The PM and Labour leader Keir Starmer are debating the government's agenda
Prince Charles earlier delivered the Queen's Speech in Parliament, setting out the government's agenda for the coming year
He said the government's priority "is to grow and strengthen the economy and help ease the cost of living for families”
But Labour says Boris Johnson's administration is not up to the challenge as inflation soars and families struggle
In all, 38 bills and draft bills have been announced as Johnson seeks a reboot after disappointing local election results
Bills include measures to tackle empty high street premises and address the levelling up agenda
There are also proposals to remove EU laws and a public order bill to clamp down on disruptive protests
Image source, PA MediaPrince William leaves the House of Lords.
He is travelling back to Kensington Palace by car.
WATCH: Prince Charles and Prince William leave Palace of Westminster
Dominic Casciani
BBC Legal Correspondent
The government is promising a new power to criminalise demonstrators who glue or lock themselves on to objects.
Hang on… haven’t we heard this all before? Yep - that’s right - Home Secretary Priti Patel dropped it from the recent and mammoth Policing, Crime, Sentencing and Courts Act in the face of resolute opposition in the House of Lords.
“Locking On” has made recent headlines thanks to the imaginative yet disruptive protests from climate change protesters Extinction Rebellion. But the tactic is as old as the hills. What’s not clear is why this government wants to make it a specific crime punishable by prison when their predecessors - Conservative and Labour alike - didn’t feel it was a necessary punishment.
Ministers say the power is vital to help people go about their business by preventing demonstrators stopping trains, closing bridges and so on.
But Parliament has so far not been convinced - and the human rights group Liberty says it’s a rehashed “power grab” from a government determined to shut down accountability.
Image source, Getty ImagesPrince Charles and Camilla, the Duchess of Cornwall, have left the House of Lords.
They are travelling back to Clarence House by car.
Simon Jack
BBC Business Editor
The world of business welcomes the sentiment behind a Levelling Up and Regeneration bill to spread investment and opportunity across the UK - but many are yet to be convinced the detail needed for delivering it has been grasped.
There will be some raised eyebrows about promised bills that have been parked for now.
For example, a bill strengthening employee rights and laws to strengthen trust in the way companies are run in the wake of some spectacular company busts.
Few business leaders believe any government can legislate a country to growth - they will hope the government is serious about tax cut ambitions mentioned in the speech having seen that burden rise on firms in the last ten years.
Simon Jack
BBC Business Editor
For business the most important line of this speech was the first one - a priority to grow and strengthen the economy.
Proposals to allow insurance companies to invest more in longer term infrastructure assets by moving away from EU rules (Solvency II) is broadly welcomed by business groups and could spur extra investment in transport and energy networks - particularly new nuclear.
But most businesses have no appetite for a "bonfire" of EU regulations that firms have spent many years and lots of money baking into their business models and they have to comply with anyway of they want to sell to the UK's biggest export market.
"We welcome smarter regulation in the future but we don't want divergence from EU regulations just for the sake of it," said one executive.
With the speech finished, Prince Charles is now leaving Parliament, with Prince William and the Duchess of Cornwall at his side.
His departure means the new parliamentary session can begin and Parliament can get back to work.
So what's next?
MPs will return to the House of Commons, where Prime Minister Boris Johnson will make a statement about the Queen's Speech and a debate will take place, from 1430 BST.
Expect Mr Johnson to add more detail to some of the legislative announcements, and MPs to ask tough questions.
Stick with us for full coverage.
Addressing peers and MPs, Prince Charles tells Parliament “other measures will be laid before you”.
The phrase “other measures” basically gives ministers flexibility to bring forward legislation that’s not in the speech.
“I pray that the blessing of Almighty God may rest upon your counsels,” Prince Charles says.
And with that, the speech has finished.
Image source, Getty ImagesWith the speech now drawing to a close, Prince Charles says he looks forward to celebrations to mark the Queen’s Platinum Jubilee.
A jubilee is a celebration of the anniversary of a special event, and the term is mostly associated with the Royal Family.
They mark significant periods in the life and reign of a monarch.
This year's celebrates the Queen's 70th year as monarch.
Image source, Getty Images"Her Majesty's Government will continue to seize the opportunities of the United Kingdom’s departure from the European Union, to support economic growth. Regulations on businesses will be repealed and reformed," Prince Charles announces.
He says a new Brexit Freedoms Bill "will enable law inherited from the European Union to be more easily amended".
Under a new Procurement Bill, "public sector procurement will be simplified to provide new opportunities for small businesses," he says.
