he chancellor is expected to introduce a new cap on how much people can spend on a bicycle through the Cycle to Work scheme, according to people familiar with Budget preparations. The original upper threshold of £1,000 was scrapped in 2019, allowing the purchase of even the most expensive bikes. But now ministers do not believe subsidies of several thousand pounds are the best use of taxpayer money. “
Cycle to Work should be about helping ordinary commuters switch to greener travel, not giving tax breaks to high earners buying £4,000 e-bikes for weekend rides in the Surrey Hills,” said one government figure. “Taxpayers shouldn’t be footing the bill for luxury leisure.”
Like many of Labour's policies and U turns this makes no sense, I thought their thinking was to get people out of cars and on to other means of transportation. It appears that Reeves and this administration have in depth 'knowledge' at the price point where all goods and services become luxury items in their twisted mindset. Take the luxury Car tax stranded at £40k for eight years, this is now hurting their desired policy to get people in to Electric vehicles .
This is unless you are a cabinet member, where no amount of money spent or sybaritic expenses are questioned Ed Miliband's £1,250 a night hotel was chosen in Belem due to the proximity to all the best restaurants and nightlife.