Keir Starmer takes to the stage to upbeat music.

He pays tribute to the speakers who came before - from his deputy, Angela Rayner, to a heat pump engineer, who he says had never spoken on a public stage before.

He notes that he's speaking at the iconic Pinewood Studios, and makes a jibe at Kemi Badenoch - saying according to her logic, he might become the next James Bond - because if you do "a couple of shifts in MacDonalds, then you can become working class".

That was referring to Badenoch previously saying she had done some shifts at McDonald's while studying which she says helped her become working class. , external

Pinewood is "a beacon to the world for creative brilliance", he says, so he is delighted to be there to launch Labour's "plan for change".

The prime minister is on stage and has begun speaking.

We'll bring you the key lines from what he says, and you can follow the show at the top of this page, just click Watch Live or you can listen on BBC Sounds.

Francesca Gillett
Live editor

Not long to go now until the PM begins his speech at Pinewood Studios in Buckinghamshire, where he will set out what he's calling his "plan for change".

We already know broadly what priorities Starmer wants to focus on in government - the NHS, raising household income, improving education, building more homes, decarbonising the UK electricity grid and more police officers.

But today is about setting measurable targets on how he'll achieve them.

Our political editor Chris Mason is inside the room where the speech is happening - he says it reminds him of a manifesto launch.

The Conservatives are describing today as a "relaunch" for Starmer after an "already failing" start to government.

We'll bring you the key lines as they happen, and our correspondents are primed to give us analysis on the targets. You can also Watch Live above and listen to the speech here.

Rayner starts by thanking some of the people who shared their stories today - "this is why I do my job, to change the lives of working people".

She says Starmer's plans will "do just that".

The speech is taking place at Pinewood Studios in Buckinghamshire, where many films and shows have been filmed - and Rayner jokes that "cleaning up the mess" feels "like the job of a superhero".

But it's "down to a Labour government to do the job that we have done throughout history", she adds.

The government "must achieve growth" and "better living standards," Rayner says.

The schedule is running a few minutes behind, but we're now hearing from deputy PM Angela Rayner.

Before her, we heard from ordinary people who discussed the impact of Labour's plans on their working lives.

One spoke of her journey with breast cancer, and promotional videos were also played on the topics of the cost of living and knife crime.

We've just seen some pictures from the studio in Buckinghamshire where the PM is about to speak shortly.

He's sitting alongside his deputy Angela Rayner, listening to some of the opening addresses before he takes to the lectern.

Chris Mason
Political editor

If it looks like a dog, walks like a dog and barks, it probably is a dog.

This event looks like a manifesto launch, reads like a manifesto launch - and is, to all intents and purposes exactly that, albeit after the election, not before.

The government would argue they’re about more than just this stuff today, this is the priority stuff, but nonetheless, the choreography is revealing.

We've heard a lot this morning on Starmer's target to increase the number of police by 13,000. But there are five more expected:

• NHS: The government has already pledged to speed uphow long it takes to get routine NHS treatment and we expect Starmer to commit to achieving this by 2029
• Economy: In its manifesto, Labour pledged to "secure the highest sustained growth in the G7. Today, we expect Starmer to make a new pledge to increase the amount of money that households have
• Education: The prime minister is expected to promise to raise the proportion of children in England who are “ready for school” at the age of five, to 75%
• Housebuilding: In line with Labour’s manifesto, Starmer is expected to recommit to building 1.5 million net additional dwellings in England over the course of the Parliament - at a constant annual rate, that would equate to 300,000 per year
• Clean power: As part of its commitment to substantially decarbonise the UK’s electricity grid by 2030, Starmer is expected to pledge to triple the UK’s solar power capacity, double onshore wind capacity and quadruple offshore wind capacity

Our colleagues at BBC Verify have looked at how achievable they are.

What will the PM’s new growth target be?published at 10:49 Greenwich Mean Time 5 December

10:49 GMT 5 December

Faisal Islam
Economics editor

There is a big question about what the new growth target will be?

The recent Budget showed that real household disposable income is only due to grow by a little more in this Parliament than the post-war low in the last one.

