Dimon reportedly told Healey that heavier taxation could push employment to other locations, citing a fall in finance jobs in New York partly linked to the city's tax burden. He indicated that a windfall tax on bank profits or broader increases in wealth taxes would not be well received. Dimon also argued that the UK's economic difficulties could only be addressed by promoting growth through "good policy." This private advice follows public remarks last month and comes as JPMorgan considers plans for a £3 billion ($4.05 billion) headquarters project in Canary Wharf, which depends on a "continuing positive business environment in the UK."