The Banking Lobby's Latest Power Play in London Jamie Dimon, CEO of JP Morgan, has inserted himself into the UK's budget debate by warning Chancellor John Healey against hiking taxes on banks' profits.
Dimon's move is less about concern for jobs and more about protecting the interests of the financial elite.
The Financial Times reported that Dimon phoned Healey to express his reservations, citing a decline in finance roles in New York due to the city's tax regime.