This is old news, but.... (bike to work scheme)

For any brummies that havent seen this (pistaboy, spinwellbloke) - http://www.guardian.co.uk/lifeandstyle/2010/aug/13/cycle-to-work-scheme-bargain-ends

Under the newly clarified rules, detailed here, I am going to have to pay quite a bit more. And so is anyone else partway through the scheme, as well as anyone who signs up in the future. That's because the killjoys in the tax office have decided that a bike worth more than £500 new will be worth 25% of its original value one year on. So my £700 bike will be worth £175 on its first birthday. Truth be told, it's probably a better reflection of its actual worth, but it's still a whopping £140 more than I was expecting.

however...

according to an article on the industry website, Bikebiz.com, one bike shop selling high-quality Dutch bikes has calculated that a typical customer of his would now make a grand saving of £19 as a result of the regime change.

The CTC has done its own calculations and reckons the changes are nothing like as dramatic. "On a quick calculation we believe that the savings (not including administrative costs to run the scheme) would be 29% for a basic rate taxpayer and 42% for a higher rate taxpayer when buying the bike after a 12-month hire contract. Those are still very good terms," said Chris Peck, the CTC's policy co-ordinator.