While income recovers thanks to pay rises, the independent fiscal watchdog the Office for Budget Responsibility expects Budget measures to contribute to a return of economic stagnation between 2026 and 2028.

Ahead of the election, Labour pointed to “closing the gap” on these measures with France and Germany.

There is also a bigger challenge with any numerical target. The whole point is to focus efforts on specific measurable outputs. The risk, however is that that targets can be gamed and distort priorities.

The precise timing and measure of living standards will show the government’s ambition on growth.

Faisal Islam
Economics editor

Ahead of the election and until now, Labour pledged to have the fastest growth rate in the G7 advanced nations.

It is now shifting this aim to focus on living standards, with a specific target to raise household incomes.

Downing Street says there is no contradiction here, that rising living standards is how most households should experience strong economic growth.

However the mission on fast growth was always a hostage to other nation’s fortunes. Whether or not the UK was the fastest growing of the G7 economies really depends on what others, such as the USA are doing.

Recent experience in the US where cost of living was a big factor in how people voted amply illustrates that a fast growing economy is not a guarantee of voter goodwill.

Chris Mason
Political editor

We have been shuffled into a cavernous room and handed the document that underpins today’s pitch from the prime minister - a 43-page thing that I'm starting to read now…

A target is expected on education - what has Starmer done so far?published at 10:41 Greenwich Mean Time 5 December

10:41 GMT 5 December

Branwen Jeffreys
Education editor

Education was one of the five key missions in Labour’s manifesto, promising to "break down barriers to opportunity".

The contentious VAT on private school fees comes into force in January, with some arguing it fails to recognise parents’ aspirations.

From April, 750 primary schools will offer 30 minutes of funded childcare in breakfast clubs. But rolling that out across England may take longer than expected.

Early years are seen as crucial to how children get on, so we expect government to promise to get more children "school ready" by reception year.

A big review is also under way into what subjects pupils should learn, and is likely to make more space for arts and sport.

Challenges, though, include teacher training targets, with a promise to recruit 6,500 extra teachers within five years.

And a one-year increase in tuition fees in England hasn’t solved the long-term headache of how to pay for universities.

Starmer's opponents say today is an attempt at a "relaunch" for Starmer, after a tricky first few months.

The PM has admitted to the BBC he had faced "choppy days" in his first 100 days.

Chancellor Rachel Reeves announced cuts to the winter fuel payment, accusing the previous government of "undisclosed" overspending. The move was met with widespread criticism.

Then came a row over donations that led the PM to pay back more than £6,000 worth of gifts and hospitality in early October - including the cost of six Taylor Swift tickets.

In mid-November farmers protested in Westminster against changes to inheritance tax. And last week Louise Haigh resigned as transport secretary after it emerged she pleaded guilty to a fraud offence a decade ago.

Image source, Reuters

What progress has the government made on its 2030 clean power pledge?published at 10:23 Greenwich Mean Time 5 December

10:23 GMT 5 December

Mark Poynting
Climate and environment researcher

The government's promise to achieve "clean power" by 2030 means almost completely eliminating polluting fossil fuels from the electricity mix by then.

The National Energy System Operator, an independent body overseeing the energy transition, recently described this as a “huge challenge” but “achievable”.

It will require significant growth in renewable power capacity. Labour has previously targeted doubling onshore wind, trebling solar, and quadrupling offshore wind by 2030.

The government celebrated its latest renewables auction in September, which attracted a record number of green projects.

But energy experts have warned there will need to be a huge increase in next year’s auction, which will likely to be the final chance for new projects to be able to generate electricity in time for 2030.

The government has also pledged to tackle delays in the planning system. It has already loosened restrictions on onshore wind in England.

But upgrades to the grid to be able to handle new renewables projects, as well as easing supply chain pressures, will also be important.

Starmer expected to set target for household income to risepublished at 10:13 Greenwich Mean Time 5 December

10:13 GMT 5 December

Dharshini David
Chief economics correspondent

The PM is expected to shift away from focusing on growth to real household disposable income per person - the amount coming in after inflation and the likes of tax have been accounted for.

