JP Morgan chief to host Reeves at annual Davos summit

Jamie Dimon, the JP Morgan Chase chief, and Rachel Reeves, the chancellor, volition jointly big an lawsuit astatine adjacent week’s World Economic Forum, 2 months aft the Wall Street behemoth said it would unfastened a immense caller bureau successful London successful the aftermath of a fund which exempted the banking assemblage from punitive taxation rises.

Sky News has learnt that Mr Dimon has agreed to present the chancellor astatine a roundtable gathering successful Davos, Switzerland, adjacent Thursday, which volition beryllium attended by the bosses of immoderate of the world's biggest multinational companies.

Sources said the gathering would signifier portion of the chancellor's efforts to embark connected a renewed propulsion to beforehand Britain arsenic an concern destination astir the world.

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The invitation issued by Mr Dimon's bureau refers to "a unsocial accidental to prosecute with a cardinal policymaker connected the UK's existent economical landscape, plans for maturation and investment, and argumentation reform".

The JP Morgan president and CEO, who is wide regarded arsenic the world's astir influential slope chief, said successful the aftermath of November's Budget that Ms Reeves's "focus connected fiscal subject is thing that the marketplace should welcome, arsenic is the encouragement of retail information successful UK superior markets".

On the time pursuing the budget, JP Morgan confirmed plans to make a caller office successful London's Canary Wharf susceptible of lodging 12,000 of the bank's employees.

Speculation astir important further levies connected the banking manufacture had been rife successful the weeks starring up to the chancellor's fiscal connection with JP Morgan perchance among the institutions which would person been adversely affected by specified a move.

The Treasury yet decided against hiking existing taxes connected the sector.

Ms Reeves's caller twelvemonth charm violative with concern leaders volition footwear disconnected connected Tuesday erstwhile she hosts a pre-Davos reception aimed astatine presenting her economical priorities for 2026.

JP Morgan and the Treasury declined to comment.