Integrates Podemos within a renovated social democratic cabinet open to increased autonomy for Basques & Catalans, as well as constraints on short term contracts for precarious work, especially among the young
Based on what I have read about the new Prime minister and the past administration, I think he will put in place some social measures (retirement plans and taxes) and reinforced existing ones. As mentioned by Richard, his government will be open to more autonomy for Catalans, but will not support any cessation agenda. (from Togo)
My initial assessment is that he is preparing for the next election. He has no control in parliament and wants to put a short term show with the goal of gaining more support in the future election. The composition of his cabinet manifests this strategy.
The main reason why Sánchez had the presidency was to avoid immediate elections. A victory of the political party "Ciudadanos" seemed clear. They formed a coalition with the "Popular Party" and had a presence in the media that will not be so easy now.
As Mr. Otieno said, Pedro Sánchez has gained enough time to dispose of him, of this media vigilance and to be able to win votes to "Ciudadanos" and "Podemos".
The policy with Catalonia will vary very little because it has no margin for a thorough negotiation. Spanish public opinion is quite manipulated by the media and any agreement will be seen as a concession instead of a frank negotiation to solve a serious problem.
Regarding the issues of labor reform to avoid precariousness, he has hands tied to budgets and EU surveillance. He will try to make some effective hands-on game to grow in votes and recover the progressive social mass that, for the moment, dominates "Ciudadanos", and, on the other hand, to be rigid and inflexible to approach the voters of the "Popular Party".
It could be that he was doing well but, most likely, he died in the attempt. People of your party are already taking you measures for the coffin. Forgive me the little humor ...