Cycling industry boosts the UK Economy

There's been lots of financial doom and gloom on the news lately so it was great to hear something positive for once. According to a report by the London School of Economics cycling contributes almost £3 billion to the UK economy. The report goes on to say that increasing numbers of us are taking to a two wheeled form of transport, with nearly a quarter of the population now cycling. This is an increase of 1.3 million cyclists bring the total to 13 million.

This increase in cycling is also making us healthier, with regular cyclists taking one sick day less per year which saves the economy £128 million a year. With the Olympics just around the corner I expect we will see even more people taking up cycling either for sport or just as a great way to get from A to B. With the average tank full of petrol for the car fast approaching £100 more and more of us will be looking for ways to save a little cash.