Cycle To Work scheme will continue, government's Autumn Statement confirms

Cuts in employee tax breaks will not include any changes to the popular Cycle To Work scheme, Phillip Hammond announces in Autumn Statement - Campaigners urge£1.1bn pledged to upgrade local roads to include cycling infrastructure

(Image credit: Chris Catchpole)

Chancellor of the Exchequer Phillip Hammond's Autumn Statement has confirmed that the Cycle To Work scheme will not be axed among other moves to cut back on employee tax breaks.

The Cycle To Work scheme was introduced by the British government in 1999 as part of the Finance Act to encourage employees to commute to work by bike, promoting health, fitness and reducing pollution. Under the popular scheme, companies can loan employees a bike as a tax-free benefit.

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