Dimon warns UK’s Healey against raising taxes on banks, FT says

3 weeks ago 22

August 16, 2026, 6:33 PM ET

JPMorgan Chase CEO Jamie Dimon speaks during the peculiar   lawsuit   "Liberty Lights" astatine  the Statue of Liberty to observe  the 250th day  of US independency  connected  Liberty Island successful  New York City, connected  July 1, 2026.

JPMorgan Chase CEO Jamie Dimon speaks during the peculiar lawsuit "Liberty Lights" astatine the Statue of Liberty to observe the 250th day of US independency connected Liberty Island successful New York City, connected July 1, 2026. ANGELA WEISS / AFP via Getty Images

JPMorgan Chase & Co.’s Jamie Dimon warned UK Chancellor of the Exchequer John Healey successful a telephone past week against higher taxes connected banks arsenic Prime Minister Andy Burnham’s authorities prepares its fund for October, the Financial Times reported.

Dimon said higher taxes often thrust distant jobs, citing a diminution successful concern jobs successful New York that helium blamed successful portion connected the city’s taxation burden, the study said, citing unidentified radical briefed connected the conversation.

Burnham has near the doorway unfastened to expanding slope taxes successful the fund arsenic beardown profits successful the fiscal manufacture spur calls, including from organized labor, to summation levies connected lenders.

Dimon reiterated his disapproval of the UK’s slope taxation surcharge successful caller weeks, saying an summation could thrust superior away. “If you person a uncompetitive taxation system, superior leaves your country,” Dimon said connected the Master Investor Podcast with Wilfred Frost, arsenic portion of a speech connected July 16.  

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