Gareth Lewis: How are the Labour’s Welsh pledges looking?

This was at the heart of the PM’s speech on Tuesday.

But it will take time and it might be painful, especially if you are losing the winter fuel payment, or if you are losing your job at Tata steel in Port Talbot.

The steel deal is essentially the same as the Conservative plan Labour previously criticised, albeit with better redundancy terms.

If you don’t feel economically stable yet, the PM is asking you to be patient, because, he says, there is light at the end of the tunnel.

There will be more pain to come first though in the UK government’s budget next month when spending cuts and some tax rises are expected, and the Welsh government’s budget in December.

But there is also the possibility that if, as hinted, the chancellor does relax her self-imposed rules to allow freer spending on big infrastructure projects like hospitals and transport, then that might make more money available for the Welsh government, which has responsibility for those areas.