Sir Keir Starmer is travelling to the Nato summit in Washington DC for his first international trip since becoming prime minister
Earlier he urges MPs to deliver "national renewal" in an address to Parliament, hailing it as the most diverse in history
Former PM Rishi Sunak says the new PM has a "formidable task", as party leaders make speeches to the House
Sir Lindsay Hoyle is re-elected as Speaker of the House of Commons - watch here as he's dragged to his chair, as is tradition
The swearing-in of 650 MPs begins, with the process expected to continue into tomorrow
Henry Zeffman
reporting from Downing Street
Emily Thornberry is heading to the backbenches after days of confusion over her position.
I understand she was not offered another ministerial role by Sir Keir Starmer.
However, the last line of her statement, in which she says she looks forward to serving the new government in the years to come, may be an allusion to other plans afoot which are not yet public.
Alicia McCarthy
Parliamentary correspondent
Image source, EPAEmily Thornberry has been re-elected as the MP for Islington South and Finsbury
The Labour MP Emily Thornberry says she's "very sorry and surprised" after not being appointed attorney general in Sir Keir Starmer's government.
She has been speaking for Labour in the role for the past three years and also held a number of other senior posts in opposition.
On X, formerly Twitter, she said, external that in eight and a half years in the shadow cabinet she had worked her hardest to keep the Labour Party united and take the fight to the Tories.
She said most recently she'd been involved in policy on tackling fraud and supporting whistleblowers.
Thornberry continued: "I am very sorry and surprised not to be able to continue that work in government, but I wish my brilliant colleagues well."
She added: "Nothing in the personal disappointment I feel can detract from the amazing and historic victory that all of us in the Labour moment worked together to win last week."
Josh Parry
LGBT and identity reporter
Image source, ReutersAnneliese Dodds was spotted at Starmer's first cabinet meeting over the weekend
Meanwhile, the government has resumed the process of appointing new ministers.
Education Secretary Bridget Phillipson and Minister of State in the Foreign, Commonwealth and Development Office Anneliese Dodds will both serve as Women and Equalities Ministers.
Downing Street had earlier this morning announced the appointment of Anneliese Dodds, but the government website is also listing Bridget Phillipson as holder of the post.
A spokesperson for the department told the BBC that both MPs will hold the post, but that more information on how that works in practice would be announced in “due course.”
They also suggested the title of the posts could change but that a final decision has not been made.
The BBC has pressed the Equalities Hub, external for further information.
You can see the full list of appointments, here, external.
Image source, PA MediaReeves hugged Business Secretary Jonathan Reynolds as she finished her speech at the Treasury
There's plenty to unpack from Rachel Reeves's first speech in her role as Chancellor - let's have a quick skim through some of the key points from her address:
Reeves has just been taking the last two questions.
The first one's on HS2 - she's asked if it will be delivered
She gives a short answer: "We are not going to make promises without saying where money will come from."
The second question is on leaseholders.
Will her party "take on Labour councils who are also freeholders of those council flats, and apply the same rules as they are for private freeholders?"
She replies by saying "yes of course that will apply for local authorities as much as it does for private sector landlords".
That concludes the chancellor's speech - stay with us as we pick over the contents.
Image source, PA MediaThe Guardian's Larry Elliott asks the chancellor about whether she agrees with former Prime Minister Liz Truss' statement that there is an "anti-growth coalition" in Britain.
Reeves responds by saying the "anti-growth coalition are the Conservative party" and that "the British people kicked them out of office last week".
When will the Labour government deliver 300,000 new homes a year?
An ITV reporter asks this question and says that level hasn't been seen in the UK since the 1950s.
14,000 new homes will be geographically spread across England, Reeves says, adding that they have to ramp up building.
"We can't build overnight, but that's why we have set out today the initial steps that we are going to take to unlock private sector investments to build those homes," the chancellor says.
One of the next questions is from a Sky News reporter, who congratulates Reeves on becoming the UK's first female chancellor.
He also points out that Reeves is not the first chancellor who has promised economic growth and asks if she can be more specific about "when people can expect to see the fruit of these planning reforms".
Reeves replies: "There is no time to waste, that is why within 72 hours I am here announcing a whole range of measures in housing, energy infrastructure and more widely."
"We want to get going," she says.
Watch: Does the chancellor consider herself a YIMBY?
The chancellor is now taking questions from the media.
"Is this a declaration of war against NIMBYs?", she's asked - short for Not In My Back Yard.
She's also asked how you win over local residents on building plans.
Reeves answers saying that it is still up to local authorities to decide where housing is built but adds "we will bring back these mandatory housing targets".
"So the answer cannot be always be no; if the answer is always no, the living standards will continue to decline," she says.
"We have got to ensure that families can get on the housing ladder," Reeves adds.
