Plans have been announced for a new "landmark tower" in London with double the floor space of Britain's tallest building, The Shard.

JPMorgan Chase unveiled details of the proposed office block after banks escaped having their taxes raised in the budget earlier this week .

The US multinational bank said the new building in Canary Wharf, in the east of the capital, would have a floor space of three million square feet. The Shard , in London Bridge, covers 1.3 million square feet.

However, the final design of the tower, including its height, is still being finalised.

A spokesperson for the firm told Sky News that they hoped to have clarity "soon" on how tall the building would be and the number of storeys. But it is expected to be one of the biggest office blocks in Europe.

Mone

See Full Page