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
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 surcharge, does not want to see the UK’s new prime minister targeting the banking industry to raise extra revenue.
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