JP Morgan chief executive Jamie Dimon warns UK politicians, including London mayor Andy Burnham, that higher taxes on banks could have “consequences” and discourage investment in Britain. Multiple outlets report that Dimon reiterates criticism of the UK bank tax and related surcharge measures, arguing that additional tax burdens could push firms to leave or reduce plans for growth.
The remarks are linked to JP Morgan’s decision to build a major London headquarters project valued at about £3 billion. Financial Times and The Guardian both say Dimon’s warning specifically references the bank’s planned London office, suggesting that increased taxation could threaten those plans. The Daily Mail and other listings repeat the core message that Dimon urged restraint and cautioned that a “tax raid” or new tax increases targeted at banks would create risks for the sector and its UK investment.
The reports frame the comments as part of broader debate around how the UK should raise revenue and support economic growth, with Dimon positioning the banking sector as sensitive to changes in tax policy.
