To ask the Chancellor of the Exchequer whether (a) his Department and (b) his Department's non-departmental public bodies provide (i) tax-free benefits and (ii) other allowances for their staff to purchase bicycles under the Cycle to Work Scheme; and if he will make a statement.
The Treasury does offer a cycle to work scheme to its employees. This scheme supports employees in taking greener journeys, by enabling employers to loan a cycle to an employee. In HM Treasury the period of loan is 12 months.
The Treasury also offers an interest free loan repayable over up to 12 months for employees to purchase a cycle.