Dimon Warns Tax Hikes Risk Finance Exodus | Ireland News

Jamie Dimon warns Chancellor John Healey that tax hikes on bank profits could drive financial jobs overseas, citing New York’s decline as a cautionary tale. As the UK prepares its autumn Budget, Dimon opposes windfall taxes and wealth levies, arguing they unfairly target companies uninvolved in past crises and risk pushing capital abroad. While the Trades Union Congress pushes for a higher windfall levy to fund public priorities, Dimon urges caution, stressing that an uncompetitive tax system could undermine the UK’s economic future. With no room for borrowing and rising costs, Healey faces tough choices — tax increases or spending cuts — as he seeks to balance devolution, defense, and living standards. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b4d964163a8bf4b9