Labour leadership challenger Owen Smith has pledged to reform pensions tax relief should he become prime minister.
In a speech made yesterday at the Open University in Milton Keynes, Smith said the changes would come as part of a package aimed at delivering "the biggest boost to the living standards of low-paid workers for a generation". This aims to improve workers' pay, in-work support and pensions to counter the "perfect Tory storm" of falling wages social security cuts and diminishing rights at work. Smith said: "I'll reform pension tax relief so that the richest pay more and low-paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal...
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