00:00Thank you.
00:12I have just come from Buckingham Palace where I have accepted His Majesty the King's invitation to form a government.
00:34In doing so, I am acutely conscious that I am the sixth person in the last ten years to walk
00:44up this street.
00:45The seventh Prime Minister since 2016.
00:50Making this a moment for reflection and new resolution.
00:57It requires my generation of politicians to raise our game and rise to the new challenge.
01:09Britain needs to show the world that we can regain our stability once again.
01:18And that is our challenge.
01:20To make politics work.
01:22To make it work better.
01:25I know people at home are fed up with politics.
01:29I hear you.
01:30And I want to be honest with you.
01:33We have not been good enough.
01:35And we need to be better.
01:39We will be.
01:42We will make this moment a circuit breaker for Britain.
01:47Bringing forward the biggest changes in the last 40 years.
01:52A new political model.
01:55And a new economic model.
01:59A new economic model.