"Jamie Dimon offered his support to the prime minister, who has been facing intensifying pressure to resign, he threatened to pull a billion-dollar project if Labour moved towards the left. Nearly 100 MPs have called on Sir Keir to resign or issue a timetable to step down amid the fallout, which has also seen four of his government ministers quit after last week's disastrous local election results."
"I think Keir Starmer's a very smart guy, Mr Dimon told Bloomberg TV on Tuesday. Politics is really tough. They're in a bind because of debts and deficits they inherited a lot of that. I think the world of Rachel Reeves... They've got to be tough... I think they've got to work closer with Europe."
"However, he warned against Labour lurching towards the left in a bid to regain votes and said that he could pull a $3bn investment in a new Canary Wharf skyscraper if it did. Plans to construct the building were agreed in November last"
Jamie Dimon supported Keir Starmer while warning Labour against becoming hostile to banks again. He said politics is difficult and that Labour is dealing with debts and deficits inherited from previous circumstances. He praised Rachel Reeves and urged Labour to work closer with Europe. Dimon warned that Labour should not lurch left to regain votes. He threatened to pull a $3bn investment in a new Canary Wharf skyscraper if Labour moved in that direction. The prime minister faces intensifying pressure to resign after mounting leadership troubles, including calls from nearly 100 MPs and ministerial resignations following local election results.
Read at www.independent.co.uk
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