Overview

• Shadow Treasury Secretary Darren Jones suggests inheritance tax as a tool for wealth redistribution.
• Labour's plan contrasts with Conservative and Reform Party tax cut agendas.
• Critics argue the tax disproportionately affects middle-class families and could harm economic growth.
• Labour has not ruled out increases in inheritance, capital gains, or council taxes.
• The number of estates subject to inheritance tax is projected to increase by 50% in the next Parliament.