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Business & Finance

JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks

The Guardian UK Monday 17 August 2026, 07:55 UTC By Lauren Almeida 1 min read
Key Points

Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in the CityJamie Dimon, the boss of the US bank JP Morgan, has urged John Healey not to use his first budget as chancellor to increase taxes on banks’ bumper profits. Speculation has been growing that a windfall tax could be imposed on UK lenders to fund Andy Burnham’s cost of living agenda, with campaigners estimating such a move could raise £19bn.

Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in the City

Jamie Dimon, the boss of the US bank JP Morgan, has urged John Healey not to use his first budget as chancellor to increase taxes on banks’ bumper profits.

Speculation has been growing that a windfall tax could be imposed on UK lenders to fund Andy Burnham’s cost of living agenda, with campaigners estimating such a move could raise £19bn.

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JP Morgan (ORG) Jamie Dimon (PERSON) UK (LOCATION) US (LOCATION) John Healey (PERSON) Andy Burnham (PERSON)
Originally published by The Guardian UK Read original →

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