JP Morgan slams Healey for bank tax hike that ‘lacks principle’

City AM ·
Economy Central Banks United Kingdom
United Kingdom

JP Morgan has slammed the Labour government for raising taxes on the UK banking sector and said the move “lacks principle”. Wall Street’s biggest bank, which serves over 2.5m UK users through its retail arm Chase, said it is “committed” to the UK but raised concern over the targeting of the sector in John Healey’s [...]

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