JPMorgan's Europe Boss Ditches London for New York as 4,400 Finance Chiefs Flee Labour's 'Punishing' Tax Blitz

Over 4,400 finance leaders are abandoning London for New York and beyond, with JPMorgan’s Filippo Gori leading the charge. Is Labour’s tax blitz killing the UK’s financial hub? (Credit: Wewe Yang : Pexels)

The JPMorgan Chase's European chief, Filippo Gori, on 16 June 2025 announced his relocation from London to New York, joining a wave of over 4,400 financial executives reportedly exiting the UK due to Labour's aggressive tax reforms.

The move, less than a year after Gori's arrival in London, underscores the growing unease in Britain's financial sector.