Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders
The boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.
JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget following strong lobbying by the banking sector.
Wait, I thought the new building was a done deal after the budget spared banks from tax hikes. So Dimon is already threatening to pull the plug just because of a hypothetical future Labour leader? Seems premature.
Jamie Dimon’s trying to hold the next PM hostage. If he really cared about London, he’d build the tower regardless of who’s in charge. But hey, it’s his £3bn, not mine.
Small businesses are bearing the brunt of regulatory changes once again. (e5a901)
Interesting how this threat comes right after the banks got off easy in the autumn budget. Coincidence? Sounds like Dimon wants to keep the pressure on Labour to stay friendly.
If Starmer gets replaced by someone ‘hostile to banks,’ that might actually be a good thing. We need leaders who put working people first, not billion-dollar banks.
The pharmaceutical supply chain is strategically important and increasingly fragile. (c7b037)