Drakeford ‘optimistic’ about Labour’s election chances despite Welsh budget cuts

The video discusses the budget challenges faced by Wales due to a £1.3 billion shortfall compared to previous allocations, attributed to Tory economic management and inflation. It highlights the Welsh government's focus on protecting public services and the most vulnerable, despite financial constraints. The Labour party's ambitions for economic growth and improved public services are outlined, emphasizing the need for a long-term strategy. The video also addresses the need for House of Lords reform, criticizing the current unelected and hereditary system, and supports the Brown report's recommendations for a reformed, elected second chamber.

What does the speaker suggest is necessary for a Labour government to achieve its goals?

In what ways does the speaker propose to reform the House of Lords?