And improving regulation to stop exploitation of the scheme by avaricious companies charging absurdly excessive rates of commission.

Did the negative reaction potentially dissuade Reeves from capping it? We may never know, but all this speculation and weeks of anxiety for small businesses like mine could be avoided if she ran a tighter ship!

Back to helping people ditch their cars. 🚲

I had to edit this video to keep it under 3 minutes. After referring to the treasury comments, I originally repeated their claim that cycle to work was being abused by high earners buying £4k e-bikes for weekend rides in the Surrey Hills. This is what I'm saying is proved false by HMRC's own data.

I kind of agree with you on this too. But I'd say a reasonable cap for a decent but not high-end e-bike is about £5,000.

I should clarify that in a weird way, I kind of agree with you. I hate all the stupid tax relief schemes the UK has and wish we just had a much simpler, clearer tax system. Sadly we don't, and until we do I'll need to defend schemes like this as one of the only incentives for active travel.

I run a shop selling these bikes, which is why I care. The bicycle retail sector is already in dire straits with sales the lowest they've been since the 1970s and shops closing left, right and centre. This move couldn't be more catastrophic for us.

Bigger better bikes like this for carrying up to four children can cost up to £7-8k.

There are lots of ludicrous, uncapped salary sacrifice schemes out there covering home electronics and all sorts. Cycle to Work is already the most stringent of all these.

The issue is that there are excellent electric cargo bikes out there like this one (which is £3,500) which are helping transform people's lives, and many working families are buying them with this scheme.

However the sector is already really struggling, and this move will pretty much kill it off.

The point of the scheme is that most people can afford these bikes if they use it. You need a salary of about £28,000 a year to buy a £4k e-bike on the cycle to work scheme. Average salary in the UK is £33-38k depending on how you measure it.

Realistically there's not much scope to this. The moment a new bike is no longer new, and when it's not being sold by a shop with manufacturer warranties etc, it devalues substantially. So even on an expensive e-bike, you'd be lucky to make a few hundred quid. And you can only do it once a year.

No, that's not what I'm saying. £1,000 in 1999 is the equivalent of about £2,000 now for a start. But also, £2,000 is about the price where quality e-bikes start.

To clarify, are you happy with people buying £150k cars without paying tax on their earnings first?

The problem is you seem to have no idea what bikes cost these days. This cap would restrict people to being able to buy almost nothing. The cheapest adult bikes on the market are about £500, and this would also eliminate all e-bikes.

When cycle to work was introduced in 1999, the cap was £1000.

And if you like the sound of what you're hearing, please do join us!

join.greenparty.org.uk