No major policy updates, though none were expected in the morning session.

Some points from George Osborne (pictured):

* Wants greater third sector involvement in welfare-to-work and public health
* "value for money is absolutely a key concern"
* Tories favour clearer distinction between commissioning and procurement, commitment to reduce paperwork
* Simplified tendering and reporting that does not preclude not-for-profits and small charities
* Much talk (also by Rt Hon Francis Maude MP) on the move to outcome rather than process rewards
* As expected, discussion of centralisation (of both government and the media!) and how it doesn't best impact local outcomes
* Charities must be innovative and original, professional, and deliver value for money.

It wasn't a morning to set the world alight, but a good showing from the Conservatives. Lunch is very early and there is a good buzz amongst delegates. Probably the most interesting thing this morning has been the language with regards to commissioning and "payment on results". Will see if/how this is expanded on in the afternoon sessions.

We're set to hear from Conservative policy, Treasury, health and charities spokesmen (amongst others).