Junior doctors’ leaders are confident they can resolve the NHS pay row without further strikes but warned “much more meat” is needed to reach a deal. The chancellor, Rachel Reeves, is launching a £7.3bn national wealth fund, as part of a drive by the newly elected Labour government to attract billions of pounds of private sector cash for big infrastructure projects across the UK. As Kalyeena Makortoff and Julia Kollewe report, the NWF, which Reeves said would be established “in less than a week”, is designed to help projects such as ports, gigafactories, hydrogen and steel projects to attract a mix of investment, aiming for roughly £3 of private funds for every £1 of taxpayer cash. Keir Starmer has used his first speech in the Commons as prime minister to urge MPs to “replace the politics of performance with the politics of service”. Speaking in a short debate following the election of the new speaker, he said the new Commons is “the most diverse parliament by race and gender this country has ever seen”, with the largest cohort of LGBT+ MPs in the world. Lisa Nandy, the culture secretary, has said she wants to end the era of her department engaging in “culture wars”. In a message to staff, she said: The era of culture wars is over. Our government will be different. A few years ago, the Royal Exchange in Manchester put on a play about the women of the miners strike. And on one of my council estates in Wigan, working class women hired a coach to go and see it. It was a story that had been told about their lives so many times without them in it. And it was magical to see their response to being put at the centre of their own story again. That is how I intend us to serve our country. Celebrating and championing the diversity and rich inheritance of our communities and the people in them. Under the Conservatives, the Department for Culture, Media and Sport was often accused of engaging in “culture war” politics because it seemed preoccupied with attacking cultural institutions, and the BBC, over activities that could be seen as too “woke”. Wes Streeting, the health secretary, has said that he wants to turn the Department of Health and Social Care into “an economic growth department”. (See 2.04pm.) Keir Starmer is planning to wait until after the US election to name a new ambassador to Washington, sources have told the Guardian. Jonathan Ashworth is to become the chief executive of the highly influential Starmerite thinktank Labour Together after losing his parliamentary seat, the Guardian has learned. Rishi Sunak is understood to have told MPs he has no plans to leave for California and will do all he can to facilitate a smooth leadership transition. Suella Braverman’s “divisive rightwing politics” make her unsuitable to lead the Conservative party, Ben Houchen, the Tees Valley mayor has said, amid a backlash after the former home secretary said her party had been too liberal. Bob Blackman is the new chairman of the Conservative Party’s 1922 committee of backbench MPs, PA reports. Of the 98 votes cast, Bob Blackman received 61 and Sir Geoffrey Clifton-Brown 37.