Think tank warns Labour's AE plans will 'damage businesses'

Shadow work and pensions secretary Rachel Reeves on Thursday outlined plans to reduce the threshold for AE eligibility from £10,000 to £5,772, effectively enrolling 1.5 million more workers - including some one million women - into a pension scheme. She said low earning families are facing a cost-of-living crisis and are finding it increasingly hard to save for their retirement, which in turn "threatens to store up huge costs for taxpayers in the future with a rising benefits bill". But the IEA hit back at Reeves' plans arguing the move would "nudge people into joining pension arrange...