Rachel Reeves plans pensions reform as part of Labour’s growth plan

Shadow chancellor also backs planning changes and industrial strategy, but no unfunded tax cuts'

Rachel Reeves is proposing to shake up Britain's pension system as part of a three-pronged plan aimed at boosting the economy's sluggish growth rate if Labour wins the next election.

The , wants more of the money saved for retirement schemes to find its way into support for expanding UK businesses, and says her reforms could increase the size of the average pension pot by up to 37,000.