The Wall Street executive urged the UK Government to re-consider its plans to increase taxes on banks ahead of a major pre-Budget lobbying campaign on a call with Mr Healey on Thursday, reports The Financial Times.

Mr Dimon reportedly told the Chancellor that higher taxes often drive jobs elsewhere, alluding to the decline in finance roles in New York, which he attributed in part to the city’s tax burden.

The banking leader was among the most influential voices who helped dissuade then chancellor of the Exchequer Rachel Reeves against higher taxes on the sector at the last Budget, as discussions took place regarding the future of the firm’s £3bn London base in Canary Wharf.

Union leaders called on the UK Government to increase taxes on banks to fund energy bill relief for household following the sector’s bumper profits. However, while the Chancellor has yet to reveal his position on bank taxation, the JPMorgan chief made clear on the call that a windfall levy would be unwelcome.

The paper reports that Mr Dimon urged Mr Healey that he only way to solve the UK’s economic challenges was by encouraging growth “through good policy”, sources told the paper that comments on tax were not a “main part of their conversation”, claiming the exchange was “very cordial”.

Mr Dimon was among the first bank chiefs to hold an introductory call with the new chancellor at the request of Treasury officials, with other banking leaders to follow next week.

It comes after the JPMorgan Chase boss publicly warned Prime Minister Andy Burnham about the “adverse consequences” of higher bank taxes.

Speaking on The Master Investor Podcast with Wilfred Frost, Mr Dimon said: “It would be one more negative on that bucket of things you got to think about. I mean, it may sound great, ‘tax the banks’, but it’s $5bn that my shareholders paid on that extra tax. I just think things like that have adverse consequences.”

Miles Celic, chief executive of lobby group TheCityUK, said: “Ministers and officials need to treat the private sector as a partner in attracting investment and boosting growth. They need to do things with industry, not to it.”

The Treasury said: “The chancellor meets with senior representatives from sectors across the economy on a regular basis, including the financial services sector.”