JPMorgan Chase boss Jamie Dimon has said that Britain's potential exit from the European Union (EU) could mean fewer jobs for in the U.K. Boris Johnson, a combative campaigner for a so-called Brexit, disagrees.
In an interview with CNBC, former London Mayor Johnson said that he rejected Dimon's claims about potential job losses, adding that the EU's economic policies had hurt living standards in the U.K. due to the twin effects of the euro currency and what he called "uncontrolled migration" across countries in the EU.
"Jamie Dimon and JPMorgan are the very people I recall - I mean they're bankrolling the Remain campaign - and they are the very people who urged this country to embed itself in the euro, which has turned out to be an absolute catastrophe," Johnson said in the Saturday interview.
"Yes, it is true, that some financial services institutions have over the last 20 years benefited phenomenally from the EU set-up. But it is also true that huge numbers of people on modest earnings in this country have not seen their wages rise - indeed in real terms many people have seen their wages fall as a result of many of the signature policies of the EU."