JP Morgan Chase has reached an agreement with London City airport, clearing the way for the construction of one of Europe’s tallest office towers in Canary Wharf. A planning application for the 265-meter-high building is expected shortly.

JP Morgan is reportedly considering building a new office in Canary Wharf, London, with discussions ongoing regarding potential incentives and 'sweeteners' from the UK Treasury to secure the investment.

Asset manager BlackRock is reportedly looking at HSBC's Canary Wharf tower as a potential site for its new London headquarters, seeking at least 600,000 sq ft of high-end office space.

Talks mark the latest sign of growing confidence in the east London financial district

The Scottish Conservative Party has pledged to implement permanent tax cuts for businesses, overhaul rates, and reverse 'damaging cliff-edge' tax rises, while also promising to create a 'Scottish Canary Wharf'.