JPMorgan: 'Brexit could hurt everybody'

Chief executive Jamie Dimon issues stern warning on UK's exit from EU

Chief executive of JPMorgan Chase Jamie Dimon has warned Brexit could potentially have a significantly negative impact on the health of the UK economy.

Dimon warned the UK's departure from the EU could be "tough for the British people" and has the potential to hurt wider markets as it "will have an impact on global growth, and so Brexit could hurt everybody a bit", according to the FT. Two-fifths of asset managers eyeing Brexitrelocations Following the resignation of Brexit secretary David Davis and foreign secretary Boris Johnson on Monday (9 July) over Theresa May's negotiating plan, Dimon's comments reflect growing frustration in the business community over a lack of clarity from government on Brexit. Dimon said: "We still do n...