The shadow chancellor wants more of the money currently saved for retirement schemes to find its way into support for expanding UK businesses and says her changes could increase the size of the average pension pot by up to £37,000.
The chancellor, Jeremy Hunt, will announce plans to lift the economy's growth rate in next week's autumn statement but Reeves said the 25 tax increases announced by the government in recent years were evidence of its failure since 2010.
"It is because the Tories have failed to grow the economy that they are picking the pockets of ordinary working people," she said.
This story is from the November 14, 2023 edition of The Guardian.
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This story is from the November 14, 2023 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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