JPMorgan Chase will build a tower in London’s Canary Wharf financial district, unveiling plans on Thursday to invest billions of pounds on the heels of a budget that sought to boost Britain’s finances and growth.

The bank said the project would contribute 9.9 billion British pounds ($13.1 billion) over six years to the local economy — including the cost of construction — and create 7,800 jobs.

“The UK government’s priority of economic growth has been a critical factor in helping us make this decision,” JPMorgan’s Chairman and CEO Jamie Dimon said, after praising UK finance minister Rachel Reeves’ budget on Wednesday that spared banks from fresh taxes.

Reeves said the decision was a “multibillion pound vote of confidence in the UK economy.”

The planned 3 million-square-foot building wil

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