The UK Government has just announced in its Autumn Statement that the Cycle To Work Scheme is to be kept, despite scrapping many other tax breaks, as the Government seeks to increase the revenue earned from Income Tax.
While we’re quite sure that not all bikes bought under the scheme are actually used to get to work, it’s a relief, not just in terms of carbon emissions tariffs, but also healthcare costs, that this scheme is being kept. Sub £1000 bikes bought under the bike to work scheme often act as a gateway into cycling, and that’s a new opportunity to get bums on saddles.
Also, with the £1000 threshold we’ve seen manufacturers pushing the specifications and quality of bikes at the magic £999.99 threshold. No doubt many local bike shops that benefit from new customers and service demands as a result of this scheme will be breathing a sigh of relief.
