JP Morgan boss meets Burnham and Healey to warn against bank tax rise

Jamie Dimon tells UK politicians before October budget that investment could be at risk, it is understood

Jamie Dimon, chief executive of the largest US bank, JP Morgan, is understood to have warned Andy Burnham and his chancellor, John Healey, against raising taxes on banks in his inaugural budget in October.

The Wall Street billionaire met the politicians on Wednesday and cautioned them that higher taxes could put investment and employment in the UK at risk, it is understood.