Dimon Warns UK on Bank Taxes | UK News

Jamie Dimon is sounding the alarm to UK’s Chancellor, warning that taxing banks’ record profits could devastate London’s financial sector — risking job losses in the City. Not for the first time, Dimon opposes the UK’s higher bank taxes, which include a special levy since 2008. While campaigners push for a windfall tax to fund cost-of-living relief — potentially raising £19 billion — Dimon cites New York’s experience as proof such moves backfire. With UK banks reporting over £29 billion in profits this year, critics argue they can easily shoulder more — but Dimon says it’s not just about money; it’s about preserving jobs and stability. 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/34d7a442a6c9eec1