Labour conference votes to put pledge to introduce proportional representation in manifesto despite Starmer ruling it out – as it happened

6.20pm BST

Early evening summary

• Rachel Reeves, the shadow chancellor, has vowed to reinstate the top 45% rate of income tax and put the money into NHS recruitment.

• Delegates at the Labour party conference have voted to include a commitment to proportional representation in the manifesto for the next election – even though Keir Starmer has already ruled out the idea. (See 6pm.)

• Labour would renationalise the railways, its conference has been told, although Keir Starmer will continue to face pressure after delegates unanimously passed union-backed motions urging public ownership of Royal Mail and inflation-proof pay rises.

• Sterling came under fresh, heavy pressure on the world’s financial markets after the Bank of England ruled out an emergency rise in interest rates to defend the struggling UK currency.

Delegates at the Labour conference. Photograph: Christopher Furlong/Getty Images

6.16pm BST

Sadiq Khan having a chat with Rachel Reeves at the Labour conference. Photograph: Getty Images