Subject Predicate Object
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a
Resource
External thing
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E-petition
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external identifier
230576
UK Government and Parliament Id
230576
e-petition UK Government and Parliament Id
230576
action
Increase the cycle to work scheme limit from £1000 to £2000.
background
Introduced in 1999, the scheme allows workers to buy a bike and accessories through their workplace. If the scheme’s limit had tracked inflation it would now be over £1,600. In addition, e-bikes are now becoming popular, provide access to cycling to more people, but are even more expensive.
additional details
Some organisations have obtained permission from the FCA to provide loans to a higher limit, but many do not do this (e.g. due to the complexity of obtaining permission and costs). This is a timely petition as officials from DfT, HMT and HMRC are reviewing the scheme’s guidance (including the limit) as part of the Government’s Cycling and Walking Investment Strategy. Source of inflation data: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
created at
2018-10-16T19:20:37.121000+00:00
updated at
2019-04-23T23:00:01.618000+00:00
closed at
2019-04-23T22:59:59.999000+00:00
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