomond/The Guardian