What’s It Cost To Run A Bike?
According to the government, a whole lot less than you’d think. Up until today, you could claim 20p a mile for riding your bike in relation to your job - not for getting to work (that’s covered under the cycle to work scheme).
That didn’t seem too bad to me - they’ll allow 40p a mile for driving a car, and just 24p a mile for riding a motorcycle. Admittedly, with my stable of bikes and assorted stuff, it probably actually costs me nearer to the 40p limit, but for the general punter, 20p was quite generous - especially as there was no upper limit on the mileage. Naturally, I take full advantage of the allowances, and ride a bike as often as possible when I’m visiting clients in my 7 mile x 6 mile patch of South East Northumberland.
But now, it seems that the same anti-bike jobsworth in the Treasury who worked out that the residual value of a bike wasn’t 5% after 12 months (and thereby almost sinking the cycle to work scheme) has been at it again.
The new rates from today will be:
0-500 miles a year: 8p a mile
501-1,000 miles a year: 4.5p a mile
>1,000 miles a year: ZERO
At the same time, you can still claim 40p a mile to drive your car - there’s no change for the Hard Pressed Motorist from this Greenest of Governments. Yet again, in their efforts to end The War On The Motorist (sic.), it seems that cyclists are to be the victims.