Rachel Reeves says Canadian model for pension funds can fire up UK economy [Video]

Rachel Reeves wants to create a ‘Canadian style’ pensions model to “fire up” the UK economy.

The government is considering consolidating local government pension schemes – to become big enough to invest billions in Britain.

It comes as Labour faces pressure to deliver on its ambitious growth targets.

The National Institute of Economic and Social Research (NIESR) has questioned the Starmer government’s decision to cancel infrastructure projects which would have boosted growth.

Last week, in response to what she said was a newly discovered £22 billion black hole in the public finances, Ms Reeves scrapped rail projects and a new hospital building program.

She is due to hold a roundtable with the head …