JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon

• https://www.theguardian.com/global/live/2026/jul/21/burnham-cuts-vat-electricity-bills-uk-borrowing-debt-economy-news-latest">Business live – latest updates

The boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away from Britain.

The chief executive of the world’s biggest bank, who has a https://www.theguardian.com/business/2026/may/12/jamie-dimon-jp-morgan-could-scrap-new-3bn-hq-if-starmer-is-replaced-by-pm-hostile-to-banks">track record of criticising the UK’s bank tax surcharge, does not want to see the UK’s new prime minister targeting the banking industry to raise extra revenue.