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