How many sweeteners does JP Morgan need to build an office in Canary Wharf? | Nils Pratley

US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away The way Rachel Reeves told it last November after her budget, it seemed to be a done deal that JP Morgan would build a 279,000 sq metre (3m sq ft) tower in Canary Wharf to serve as its European headquarters. The chancellor was “thrilled” the Wall Street bank had chosen London and hailed “a multibillion-pound vote of confidence in the UK economy and this government’s plans ...

By Nils Pratley