JPMorgan CEO Warns UK PM Burnham Higher Bank Taxes Could Threaten $4B HQ Plans: 'I Would Be Very Cautious'

JPMorgan CEO Warns UK PM Burnham Higher Bank Taxes Could Threaten $4B HQ Plans: 'I Would Be Very Cautious'

JPMorgan CEO Jamie Dimon has renewed his warning that higher taxes on banks could make the UK a less attractive place to invest. He recently cautioned UK Prime Minister Andy Burnham that further levies on the financial sector may compel the Wall Street giant to rethink parts of its long-term expansion plans in London. Specifically, Dimon said higher taxes on financial institutions could threaten plans to build its $4 billion, 279,000 square metr…

'I'm praying they get policy right': Dimon puts Burnham on notice

Jamie Dimon has handed Andy Burnham’s day-old government both a vote of confidence and a warning shot. The JP Morgan chief executive says he wants London to remain the US bank’s home “for a long period of time”, but whether Britain stays attractive as a place to do business rests on the new prime minister and his chancellor reviving growth. “The new chancellor [is] going to need good policies that actually cause growth. So I’m praying that they …

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon Business live – latest updates The boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away from Britain. The chief executive of the world’s biggest bank, who has a track record of criticising the UK’s bank tax surch…