Showing posts with label bicycle sales up recession UK Halfords bike to work tax reduction. Show all posts
Showing posts with label bicycle sales up recession UK Halfords bike to work tax reduction. Show all posts
Thursday, April 16, 2009
Bike sales up 50% in UK
Bicycle sales are up 50% in the UK due to the recession, according to bicycle retailer Halfords. Over the same period, car purchases are down 30%, as people choose to bike to work instead of driving. The UK government provides a Bike to Work benefit scheme, which offers a tax reduction of up to 45% on a new bicycle. This increase in cycling reverses years of decline; between 1980 and 2007 bicycle trips have gone down 18%, compared with car trips which increased 78%.
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