economy
JPMorgan boss Jamie Dimon warns of ‘consequences’ if Andy Burnham taxes banks
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TL;DR
- JPMorgan CEO Jamie Dimon warns new UK prime minister against taxing banks.
- Tax increases could threaten a planned £3bn London office and deter investment.
- Dimon argues taxing banks could have adverse consequences for the UK economy.
- He believes the UK bank levy and corporation tax surcharge are punitive measures.
- Trade unions are urging the new prime minister to consider wealth taxes, including on banks.