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Story summary
- Chancellor John Healey will meet JP Morgan CEO Jamie Dimon to discuss UK bank taxes.
- Dimon warned that higher taxes could threaten UK investment and jobs.
- He said JP Morgan may abandon its £3 billion Canary Wharf tower if policies become hostile.
- UK banks pay 28% corporation tax plus surcharge, contributing £43.3 billion tax in FY 2025 after £200 billion profit.
- UK Finance warned that taxing banks could reduce credit to households and SMEs.
