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JPMorgan Chase, one of the world’s largest banks threatened to leave the UK if the government increased tax on banks at last year’s autumn budget.

This is so much bollocks. The UK is one of the world’s biggest financial centres. There is no way this bank would leave. Reeves should have called their bluff. Instead she gave in and made the rest of us poorer.

#Banking #Austerity #UKPolitics

https://www.opendemocracy.net/en/dark-money-investigations/jp-morgan-chase-rachel-reeeves-leave-uk-increase-tax-bank-surcharge-jamie-dimon-autumn-budget/