Cycle-to-Work perks could shrink while TfL hire bikes remain a little-known option for commuters

There have been reports that the upcoming budget might cut the tax benefit of a cycle-to-work promotion that makes cycling to work cheaper.In essence, the cycle to work scheme allows an employee to buy or rent a bike with payments taken from their wages, but importantly, before they’ve paid tax on those wages. It varies a lot, but a taxpayer could save between 30% and 42% off the cost of buying a bike under the scheme.
Although much of the online chatter is that the scheme might be scrappe