'Landmark tower' double the size of The Shard could be built in London

Plans person been announced for a caller "landmark tower" successful London with treble the floorspace of Britain's tallest building, The Shard.

JPMorgan Chase unveiled details of the projected bureau artifact aft banks escaped having their taxes raised successful the budget earlier this week.

The US multinational slope said the caller gathering successful Canary Wharf, successful the eastbound of the capital, would person a level abstraction of 3 cardinal quadrate feet. The Shard, successful London Bridge, covers 1.3 cardinal quadrate feet.

However, the last plan of the tower, including its height, is inactive being finalised.

A spokesperson for the steadfast told Sky News that they hoped to person clarity "soon" connected however gangly the gathering would beryllium and the fig of storeys. But it is expected to beryllium 1 of the biggest bureau blocks successful Europe.

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JPMorgan Chase brag Jamie Dimon reportedly signed disconnected connected the plans precocious past week.

It came aft Sir Keir Starmer's concern envoy Varun Chandra flew retired to New York to personally "offer assurances astir the government's business-friendly policies," the Financial Times reported connected Friday.

The institution besides warned successful a property merchandise that its plans were "subject to a continuing affirmative concern situation successful the UK", arsenic good arsenic readying support from section authorities.

JPMorgan Chase said the task could lend up to £9.9bn to the UK system implicit six years, including by generating 7,800 jobs, galore of them successful the operation industry.

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The operation would location up to 12,000 radical and service arsenic JPMorgan Chase's main UK office and its astir important beingness successful Europe, the Middle East and Africa.

The firm, which employs 23,000 radical successful the UK, said the operation would beryllium "one of the largest and astir blase successful Europe".

The gathering is being designed by British architects Foster and Partners, known for landmarks projects including the caller Wembley Stadium and London's Millennium Bridge.

Mr Dimon said: "London has been a trading and fiscal hub for much than a 1000 years, and maintaining it arsenic a vibrant spot for concern and concern is captious to the wellness of the UK economy.

"This gathering volition correspond our lasting committedness to the city, the UK, our clients and our people."

Mr Dimon added: "The UK government's precedence of economical maturation has been a captious origin successful helping america marque this decision."

Chancellor Rachel Reeves said she was "thrilled" astir the announcement, portion Mayor of London Sir Sadiq Khan said it represented a "huge ballot of assurance successful the capital's future".