US banks announce UK expansion projects hours after budget

JP Morgan and Goldman Sachs reveal plans for London and Birmingham, with sector spared tax risesTwo of Wall Street’s biggest banks have announced major expansion plans in the UK, hours after they were spared increased taxes in Rachel Reeves’s autumn budget.JP Morgan on Thursday revealed plans to build a 3m sq ft tower in London’s Canary Wharf, which will serve as its new UK headquarters and house more than half of its 23,000 UK staff. It is understood the project will cost £3bn. Continue reading...