"This Labour government has been elected on a mandate to get things done and get Britain building," Reeves continues.
Quote MessageWith these steps we have done more to unblock the planning system in the last 72 hours than the last government did in 14 years."
Rachel Reeves
"There is no time to waste," she adds.
Reeves says she will work with national leaders to power growth in every party of the UK.
She wants greater returns to pension savers too, Reeves says.
Finally, Reeves adds since taking office she has established a new growth delivery unit.
Next up she takes some questions from the media.
Reeves is now giving us some more detail on Deputy Prime Minister Angela Rayner's role going forward, saying she will write to planning authorities to ensure they're prioritising brownfield and greybelt land to meet housing targets.
She says their "golden rules" will allow them to deliver "thousands more homes", including social housing.
Alongside these housing targets, Reeves says Labour will reform the planning system to deliver infrastructure needs that have been left "unresolved for far too long".
Reeves also says they set out new policy intentions for critical infrastructure in the coming months
"I know there will be opposition to this," says Reeves", adding "I'm not naïve, but trade offs always exist".
'We do not take lightly the trust of voters,' says Reeves
The chancellor says there will be some who will argue the time for caution has passed.
Reeves repeats there will be no increases to National Insurance and VAT.
"We don't take lightly the trust of voters who have been burned too often by incompetence and recklessness," she adds.
Reeves insists the UK is a safe place to invest and she wants to partner with businesses and reiterates the country is "open for business".
She turns to explain how she will unlock investment - with a task force of a new national wealth fund.
Reeves says she has received a report from that task force and will unveil the next steps shortly.
Watch: 'Growth is our national mission,' says chancellor
Reeves continues by saying the new Treasury analysis she requested over the weekend shows that the UK economy would be over £140bn larger today if it has grown at the rate of other OECD countries.
Reeves to turns to stability now. She says Labour's commitments are to grow the economy and keep taxes, inflation and mortgages low.
The chancellor says that commitment "still stands" and adds she met the Bank of England's governor on Friday to emphasise this.
She says she'll meet the OBR (the Office for Budget Responsibility) this week.
Reeves goes on to say that she wants to outline the first steps the new government's taken to fix the foundations of the UK economy.
"But first let me address the inheritance," she says and adds:
"I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the Second World War."
Reeves continues by saying the new Labour government inherited "14 years of chaos and economic irresponsibility".
She also says that over the weekend she requested the Treasury to provide an assessment of the state of spending inheritance. Reeves promises to present it to parliament before the summer recess.
"This is separate from a budget that will be held later this year," she says, adding that she will confirm the date of that budget "in due course".
Chancellor Rachel Reeves begins her speech by saying she has started to deliver on the mandate Labour achieved following Thursday's general election.
She says she will not hesitate to act unlike the previous government.
"Growth is now our national mission," Reeves says adding there "is no time to waste".
Chancellor Rachel Reeves is speaking now who is delivering her first speech in the job at the Treasury.
As we have been reporting this morning, Reeves is expected to announce the first steps the new Labour government will take to deliver economic growth.
We'll be bringing you live updates from her speech and you can also follow it by clicking Watch live at the top of this page.
Image source, PA MediaAngela Rayner is front and centre in the audience for Reeves's speech - flanked by other members of Starmer's cabinet
Angela Rayner, the new Deputy Prime Minister, has been spotted in the front row for Rachel Reeves's speech at the Treasury.
Rayner is also the Secretary of State for Levelling Up, Housing and Communities and is expected to take the lead on the new government's housebuilding mission.
Image source, ReutersWe're about to hear from Chancellor Rachel Reeves, who is giving her first speech in the new job.
Reeves will be keen to project energy, as our chief political correspondent Henry Zeffman writes.
You'll be able to watch her speech by pressing watch live above.
Kevin Peachey
Cost of living correspondent
Image source, PA MediaPM Starmer and his deputy Angela Rayner visited a housing development in Derby earlier this year
The scale of proposed housebuilding - beyond anything seen since the 1960s - raises some complex questions beyond just the target number.
That starts with the fact housing is a devolved issue, so will this prove just to be a push in England, or matched elsewhere?
Then there are the skills required, as well as the costs of materials which have risen sharply since Covid. Housebuilders will factor those into final costs.
And will targets require a mix of properties to be built to suit individual areas’ needs - placing additional pressure on councils’ planning teams?
Let's bring you some of the latest pictures coming to us from Downing Street, where we have just seen removal men taking furniture out of No 10 and loading it into a van.
Of course, the change in prime minister doesn't just apply to a change in Parliament, but also a change of occupancy in Downing Street.
It means Rishi Sunak's belongings will be removed and taken away from No 10 and in the coming days, Sir Keir Starmer's possessions will be brought in.
