Dimon to Meet UK Chancellor Hunt to Discuss Bank Windfall Tax Plan

JPMorgan CEO Dimon plans to meet with UK Chancellor Healey on Wednesday, according to sources, as the country's new government is considering imposing a windfall tax on bank profits in the upcoming budget. The CEO had an introductory call with Healey last month to discuss tax policy. In his first major speech since taking office this week, Healey emphasized plans focused on economic growth and fiscal discipline. However, expectations of rising inflation and uncertainty over government spending plans have caused UK borrowing costs to surge in recent weeks, increasing expectations of higher taxes.