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WE thought this moment would never come.

After a major delay from the Chancellor and weeks upon weeks of endless briefing and counter-briefing, the Rachel Reeves will deliver her second Budget on Wednesday.

The context is bad. Borrowing costs a fortune. Labour MPs have shown limited appetite for spending cuts. Reeves has ruled out a return to austerity. And despite her brief flirtation with raising income tax rates , this is probably now out of the question.

There are few who would want to work out the country’s finances and virtually none who want to be in Reeves’s shoes at the despatch box on Wednesday afternoon.

But that is just where she will find herself when the time comes around just after Prime Minister’s Questions.

Here’s the key things to watch out for when t

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