It’s a common way of measuring living standards - although it doesn’t include, for example, spending on public services.

He’s expected to set a target for it to rise - but by how much?

The official forecasts that accompanied the Budget predicted it would grow by around 0.5% a year between 2024 and 2030. But with those forecasts seeing slower wage growth due to the Budget tax rises for employers, that’d be less of an improvement than the pre-pandemic average.

And other economists have flagged those numbers would mean the second worse parliament (after the last one) for gains in living standards.

A focus on real household disposable income was already tucked into Labour’s growth plans, published before the election. Only then, the "ambition was to eliminate the gap between the median British family and those in France and Germany" - an acknowledgement that living standards had been improving more slowly than in many other major economies. Will that too be deprioritised?

Raising living standards is the goal of most politicians. The question today is how bold the PM‘s aims are - and how they can be achieved.

Chris Mason
Political editor

Hello from a big white tent in Buckinghamshire. Lots of folk - political and journalistic - are milling about, cardboard cups of tea and mince pies on offer.

The rigmarole and choreography reminds me of a manifesto launch - except they happen before elections and now we are five months after one.

Looks like we can expect quite the production number this morning - warm up acts, a video, cabinet ministers and keen bean backbenchers cheering it on.

Image source, Reuters

We've got just over an hour until the PM is due to give his speech in Buckinghamshire at about 11:00 GMT, setting out what he's calling "milestones" for his government.

So far, there's only clarity about one of the promises: A pledge to increase the number of police officers on streets in England and Wales by 13,000. Home Secretary Yvette Cooper was questioned about it earlier on TV and radio.

Our political editor Chris Mason writes that there will be six targets.

Three milestones will be set for England, including a promise for more housebuilding and planning reform, a pledge to speed up the wait for routine NHS operations, and improving pre-school education.

There will also be a greener energy target for the UK.

Getting hospitals back to hitting the target is a massive challengepublished at 09:42 Greenwich Mean Time 5 December

09:42 GMT 5 December

Nick Triggle
Health Correspondent

When it comes to the hospital waiting list, much of the focus has been on the size of it – how many need treatment.

But what is actually more important is how long they wait. The waiting list could be even higher than it is now – more than 7.5 million in England – but if everyone was being seen quickly it would matter much less.

The problem is they aren’t. More than 40% of those on the waiting list have already been waiting longer than the target time of 18 weeks.

Labour has promised an extra 40,000 appointments and operations a week – a rise of around 1% to 2% - to help achieve that.

On the face it, that does not sound too challenging. But the NHS has got a productivity problem.

Over the last five years, the budget has increased by nearly a fifth once inflation is taken into account, while the number of staff employed has gone up by almost a quarter. However, the numbers starting treatment has barely changed, only increasing by 3%.

There are signs over the past few months things may be improving. But with money tight, getting hospitals back to hitting the target is a massive challenge.

Starmer’s targets are set to cover a wide range of priorities but as our political editor Chris Mason writes, it doesn't appear that immigration will be one of Starmer's milestones, beyond a commitment to cut it.

Just last week, official figures showed the estimated number of people who came in the year to June 2023 has been revised up sharply, to 906,000.

Asked by Sky at the weekend why immigration was not likely to be one of Starmer's "milestones", the government's Pat McFadden said net migration targets "haven’t worked very well".

"I don’t say targets don’t work in any circumstance but numerical targets on migration have not had a happy history in recent years," he told Sky’s Sunday Morning with Trevor Phillips.

"You might remember David Cameron saying he wanted to reduce it to the tens of thousands and look where we are now."

As our political editor Chris Mason writes, Starmer's list of targets will also reveal those things that the government is not prioritising as much.

Sir Ed Davey, Liberal Democrat leader, criticises Starmer about the lack of mention for social care, saying it "is not being talked about, they've put nothing in, really", or GPs.

He says they can't sort out the NHS without sorting out social care and family care.

He says there's "no doubt" that they've "inherited a total mess", but Labour are "just going so slowly and they don't seem to be listening to people".