Well it’s good news for bike shops all over the country and more bad news for the car showrooms.
One of the incentives of the 2009 budget to reduce our carbon footprint, is the governments new initiative on decongesting our cities.
They have introduced a new Cycle to Work Scheme. Employers can now provide employees with a bicycle and associated safety equipment who agree to use the bicycles to cycle to work.
The purchase is treated as a tax exempt benefit in kind, with a very generous limit on the value of up to €1000.00
Looking for ways to make your wage packet stretch that bit further?
Maybe now is the time to get greener and back to pedalling.
Will we now see inventive ways to make you bike look prettier?. Baskets reminiscent of romantic amsterdam bikes or pink glittery handlebar streamers in the staff car park?
Or perhaps in 2009 we will see Audi or BMW bringing out their new green series of transport for the environmentally friendly at €999.99