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Written question asked by James Cleverly (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by James Murray (Labour) on Tuesday, 8 September 2026 on behalf of the Treasury.


JP Morgan: Business Rates

Question

To ask the Chancellor of the Exchequer, pursuant to the answer of 20 April 2026, to Question 124688, on Business Rates: Tower Hamlets Council, whether JP Morgan has been offered business rate discounts or relief by HM Government in relation to its offices in Canary Wharf, including via the designation of an Enterprise Zone.

Answer

HM Government, with local authorities, has signed an MoU with JP Morgan. Subject to certain conditions, this sets out arrangements for the provision of business rates relief in connection with JP Morgan’s new tower development in Canary Wharf, through the establishment of a business rates retention zone.


Secondary information

Type
Written question
Reference
20419
Session
2026-27
Related items
JP Morgan: Business Rates
Monday, 20 April 2026
Written questions
House of Commons
Transferred
Yes
Subjects
Business rates JP Morgan Canary Wharf
Link
View this Written question on www.parliament.uk