Dimon Says JPMorgan Would Scrap New UK HQ Over Higher Bank Taxes

Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf.

Dozens of Labour members of Parliament and a handful of ministers have called for Starmer to resign after his party suffered bruising losses in the UK’s local elections last week. Asked if JPMorgan would review its plans for the new office in light of political instability that’s followed, Dimon was unequivocal.