Rachel Reeves will set out her spending plans for the coming years this afternoon in a Spending Review expected to lay the path for major tax rises.
Major boosts for the NHS, schools, defence, local transport and nuclear power are expected to be unveiled by the Chancellor at lunchtime when she sets out departmental settlements for the next few years
But it is also likely to involve squeezes for other departments as the Chancellor seeks to keep within the straight jacket of fiscal rules she has set for herself.
Her room for manoeuvre has also been further constrained by the Government's U-turn on winter fuel payments, which will see the benefit paid to pensioners receiving up to £35,000 per year at a cost of around £1.25 billion to the Treasury.
Among the expected losers are the police, with Yvette Cooper's pleas for more cash to help with lowering crime believed to have fallen on deaf ears, despite warning it could lead to fewer bobbies on the beat.
