London - Britain's new government is set to introduce over 35 bills as the parliamentary year formally begins on Wednesday, with economic growth as a central focus, according to Prime Minister Keir Starmer's office.

Starmer, who recently ended 14 years of Conservative rule with a decisive election victory for his Labour Party, stated that his administration aims to deliver stability, boost growth, and create wealth across the country.

Among the proposed legislation is a bill to enforce stringent new spending rules and enhance the role of the independent Office of Budget Responsibility, ensuring that significant fiscal announcements undergo thorough scrutiny.

"Our work is urgent. There is no time to waste," said Starmer, who attended his first major international meeting as the country's leader at the NATO summit last week. "We are hitting the ground running by bringing forward the laws we will need to rebuild our country for the long-term – and our ambitious, fully costed agenda is the downpayment on that change."

Rachel Reeves, the country's first female finance minister, outlined plans shortly after the election to increase house building, unblock infrastructure projects, and attract private investment. Through a new National Wealth Fund, the government aims to draw private capital into emerging and growing industries to support economic growth and meet net-zero commitments.

The State Opening of Parliament, which features the Sovereign, the House of Lords, and the elected House of Commons, is a significant event that attracts large crowds and a considerable TV audience.