Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in 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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This article was originally published by The Guardian and written by Lauren Almeida.
Read original article on The Guardian