Jamie Dimon says JPMorgan Chase could withdraw or scrap plans for a new London headquarters in Canary Wharf if future UK leadership brings higher taxes on banks. Multiple outlets report that Dimon links the possibility to political conditions, including a scenario in which Keir Starmer is replaced as prime minister. Bloomberg reports Dimon would respond to any move to raise bank taxes by scrapping the bank’s proposed investment, described as running into billions of dollars. The Guardian adds that JPMorgan’s planned Canary Wharf project is valued at around £3 billion and that the bank had received approval to proceed with construction after Rachel Reeves’s autumn budget spared lenders from tax hikes. The Times of India similarly describes Dimon as warning about a “hostile” stance toward banks, while also saying he supports Starmer and Reeves and advocates closer UK-Europe ties after Brexit. The articles also note that political uncertainty around leadership is contributing to volatility in UK bond markets. Overall, the reporting centers on Dimon’s warning that tax policy changes could affect JPMorgan’s UK expansion plans.