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JPMorgan's Dimon says UK budget should be welcomed by market

Reuters
Yesterday
JPMorgan's Dimon says UK budget should be welcomed by market

LONDON, Nov 26 (Reuters) - JPMorgan chairman and chief executive Jamie Dimon said on Wednesday British finance minister Rachel Reeves' focus on measures to foster growth in her budget was the only way to "lift up everyone."

Dimon, in rare remarks on the day of a national budget, said the Chancellor's financial discipline should be something that markets should welcome. Dimon commented in an emailed statement.

JPMorgan, the largest U.S. bank, employs over 22,000 people in the UK, according to the company's 2024 annual report.

The pound GBP=D3 was up 0.4% on the day at $1.3223, while benchmark 10-year gilt yields fell 6.7 basis points to 4.428%.

(Reporting by Amanda Cooper; Editing by Elisa Martinuzzi)

((amanda.cooper@thomsonreuters.com; +442031978531; Bluesky: @acoops.bsky.social;))

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