Business · 21 July 2026

JP Morgan boss warns against new UK bank taxes

Connor Cunningham via Wikimedia Commons (CC-BY-SA-4.0)

Jamie Dimon, the head of JP Morgan, warned Andy Burnham that raising taxes on banks could threaten the company's £3 billion London headquarters. Dimon said such taxes have "adverse consequences" and could drive investment away from Britain. He added that he doesn't know what he would do about the planned office if Burnham's government did raise taxes for banks.

By BriefTea Editorial · 21 July 2026 at 9:51

Reported by Guardian · How we write briefs