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JPMorgan Chase & Co. CEO Jamie Dimon says a move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan scrap plans to invest billions in a new London headquarters.
Jamie Dimon warned JPMorgan might cancel a London HQ if UK increases bank taxes.
KEY POINTS
- Labour MPs and some ministers are urging Starmer to resign after local election losses.
- JPMorgan's London investment is contingent on political and tax stability post-election.
- Dimon was explicit that tax hikes would directly affect JPMorgan's London expansion plans.
COMPANIES
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