Biggest August fall in British house prices since 2018; Dimon warns UK against higher bank taxes – business live

British house prices expected to fall this year, despite ‘Burnham bounce’, Rightmove reports

• Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month

Elsewhere this morning, the boss of JP Morgan has renewed his pressure on the UK government not to raise taxes on banks.

Jamie Dimon told chancellor John Healey that creating a more hostile tax environment for banks could cost jobs, the Financial Times reports.

The Wall Street executive told Healey in a call on Thursday that higher taxes often drive jobs elsewhere, citing a material decline in finance roles in New York that he attributed in part to the city’s tax burden, according to people briefed on the conversation.

“The new Prime Minster has brought a general boost to optimism and has ruled out property tax changes in October’s Budget, meaning buyers have fewer reasons to wait around and see what happens.”