Prince Charles says the “continued success and integrity of the whole of the United Kingdom is of paramount importance to my government, including the internal economic bonds between all of its parts”.
“My government will prioritise support for the Belfast Agreement and its institutions, including through legislation to address the legacy of the past.”
The Belfast - or Good Friday - Agreement ended decades of conflict in Northern Ireland.
The agreement has come into focus over post-Brexit trading arrangements and the election to Northern Ireland’s devolved assembly last week.
Now Prince Charles turns to immigration and crime.
The government, he says, will protect the integrity of the UK’s borders and ensure the safety of its people.
“My ministers will take action to prevent dangerous and illegal Channel crossings and tackle the criminal gangs who profit from facilitating them,” Prince Charles says.
The government has already passed the Nationality and Borders Act, which allows some asylum cases to be processed overseas, in the last parliamentary session.
On crime, Prince Charles says the government will pass legislation to give police “powers to make the streets safe”.
Another bill will be brought forward to “further strengthen powers to tackle illicit finance, reduce economic crime and help businesses grow”.
Image source, Getty ImagesPrince Charles says a "Bill will be brought forward to drive local growth, empowering local leaders to regenerate their areas, and ensuring everyone can share in the United Kingdom’s success.
The planning system will be reformed to give residents more involvement in local development," in a Levelling Up and Regeneration Bill.
"Her Majesty's Government will improve transport across the United Kingdom, delivering safer, cleaner services and enabling more innovation. Legislation will be introduced to modernise rail services and improve reliability for passengers," in a Transport Bill.
Image source, Getty ImagesThe government’s reforms to education “will help every child fulfil their potential wherever they live”, Prince Charles says.
He says legislation will aim to raise standards and improve the quality of schools and higher education.
My ministers, he says, will publish draft legislation to reform the Mental Health Act.
Now Prince Charles turns to energy.
His government, he says, will “bring forward an Energy Bill to deliver the transition to cheaper, cleaner, and more secure energy”.
He says this bill will build on the success of the COP26 climate summit in Glasgow last year.
At the summit, countries across the world set ambitious targets to lower carbon emissions.
Prince Charles also mentions how the government will aim to “promote competition, strengthen consumer rights and protect households” with draft legislation.
Chris Mason
Political Editor
It is an occasion grounded in near timeless ritual and ceremony.
There’s a fastidious familiarity to it for regular observers: the history, the rituals, the colour, the costumes.
It is that familiarity that makes the Prince of Wales’ central role today stand out so starkly.
Not just the Queen’s absence, but that glimpse into the future too.
Shortly, though, ceremony will conclude and the noise of politics will resume in the Commons chamber.
Back on the economy, Prince Charles says the government will drive “growth to improve living standards and fund sustainable investment in public services”.
“This will be underpinned by a responsible approach to the public finances, reducing debt while reforming and cutting taxes.”
He says his ministers will support the Bank of England to return inflation to its target.
To keep inflation low and stable, the government sets the bank an inflation target of 2%.
Prince Charles now outlines other government priorities, such as making streets safer and reducing NHS backlogs after the Covid-19 pandemic.
He also mentions Ukraine, which the UK has been supporting with humanitarian and military aid since the Russian invasion earlier this year.
“In these challenging times, my Government will play a leading role in defending democracy and freedom across the world, including continuing to support the people of Ukraine,” Prince Charles says.
The speech has begun with Prince Charles addressing MPs and peers in the House of Lords.
He starts the speech by saying the government’s priority “is to grow and strengthen the economy and help ease the cost of living for families”.
This is a reference to the marked rise in living costs driven by global economic shocks and the war in Ukraine.
“My government will level up opportunity in all parts of the country and support more people into work,” Prince Charles says.
Addressing regional inequalities - dubbed levelling up by the government - was one of Boris Johnson’s central manifesto pledges.
WATCH: Prince of Wales takes seat to deliver Queen's Speech
It's been reported that the Queen's Speech today could feature a Levelling Up and Regeneration Bill, which would reform planning and force landlords to let out empty shops.
Research from the Institute for Fiscal Studies found that "on a wide variety of measures, regional disparities in the UK are greater than in most comparable countries".
But, once housing costs have been adjusted for, living standards across the UK are not particularly unequal.
The government has said it will start investing in more areas around the UK, rather than just in London. Some civil servants are planned to be based in Darlington, for example, rather than Whitehall.
Levelling Up Secretary Michael Gove said yesterday that rising prices in shops were making the government's plans for the country tougher.
WATCH: Prince William arrives for the State Opening of Parliament