What you need to know:

Rachel Reeves will announce her long-awaited spending review at 12.30pm

Security, health and the economy are expected to be the biggest winners, including boosts to the NHS, defence and schools as well as a number of infrastructure projects

There will be real-terms cuts in some day-to-day government spending — and the Home Office is understood to have wanted more funding

On Tuesday the chancellor acknowledged that people were not feeling progress under Labour and said the spending review aimed to turn the dial to “make working people better off”