An inheritance tax raid to “redistribute” wealth is a possibility for a Labour government if it gets into power, a leaked recording of a shadow frontbencher suggests. Darren Jones, the shadow chief secretary to the Treasury, told a public meeting funds from the punitive levy should be used to address “intergenerational inequality.” In the leaked recording, the contents of which were first reported by the Daily Telegraph, Jones – who will be responsible for public expenditure if Labour wins the election as widely expected – said there is a “bulk coming through the system of huge amounts of inherited wealth.”