Andy Burnham 'tax rises': JP Morgan boss warns higher bank and wealth levies risk driving jobs out of London

Jamie Dimon’s warning comes as the capital faces being hit with higher taxes to fund the Prime Minister’s ambitious plans

Jamie Dimon told the chancellor in a phone call that higher taxes can result in jobs being driven elsewhere, according to reports

The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial…

Jamie Dimon told the Chancellor in a phone call that higher taxes can result in jobs being driven elsewhere, according to reports.

Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in the City Jamie Dimon, the boss of the US bank JP Morgan, has urged John Healey not to use his first budget as chancellor to increase taxes on banks’ bumper profits. Speculation has been growing that a windfall ta

The boss of the America's largest bank has warned the Chancellor John Healey against a tax raid on the financial sector ahead of his first Budget.

The boss of the America's largest bank has warned the Chancellor John Healey against a tax raid on the financial sector ahead of his first Budget.

Dimon said higher taxes often drive away jobs, citing a decline in finance jobs in New York that he blamed in part on the city’s tax burden.

JPMorgan chief’s call to John Healey is part of lobbying by financial services sector ahead of October Budget

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