Andy Burnham has pledged to put "life's essentials back under stronger public control" in his first speech as prime minister of the United Kingdom.
Burnham was sworn in by King Charles III at Buckingham Palace this afternoon after the king formally accepted Sir Keir Starmer's resignation earlier in the day.
In his first speech as PM, delievered from outside No.10, Burnham said he would "make this moment a circuit breaker for Britain, bringing forward the biggest changes in the last 40 years, a new political model and a new economic model".
The new PM said he will bring forward a 10-year plan later this year, "laying out a path from where we are now to where I believe we all want Britain to be, wherever we're coming from, whatever party we support".
He said this will include putting "life's essentials back under stronger public control to make them affordable again, reindustrialising Britain using public procurement to back British industry".
Burnham said his first instruction when he enters No.10 will be to "end rough sleeping in our country". Following his speech, No.10 announced £340m in extra funding for rough sleeping.
Burnham said he will also set out new measures tomorrow to "give people some breathing space now, some help with the cost of living".
He also pledged to "help more young people into work by changing the education system and giving them more support, more mental health support, and... build more council homes". He said this is "the fair and sustainable way to bring the welfare bill down to meet our fiscal rules and to honour our commitments on defence to our international partners".
The new PM said his government will also "help people to live well, building a more preventative state, investing in people's success rather than paying for failure".
Ending his speech, he said: "It's about putting the right values and the right standards at the heart of government. I will put the care of people at the heart of everything I do. I will give this my all, and I ask you all to pull with me. Let's build a new national sense of unity, of common purpose, and positivity. Let us make this the moment when Britain starts to believe again – the moment we bring back hope."