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@Dammit
Olliver would be able to help out with the statistics here but I'm pretty sure that the majority of people in the UK have a bike- albeit a rusty one they last used in 1998 that is now in the shed tied to a ladder with a hose.
So it's clearly a desirable thing to have, even if you then ignore it.
We just take that a step further and make sure that anyone without a bike now has one, so they have no need to steal yours.
To answer Richie's point you'd have to then extend the same courtesy to everyone else to completely destroy the market in stolen bikes, but that's way cheaper than giving all the banks another 20 billion quid every three months, and might do more measurable good.