Cycling

Treasury written question – answered on 30th April 2008.

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Photo of Rob Marris Rob Marris PPS (Rt Hon Shaun Woodward, Secretary of State), Northern Ireland Office

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.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

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.

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