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Accell, owned by KKR, wants to restore confidence in Babboe cargo bikes

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Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Bicycle manufacturer Accell Group, owned by KKR, is hoping to revive its cargo bike brand Babboe after a quality scandal led to the recall of 22,000 unsafe bikes and a criminal investigation by Dutch authorities. The … Read more

Why lawyer Keir Starmer could struggle to restore the city’s swagger

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Painful new taxes were introduced under the Conservatives. The bank levy brings in around £1.5 billion a year to the Treasury. The bank surcharge, introduced to prevent lenders benefiting from corporate tax cuts, has raised £2.5 billion in the 2022-2023 period, although that revenue is declining now that corporation tax has risen again. Matthew Lesh … Read more