New PM Rishi Sunak has reintroduced the Conservatives' moratorium on fracking in England, Downing Street has confirmed
It reverses his predecessor Liz Truss's decision to lift the ban in areas where there was local consent
The controversial technique for recovering gas and oil from shale rock was halted in 2019 after concerns about earth tremors
It follows Sunak's first Prime Minister's Questions as PM, where he was grilled by Labour Leader Keir Starmer and other MPs
Starmer accused him of making a "grubby deal" to reappoint Suella Braverman as home secretary just six days after she resigned over data breaches
Sunak responded that Braverman "made an error of judgment", has apologised, and he's delighted to have her back in cabinet
Earlier the government said it would delay announcing its plan to repair the UK's finances from Monday 31 October to 17 November
Following Rishi Sunak's first address as prime minister, his former boss has tweeted his congratulations.
In the last few moments Boris Johnson wrote: "Congratulations to Rishi Sunak on this historic day, this is the moment for every Conservative to give our new PM their full and wholehearted support."
Sunak is posing for photos outside Downing Street after finishing his first speech as prime minister.
He enters No 10 to loud applause and cheers from the crowds outside.
During his speech, protesters could be heard heckling outside Downing Street and playing I Predict A Riot by Kaiser Chiefs on a speaker.
WATCH: Rishi Sunak enters No 10 as prime minister for the first time
Rishi Sunak completes his short speech outside No 10.
"Together we can achieve incredible things," he says.
Sunak says he is ready to lead the country "into the future and put your needs above politics", adding he would build a government that "represents the best of my party".
The new prime minister says he understands he has work to do to restore trust after all that has happened.
"I'm not daunted," Sunak says, adding that he knows of the pressure of the high office and hopes he can live up to its demands.
Sunak goes on to say he understands how difficult this moment is after the costs of Covid and the Ukraine war.
"I fully appreciate how hard things are," he says.
He adds that he knows the mandate the Conservative Party earned in 2019 is not the sole property of one person, rather "it is a mandate that belongs to and unites all of us".
He pledges "a stronger NHS, better schools, safer streets, control of our borders, protecting our environment, supporting our armed forces and levelling up."
Sunak says he will always be grateful to Boris Johnson for his "incredible achievements" as prime minister.
He will treasure Johnson's warmth and generosity of spirt, he adds.
Sunak says his government will have integrity, professionalism and accountability at every level.
"Trust is earned and I will earn yours," he says.
Sunak says that during his time as chancellor he did everything he could "to protect people and businesses" through schemes such as furlough.
"I will bring the same compasssion to the challenges we face today," he says, adding that he will not leave the next generation with a "debt to settle that we were too weak to pay ourselves".
"I will unite our country not with words but with action," says Sunak.
"I will work day in and day out to deliver for you."
Sunak goes on to say he has been chosen as leader of the Conservative Party and prime minister to fix some of the mistakes made by his predecessor.
"That work begins immediately," he says.
Sunak pays tribute to Truss, saying she was not wrong to want to improve growth in this country, saying "it's a noble aim".
He says he admired her restlessness to create change - but "some mistakes were made".
"Not born of ill will or bad intentions, quite the opposite. But mistakes nonetheless."
Sunak said he is determined to "fix the mistakes" made by his predecessor.
Prime Minister Rishi Sunak begins by saying he has accepted an invitation from King Charles III to form a new government.
Like yesterday in his televised speech Sunak starts by paying tribute to his predecessor Liz Truss.
"It is only right to explain why I am standing here as your new prime minister," he says.
"Right now our country is facing a profound economic crisis.
"The aftermath of Covid still lingers."
Rishi Sunak is now at the lectern outside Downing Street as he prepares to speak to the nation for the first time as prime minister.
Stay with us as we bring you what he says.
Vicki Young
Deputy Political Editor
The arrival of a new prime minister means uncertainty for ministers ahead of expected reshuffle.
Here in the Commons there are plenty of people speculating but none of it seems very informed.
One Conservative MP says even many of those closest to Rishi Sunak have no idea what he’s going to do and the process is “hermetically sealed”.
Others say he hasn’t promised anyone a job, even Penny Mordaunt.
Nick Eardley
Chief political correspondent
I hear Rishi Sunak will not have supporters in Downing Street for his arrival.
His team see this as a serious time rather than one for celebration. I’d expect that to be reflected in his speech.
New Prime Minister Rishi Sunak has left Buckingham Palace and is making his way to Downing Street.
There he will take up residence at No 10, and will immediately begin work on forming a new cabinet.
We're expecting him to give his first speech in the role shortly, so stay with us.
Sean Coughlan
BBC News, royal correspondent
Image source, PA MediaThe audience between King Charles and the new prime minister, Rishi Sunak, marks the symbolic handover of power, in a mix of ceremony and political pragmatism. It’s a ritual of continuity, against a backdrop of huge political turmoil.
This is one of the key constitutional roles of the King - and one that his mother took very seriously, so much so that despite her ill health she tenaciously carried out her final meeting with Liz Truss, when she became PM last month.
It’s called “kissing of hands” but it’s more likely to have been a bow and a handshake, in a meeting where the monarch formally asks the new PM to form a government. It’s the King’s first such inaugural meeting, so both men are still in new roles.
After a few official photographs at the beginning, this will have been a private meeting, setting a pattern for the confidential weekly audiences that are held between the King and PM.
The audience was in the 1844 Room in Buckingham Palace, one of the grander rooms for distinguished visitors, full of marble and gilt. The room is named after the date of the visit of a Russian tsar.
Reminders of the national and international challenges will be everywhere.
Image source, PA MediaRishi Sunak is now the UK's 57th prime minister after being invited to form a government by King Charles.
He is the third prime minister this year and will enter Downing Street as the youngest PM in two centuries.
Image source, Nick Eardley/TwitterA different lectern has been placed outside Downing Street ahead of a speech from the new Prime Minister Rishi Sunak.
The Telegraph is reporting that Sunak will not have "his own personalised lectern" in a break with Tory tradition and this one is instead one that was already at Downing Street.
Truss sparked intrigue last month when she gave her first speech from Downing Street in front of a twisted lectern made of wooden blocks.
Lectern politics aside, Sunak will speak to the nation shortly for the first time since officially becoming PM.