Reeves Finally Faces Day of Reckoning on Tax-Raising Budget

WATCH: Can Reeves satisfy both gilt markets and Labour Party backbenchers? Lizzy Burden is in Westminster with a preview.Source: Bloomberg

In the 84 days since UK Chancellor of the Exchequer Rachel Reeves announced the date of her second budget, she’s told both bond-market investors and Labour Party backbenchers that it was drafted with them in mind.

On Wednesday, it becomes clear whether she can please both of these very different audiences, when she stands at the dispatch box in the House of Commons and puts an end to months of speculation. Reeves left Downing Street to be escorted through crowds of protestors on her way to deliver the speech in Parliament.