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Jamie Dimon warns JP Morgan may scrap £3bn London HQ if Labour turns hostile

financeMay 13, 202616126

Jamie Dimon said JP Morgan could scrap its planned £3 billion Canary Wharf headquarters if a future Labour prime minister adopts policies 'hostile to banks'. The investment would fund a major London office development and Dimon said the decision is conditional on a stable, bank-friendly regulatory and tax environment. The warning signals that large banks can use investment decisions to influence UK policy and that withdrawing the project could deter jobs, corporate spending, and London's appeal as a global financial hub.

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