HIGHLIGHTS-Brown speech to UK ruling Labour party

BRIGHTON, England, Sept 29 (Reuters) - Below are highlights from British Prime Minister Gordon Brown's speech on Tuesday to his ruling Labour party at its annual conference in the southern English city of Brighton.

PRIME MINISTER GORDON BROWN

BONUSES

"We will pass a new law on bankers' bonuses whenever they put the economy at risk. And any director of any of our banks who is negligent will be disqualified from holding any such post."

BUDGET DEFICIT

"Our deficit reduction plan to cut the deficit in half over four years, will be made law in a new fiscal reposinsibility act."

NUCLEAR PROLIFERATION

"We will work to end nuclear proliferation and as I said last week when I talked of the contribution Britain can make; we will work as partners to end the world's nuclear race."

"And I say to Iran as they face a crucial date this week; join the international community now or face isolation.

CLEANING UP PARLIAMENT

"And so where there is proven financial corruption by an MP and in cases where wrongdoing has been demonstrated but Parliament fails to act we will give constituents the right to recall their Member of Parliament."

ELECTORAL REFORM

"I can announce today that in Labour's next manifesto there will be a commitment for a referendum to be held early in the next Parliament. It will be for the people to decide whether they want to move to the Alternative Vote."