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@CasaSteve
I avoided this price hike thankfully. My 12 months are up and my employers are taking a payment from my next pay packet so that I own the bike, and that's working out as about £35 on a £600 or so purchase.
Unfortunately, my flat mate who works for our county council and was a few weeks behind me, has just today been stung for £155 on a £650 purchase!
He's not happy.