In this week’s Senedd Sources, Ollie Cole, Jo Kiernan and Craig Lawton unpack the Caerphilly by-election fallout, the rise (and stall) of Reform UK in Wales, and the quiet competence of Plaid Cymru’s ground game.

They also look ahead to Wales’ long-delayed Investment Summit, asking whether it will deliver real inward investment or just more political headlines. With First Minister Eluned Morgan under pressure and Rebecca Evans standing down, how stable is Welsh Labour’s economic strategy heading into next year’s Senedd elections?

From Rachel Reeves’ “party of business” pivot to the Tories’ identity crisis and the endless debate over “growth you can feel in your pocket”, this is a lively, insider-led look at what’s really happening in Welsh politics.

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