Business · 17 August 2026
JP Morgan boss warns UK against higher bank taxes
Lauren Hurley / No 10 Downing Street via Wikimedia Commons (OGL 3)
Jamie Dimon, head of US bank JP Morgan, urged Chancellor John Healey not to raise taxes on banks' profits in his first budget. Dimon informed Healey during a phone conversation that increased taxation might result in job losses. The Trades Union Congress condemned Dimon's comments, arguing banks should pay fair taxes to help cut energy bills.
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