Jamie Dimon warns UK chancellor against higher bank taxes

JPMorgan chief Jamie Dimon has warned UK chancellor John Healey against increasing bank taxes ahead of the October Budget. Dimon argues that higher taxes could deter financial investments, threatening economic growth and London's status as a global financial hub. He noted that such measures often drive away jobs, referencing a decline in New York finance positions which he partially attributed to the city's tax burden. This warning is part of broader lobbying by the financial services sector.