"Over canapes of beef and stilton pie, bone marrow gravy and mushy peas, the financiers at JP Morgan's New York headquarters held their champagne flutes aloft for a toast: His majesty the king. Just days before Rachel Reeves's budget amid the chancellor's efforts to soothe business fears and bond market jitters Jamie Dimon, the Wall Street banking company's boss was hosting a birthday celebration for King Charles at it's new $3bn (2.3bn) Manhattan headquarters."
"Varun Chandra, the prime minister's envoy, however, was among the 400 guests. Dispatched, according to the Financial Times, to reassure the JP Morgan boss of Labour's pro-business stance. This week hours after banks were spared a tax rise in Reeves's 26bn budget Dimon unveiled plans to build a 279,000 sq metre (3m sq ft) tower in London's Canary Wharf district, with a caveat that a continuing positive business environment in the UK was required."
Financiers at JP Morgan's New York headquarters toasted King Charles with canapés and champagne while the king was absent. Jamie Dimon hosted the birthday event at the bank's new $3bn Manhattan headquarters days before Chancellor Rachel Reeves's budget. Varun Chandra, the prime minister's envoy, attended among 400 guests to signal Labour's pro-business stance. Hours after banks were spared a tax rise in a 26bn budget, Dimon announced plans for a 279,000 sq metre tower in London's Canary Wharf contingent on a continuing positive UK business environment. Financial services secured privileged status amid intense City lobbying.
Read at www.theguardian.com
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