JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
JP Morgan Chief Executive Jamie Dimon warned Prime Minister Andy Burnham against raising taxes on banks, suggesting it could jeopardize the bank's planned £3 billion London headquarters in Canary Wharf. Dimon said higher levies could drive investment away from Britain and have "adverse consequences." Banks currently pay a 28 percent corporation tax rate plus a separate balance sheet.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 21 Jul 2026, 07:42 UTC · Updated 21 Jul 2026, 08:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections