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Reeves may put brakes on Cycle to Work scheme
Daily Post
|November 14, 2025
CHANCELLOR Rachel Reeves could slam the brakes on the Cycle to Work scheme at the upcoming Budget in a blow to City commuters, it has been reported.
The Chancellor is expected to cut tax benefits on salary sacrifice schemes, including in the buying of expensive bikes, according to a report in the Financial Times.
“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” a government official briefed the Financial Times.
“Taxpayers shouldn't be footing the bill for luxury leisure.”
This story is from the November 14, 2025 edition of Daily Post.
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