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BUSINESSJul 21 · 07:42 UTCTHE GUARDIAN WORLDMark Sweney

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

JP Morgan CEO Jamie Dimon warned UK's Andy Burnham against imposing higher taxes on banks, stating it could jeopardize the bank's £3bn London headquarters plan and divert investment from Britain. Dimon, who has criticized the UK's bank tax surcharge, cautioned against targeting the banking sector for additional revenue under the new prime minister.

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