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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

JP Morgan boss meets Burnham and Healey to warn against bank tax rise

Jamie Dimon JP Morgan United Kingdom John Healey Burnham
Jamie Dimon gestures with his raised hand while speaking during a TV interview
Jamie Dimon, the head of JP Morgan. The US bank employs about 23,000 staff in the UK. Photograph: Richard Drew/AP

Jamie Dimon, chief executive of the largest US bank, JP Morgan, is understood to have warned Andy Burnham and his chancellor, John Healey, against raising taxes on banks in his inaugural budget in October.

The Wall Street billionaire met the politicians on Wednesday and cautioned them that higher taxes could put investment and employment in the UK at risk, it is understood.

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