In the first State Opening of Parliament under a Labour government in 14 years, King Charles III delivered a speech outlining the government's legislative agenda. Key proposals include nationalizing railways, establishing a publicly-owned clean power company, and delivering 1.5 million homes. The government plans to strengthen local governance, enhance employment rights, and reform planning rules to accelerate infrastructure projects. Additional measures include modernizing the asylum and immigration system and conducting a strategic defense review. The speech emphasized economic growth, devolution, and stability as cornerstones, with new fiscal rules requiring independent scrutiny by the Office for Budget Responsibility.