JP Morgan CEO Jamie Dimon told the UK chancellor on a call last week not to impose new taxes on banks, warning that an uncompetitive tax regime—under consideration ahead of the October budget—would weaken London’s financial centre and could prompt capital and financial jobs to leave the UK.

2026-08-17

JP Morgan CEO Jamie Dimon told the UK chancellor on a call last week not to impose new taxes on banks, warning that an uncompetitive tax regime—under consideration ahead of the October budget—would weaken London’s financial centre and could prompt capital and financial jobs to leave the UK.