Bicycle retailers and industry bodies have responded with concern to government plans to reinstate a cap on tax-saving purchases made via the Cycle to Work scheme.

Originally set at £1,000 upon the scheme's launch in 1999, the cap was removed in 2019 as it was seen as restrictive, particularly for those who wanted to buy ebikes or e-cargo bikes .

Now, a new cap is expected to be introduced in next Wednesday's budget as chancellor Rachel Reeves seeks to plug a major hole in the nation's finances. You may like

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