Cycle to work scheme reports record bike sales.

According to the Association of Cycle Traders, sales overall have increased by 20 per cent on an annual basis in June. One of the main reasons is the success of the Government’s Cycle to Work scheme, which allows consumers to buy a bike out of their salary before it is taxed. On top of this tax-break, the bike is also free from VAT.
This can save customers hundreds of pounds on top models.  To give you some idea of volume and in the 1^st 6 months of 2009 the amount of vouchers redeemed was 26,000, compared with 35,750 throughout the whole of 2008 …

“Total sales in 2009 the Cyclescheme reported sales of £22.7m”

Roger Geffen, campaign coordinator at CTC, the national cyclists’ organisation, said: “We are now confident that the resurgence of cycling is not just a London phenomenon, it is truly national. And that has to be good for the country’s health, environment and well being.”

In London the number of bicyclists has doubled since the start of the decade, while the number of miles cycled nationally last year totalled 2.92 billion – the equivalent of 65 miles for every adult. This is the highest level since 1992.

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In conjunction with this cycle crime rose by 75% last year compared to the previous year. – London Evening Standard the most common of which is theft from the owners property.

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